Starwood Hotels & Resorts (Starwood) announced it has entered into an agreement with Interval Leisure Group (ILG) to acquire SVO. The anticipated transaction is scheduled to be complete in the second quarter of 2016.
Starwood Hotels & Resorts Worldwide, Inc. announced a key milestone toward the planned spin-off of its vacation ownership business into a separate publicly traded company. Starwood Vacation Ownership (SVO), which will be named Vistana™ Signature Experiences upon completion of the transaction, has filed an initial Form 10 Registration Statement (Form 10) with the U.S. Securities and Exchange Commission.
Starwood Vacation Ownership today announced the development of The Westin Nanea Ocean Villas in Hawaii, a 26-acre oceanfront resort scheduled to open in 2017 with sales beginning fall 2015.