Marriott to Spin Off Timeshare Business [merged]

[linsj]

rumor

I spoke with a Hilton salesman who specializes in owners' updates today. He said Hilton is looking at buying some of the Marriott properties, especially in Kauai and Maui, where Hilton doesn't have a presence. Since this came from a salesman, take it for what's it's worth. As a Hilton owner, I'd love to see this happen.

 

[scrapngen]

I spoke with a Hilton salesman who specializes in owners' updates today. He said Hilton is looking at buying some of the Marriott properties, especially in Kauai and Maui, where Hilton doesn't have a presence. Since this came from a salesman, take it for what's it's worth. As a Hilton owner, I'd love to see this happen.

Don't hold your breath waiting...:hysterical: :hysterical:

 

[linsj]

Don't hold your breath waiting...:hysterical: :hysterical:

I'm not! Hilton is in a building/buying mode though, unlike other TS companies.

 

[dioxide45]

The only thing that Hilton could buy would be the management contracts for these resorts. Marriott doesn't own the resorts, they are owned by individual owners. While there is some Marriott ownership in to common areas at the resort, they simply don't own the units.

The thing about the management contracts is that they are a guaranteed revenue stream. The owners cover all costs and Marriott takes a nice 10% pay check. They aren't about to give that up.

 

[SueDonJ]

Marriott has quite a few hotel "properties" on Kauai and Maui, too. Hilton could just as easily be looking at any of those and not the timeshare resorts. (If they are actually looking for Marriott properties to take over/convert, which is automatically suspect info if it's coming from a salesman.)

 

[MikeM132]

The only thing that Hilton could buy would be the management contracts for these resorts. Marriott doesn't own the resorts, they are owned by individual owners. While there is some Marriott ownership in to common areas at the resort, they simply don't own the units.

The thing about the management contracts is that they are a guaranteed revenue stream. The owners cover all costs and Marriott takes a nice 10% pay check. They aren't about to give that up.

Marriott could "walk away", but more realistically, they would have to be voted out for anyone else to take over. Hilton can't buy anything at any of the timeshare properties. Salesmen seem to get away with this BS when talking to timeshare novices.