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02/18/2015    Starwood Vacation Ownership Announces New Resort On Maui

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.

Read the press release

 

02/10/2015    Starwood Announces Plan to Spin-off Vacation Ownership Business

Starwood Hotels & Resorts Worldwide, Inc. announced plans to spin off its vacation ownership business, Starwood Vacation Ownership, into a separate publicly traded company. The transaction is expected to fuel long-term growth and create greater experiences for guests. For more information please call 407-903-4657 or 1-800-471-8420 .

Read the press release

 

Frequently Asked Questions

Why is Starwood Hotels and Resorts Worldwide, Inc. (Starwood) pursuing a spin transaction?

Creating two separate companies will allow Starwood Vacation Ownership (SVO) opportunities to grow, while continuing to provide outstanding vacation experiences, and Starwood to continue to participate through its franchise and managed hotel business model.

 

What are the most important elements of this transaction that impact owners and potential owners?

As a stand-alone public company, SVO will explore new development and growth opportunities to offer more options and flexibility to Owners and enhance their vacation experiences. We have a more than 30-year history in the vacation ownership industry and expect to bring even greater experiences to our Owners in the future.

 

Will SVO look to grow the number of resorts in the future?

Yes. As part of the transaction, SVO will benefit from additional anticipated inventory at the Westin Los Cabos, Westin Cancun, Westin Puerto Vallarta, Sheraton Kauai, and Sheraton Steamboat. We will communicate details regarding the progress of adding new resorts to the network as they become available.

 

When will we be able to access the five owned hotels that Starwood expects to contribute to the new company?

Today, Owners may access these hotel properties through the Starwood Preferred Guest® program. We will provide future communications as plans progress.

 

Will my resort continue to be operated as a Westin or a Sheraton brand?

Yes. We will retain a long-term affiliation with the Westin and Sheraton brands, ensuring the same level of quality and experiences you have come to expect.

 

Will all services and amenities remain the same?

SVO resorts will continue to be developed, operated and maintained according to standards that deliver the highest level of quality and customer service in the industry.

 

Will I still be able to enjoy my Starwood Vacation Network benefits?

Yes. You will continue to receive the same valuable benefits; award winning branded experiences and preferred access to the industry-leading SPG program that you’ve come to know and expect from us.

 

Will current and future Starwood Vacation Network (SVN) members still have access to Starwood hotels? Will I still be able to convert my StarOptions to StarPoints and access Starwood hotels worldwide?

Yes, all current and future owners will continue to enjoy privileged access to the Starwood Preferred Guest® program as they have in the past. The terms and conditions governing access to Starwood hotels through SVN and the SPG program are reviewed and updated from time to time. Any changes that may take place from time to time in ordinary course of business would not be attributable to the spin-off transaction.

 

Will annual maintenance fee assessments remain the same?

Yes. Annual maintenance fee assessments are already approved and billed to Owners for 2015 and future budgets will follow a similar process.

 

Will the mortgage process remain the same?

Yes. The mortgage process will remain the same. If you make your mortgage payment by credit card or ACH that will continue, if you mail in your mortgage payment the address is the same. All of our mortgage and customer service phone numbers will also remain the same.

 

Will my existing reservations remain the same for my upcoming vacations?

Yes. All confirmed reservations will remain unchanged.

 

Will I continue to use the same websites and telephone numbers I have to contact SVO?

Yes. Our telephone numbers and website contacts will remain the same. Any changes in the future will be communicated as necessary. Visit starwoodvacationnetwork.com regularly for important information regarding your ownership.