Skip navigation

WSJ: Marriott to Spin Off Timeshare Unit

Marriott International is spinning off its timeshare business, a one-time booming profit generator for hotel companies that petered out during the recession.

The move will create what amounts to the world's largest standalone timeshare business, with around $1.5 billion in unsold assets and 400,000 owners, according to Marriott's chief operating officer, Arne Sorenson. The unit owns 71 properties with 33,000 rooms.

Read the full story here.

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish