Interval Leisure Group to buy SVO

[LisaRex]

I agree that no changes will take place for awhile. If they do, I can see II modeling a new system after the system that Marriott used to use. IOW, having all exchanges take place through II, with a long owner priority period to encourage buying into that program.

 

[SkyBlueWaters]

http://www.bloomberg.com/news/artic...ng-vistana-timeshare-unit-to-interval-leisure

In this merger, Starwood shareholders own 55% of Vistana, and the boards of ILG and Vistana merge.

 

[RuralEngineer]

II buying Starwood's timeshare business

http://phx.corporate-ir.net/Externa...9NTk5MjczfENoaWxkSUQ9MzEwMDA4fFR5cGU9MQ==&t=1

note their 9% fee on contracts is less then DRI's. II both collaborates and competes with other timeshare companies. lots of consolidation in the industry.

Stephen

 

[pedro47]

Maybe II will now show more Getaways Special for Starwood's.

 

[Helios]

I am really hoping for some sort or advantages when trading into Hyatt. However, my Starwood Exec contact told me there wouldn't be any in the foreseeable future.

 

[raygo123]

The 80- 20 theory is happening even more quickly as the big 3 emerges. Rumor has it blue green may be next

Sent from my Nexus 7 using Tapatalk

 

[Helios]

The 80- 20 theory is happening even more quickly as the big 3 emerges. Rumor has it blue green may be next

Sent from my Nexus 7 using Tapatalk

Where is HGVC going to end up?

 

[pedro47]

Where is HGVC going to end up?

Look likes there will be three (3) major players in the future RCI/Wyndham, DRI, and II.

 

[RuralEngineer]

additional context

http://www.ft.com/cms/s/0/9a0bbcae-8253-11e5-8095-ed1a37d1e096.html

"In the past, growing a hotel company required enormous capital investment, but over the past two decades, many hotel groups have expanded by adopting an “asset-light” model of managing, rather than owning, properties."

similar strategies ...

 

[GregT]

Look likes there will be three (3) major players in the future RCI/Wyndham, DRI, and II.

Interesting theory on consolidation -- but why DRI as the third and not Marriott? I don't track DRI very much, have they been an active consolidator?

Thx

 

[tschwa2]

Hilton, DRI and even Holiday Inn have been actively expanding and building or acquiring inventory (asset light) in new locations.

Other than hotel conversions with limited inventory and slowly building out current locations Marriott hasn't been expanding.

 

[Helios]

Look likes there will be three (3) major players in the future RCI/Wyndham, DRI, and II.

I hope HGVC keeps status quo and stays with RCI instead of switching to II.

 

[raygo123]

Look likes there will be three (3) major players in the future RCI/Wyndham, DRI, and II.

It doesn't mean 3 it could be 4, and that still leaves 20% of the market as smaller entities. They will end up the same as they now exist, or smaller associations. As long as RCI and II remain doing business as usual. An analogy is the supermarket industry. Big chains, and wholesalers who service smaller independent grocers.

RCI, II, and SFX, are such entities.

Sent from my Nexus 7 using Tapatalk

 

[mindy35]

What's the straight shot on the spin-off, sale and merging of SVO to II?

It's been a busy year and I guess I have not been paying close enough attention.

We are here now at WKORV-N and everything looks great. They've updated the furnishings and carpet and the property looks well maintained overall.

I really have no desire to go to an owners update especially because I anticipate a lot of double talk when posed with the question I've listed as the title of this thread.

So.....I ask you......great TUGers:

How does the spinoff of SVO and subsequent purchase by II effect me and my weeks at my home resort and other Westin timeshare properties?

The good and the bad.

 

[dioxide45]

I don't see how this can be negative for Starwood owners. I really can only see it being a positive thing given that Starwood was already spinning off the vacation ownership segment. I think it will provide some more stability to the new company.

While there may be concerns about Starpoints use, I think that would be there even in an independent VVE where Starwood Hotels is looking for a buyer. One never knows how loyalty programs will work under new ownership, there is the possibility that SPG may or may not survive. If it doesn't, what that means for VVE owners that use those points isn't known.

In the end, I think VVE being under the ILG umbrella will be good for VVE owners as opposed to going it alone.

 

[irish]

Marriott/ii/ spg ??

soo, II is taking over the starwood timeshares? is that right? i own 2 MVC weeks which i almost always deposit with interval(occasionally rent/trade for MR points.) i do try to exchange my II deposited weeks for WESTIN KIERLAND (family in the Scottsdale area)so how/will i be able to make the the same trade?

 

[elleny76]

great question... following would like to know if Hyatt will be available.

Do we just love to speculate???

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?

 

[SueDonJ]

(businesswire.com link to 3/18/16 Starwood press release)

Yesterday was one of "the" days in the process of Starwood/Vistana being spun-off to ILG. Any indication that things are (or aren't) proceeding as planned?

 

[DeniseM]

My sources say that the roll-over will occur on April 4th.

 

[SueDonJ]

Having gone through this when Marriott spun off their timeshares, I suggest that you take screenshots or print-outs of the profile, ownership, pending reservation and any other relevant pages in your online accounts now before all the machinations happen. Most likely things will go fairly smoothly but for the few of us who did see errors, it helped to be able to make side-by-side comparisons.

Good luck!

 

[dioxide45]

Having gone through this when Marriott spun off their timeshares, I suggest that you take screenshots or print-outs of the profile, ownership, pending reservation and any other relevant pages in your online accounts now before all the machinations happen. Most likely things will go fairly smoothly but for the few of us who did see errors, it helped to be able to make side-by-side comparisons.

Good luck!

If only we would have been warned about the new owners website for MVCI. I see little change for any Starwood owners for their system accounts. That will be a longer more gradual process. The company doesn't buy them and then flip a switch. IT infrastructure will probably sit at Starwood for a while until they transition everything over.