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Interval Leisure Group to buy SVO

Debbie118

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I just heard a rumor that Interval Leisure Group is looking to buy Starwood Vacation Ownership. Thoughts?
 

DeniseM

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Did you hear it from a timeshare sales person?
 

vacationtime1

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Rumors are cheap, although we know Starwood is reorganizing.

What is the source?
 

Debbie118

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I just heard this on CNBC news. Time frame was within the week a definitive announcement.
 

tschwa2

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It wouldn't be the worst news. It really hasn't seemed to change much for Hyatt owners.
 

cubigbird

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So this would mean the scrapping of the whole VSE idea and concept??? ...Or would VSE essentially be an entity underneath ILG???
 
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PamMo

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LisaRex

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Very interesting development. I can't even begin to speculate on what that would mean.
 

klpca

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GregT

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I think this would be a logical conclusion, for the same reason that Hyatt being acquired by Interval made sense too. This would definitely scrap VSE, but VSE may have been a giant "For Sale" sign anyway.

I think Bastroum may be onto something that this could favorably impact Starwood deposits for traders. Interesting.

Best,

Greg
 

DavidnRobin

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I am sticking with 'own where I go' strategy
 

Helios

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It wouldn't be the worst news. It really hasn't seemed to change much for Hyatt owners.

Do you know what changed for Hyatt?
 

Helios

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Helios

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I will be interested in knowing what this means for Harborside. Harborside is really a joint venture of Starwood and Kerzner, so I wonder if we'll be treated differently than the Westin, Sheraton, and/or Vistana owners.
 
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lizap

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So far, nothing has changed, but there is talk about a 'pure points' system. Don't know what this means as Hyatt already has a points system. I suspect it might be a way to get more money from existing owners, a la Marriott. Intervals' pockets must be deep, first Hyatt, now Starwood..


Do you know what changed for Hyatt?
 
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pedro47

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Can someone please explain what all this mean to the timeshare community?
 

Helios

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There is also a rumor that HVGC is being sold and another rumor that HGVC may switch to II (a byproduct of being sold :ponder:)

Just rumors at this point. Interesting that there is so much change in the industry at once.
 

cubigbird

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Do we just love to speculate??? :ponder:

I am wonding that if SVO was to be bought by ILG, would SVO owners also be merged into the same system with Hyatt and would that bring new internal exchange options for us since technically it is the same company, or would the 2 systems but separate underlying entities?
 

NNerland

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Time will obviously tell - but as when they announced the new spinoff - Long Term Marketing/Naming deals were signed meaning little change in what we actually see. Just different name under different umbrella.

I read some about Hyatt today and it appears they acquired, but it operates as its own unit but gives them additional balance sheet leverage.

All about the assets for them and asset light for Starwood.

Time of course will tell but I would anticipate it wouldn't be a free for all elimination of the structure we all purchased. And, given the 100 year (I thought I read) marketing deals to keep Westin, Elite Benefits, etc....things will continue on as usual.

But I await the typical cynical replies about how we are all about to get screwed.
 

tschwa2

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Interval did sell off one Hyatt vacation club (I think to Welk). The two in SVN I would be the most concerned about would be Harborside and SDO.

I would expect the two umbrellas of Hyatt and SVN to stay separate with perhaps some reciprocity (a la Wyndham/Worldmark) at maybe the 6 month mark or priority within II.

Personally I would like to see Harborside go to Marriott with ability to enroll in the DC and perhaps better points values especially for summer months.

This also means II will be competing with itself selling retail weeks/points in Maui.
 

Helios

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Personally I would like to see Harborside go to Marriott with ability to enroll in the DC and perhaps better points values especially for summer months.


I second this.


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