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Yahoo Finance article: Starwood up for sale & spin-off of timeshare arm [merged]

luv_maui

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I just can't imagine holiday inn group paired with Starwood group of hotels. I'm not optimistic to the SVO spinoff, but time will tell.
 

linsj

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I just can't imagine holiday inn group paired with Starwood group of hotels. I'm not optimistic to the SVO spinoff, but time will tell.

I can't either. Or Wyndham. Neither of these is comparable quality. Hilton or Marriott is a better fit.
 

Ty1on

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I can't either. Or Wyndham. Neither of these is comparable quality. Hilton or Marriott is a better fit.

Wyndham and Wyndham Grand are pretty high quality.......
 

DeniseM

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Wyndham and Wyndham Grand are pretty high quality.......

Don't get me wrong - I LIKE Wyndham and own more Wyndham than anything else, but they are not the same quality as Starwood. Their top new resorts are, but the bottom end of Wyndham is far below Starwood.
 

Ty1on

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Don't get me wrong - I LIKE Wyndham and own more Wyndham than anything else, but they are not the same quality as Starwood. Their top new resorts are, but the bottom end of Wyndham is far below Starwood.

Wyndham Hotels and Wyndham Grand Hotels. not Wyndham timeshare resorts.

If Wyndham were to pick up Starwood Hotels, I'd think they would add them to the Grand line.
 

dmharris

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Too bad Intercontinental walked away. Their properties are stellar. Better than Marriott and Westin. imo.
 

krj9999

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So many moving parts.

SVO spinoff in process. New Sheraton FLEX program launched. Possible Starwood up for sale to unknown party, with unknown future impact on SVO.

Let alone mandatory and voluntary resorts.

What's next?
 

Sugarcubesea

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So many moving parts.

SVO spinoff in process. New Sheraton FLEX program launched. Possible Starwood up for sale to unknown party, with unknown future impact on SVO.

Let alone mandatory and voluntary resorts.

What's next?

I agree, quite a bit of the unknown out there
 

Julian926

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Don't get me wrong - I LIKE Wyndham and own more Wyndham than anything else, but they are not the same quality as Starwood. Their top new resorts are, but the bottom end of Wyndham is far below Starwood.

I agree with Denise. I can't help thinking if we were Wyndham how much our properties will be devalued - not that it's already devauled already. I can only hope that Hilton or Hyatt buys us out.
 

raygo123

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And I thought all resales sold for a dollar a 50% loss would lower the price to$.50 lol

Sent from my Nexus 7 using Tapatalk
 

nokaoi9

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Any thoughts on how this might impact the SPG program? We're sitting on quite a few points and not really in need of airline miles. Might just convert to gift cards rather than having them devalued further.
 

SueDonJ

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Any thoughts on how this might impact the SPG program? We're sitting on quite a few points and not really in need of airline miles. Might just convert to gift cards rather than having them devalued further.

For what it's worth, the spin-off of Marriott timeshares from Marriott, Int'l to Marriott Vacations Worldwide didn't result in any changes to the affiliation between the timeshares and Marriott Rewards Points program.

{ETA} Also, more importantly, Starwood's letter earlier this year says, "In addition, you will continue to enjoy privileged access in the SPG Program."
 
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Any thoughts on how this might impact the SPG program? We're sitting on quite a few points and not really in need of airline miles. Might just convert to gift cards rather than having them devalued further.

Should be no impact in the immediate future vis a vis TS.
SPG is Starwood, not TS/Vistana.
 

Palmtreelady1

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Starwood Vacations being sold? [ MERGED AT THIS POINT ]

We recently went on a time share talk at a Marriott property and said we owned at Vistana. The closer guy also owns with Sheraton at the Westin St. John. He said it looked like the Vacation side of the Sheraton was up for sale as they recently (June 2015) separated themselves from the larger company. He said by them doing that it was a sign that they are up for sale. He wondered if Marriott would buy them as they are expanding! I then asked how we as Sheraton owners would fair into a new system! Has anyone else heard this or why they branched off?
Thanks
 
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lizap

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Yes, this was announced by Starwood a while back...I think it would be great for us if Marriott would buy the TS division, but I doubt it will happen. Starwood does not appear to have a cohesive strategic plan for its TS division, or if they do it has not been clearly articulated.


We recently went on a time share talk at a Marriott property and said we owned at Vistana. The closer guy also owns with Sheraton at the Westin St. John. He said it looked like the Vacation side of the Sheraton was up for sale as they recently (June 2015) separated themselves from the larger company. He said by them doing that it was a sign that they are up for sale. He wondered if Marriott would buy them as they are expanding! I then asked how we as Sheraton owners would fair into a new system! Has anyone else heard this or why they branched off?
Thanks
 
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taterhed

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SueDonJ

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We recently went on a time share talk at a Marriott property and said we owned at Vistana. The closer guy also owns with Sheraton at the Westin St. John. He said it looked like the Vacation side of the Sheraton was up for sale as they recently (June 2015) separated themselves from the larger company. He said by them doing that it was a sign that they are up for sale. He wondered if Marriott would buy them as they are expanding! I then asked how we as Sheraton owners would fair into a new system! Has anyone else heard this or why they branched off?
Thanks

It doesn't sound like he's been working for Marriott for very long. You could have pointed out to him that Marriott spun-off its timeshare division in 2011, not positioning it for a sale and not subsequently selling it. It's bad enough that he doesn't know his own company's basic history, even worse that he makes himself look like an idiot by trying to denigrate another company through his ignorance.

Sure, it's possible Starwood/Vistana timeshares can be sold after being spun off but it's not a direct correlation that they are for sale. All indications are that it's the Starwood hotel and not the timeshare division on the market.
 

Scott & Laura

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Hi

I read Starwood margin call for Q2 of this year Starwood is selling off assets and wants to use 40% I think to repurchase Starwood Stock to reduce outstanding shares

They have have set a goal of selling off $800 million in assets this year including spinning off SVO to reduce assett's and become a fee driven business. In that way they are able to better to stand ups and downs in economy.

The callers questioned Starwood on spinoff and they hope completed by year end

From Starwoods viewpoint they want to sell it---Other companies who are low tier brands may want to buy so they can have upscale line But as of now any legitimate buyer I think is whats needed.

Starwood is selling-Just like us folks when we sell a used car--would you like future oppurtunities YES but at end of day who has cash is most important

I think Vistana is being structured to sell stock--we all need to wait and see stock offer


Scott
 
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