Starwood Hotels & Resorts Worldwide, Inc. HOT today announced a
key milestone toward the planned spin-off of its vacation ownership
business into a separate publicly traded company. Starwood Vacation
Ownership (SVO), which will be named Vistana Signature Experiences,
Inc. upon completion of the spin-off transaction, has filed an
initial Form 10 Registration Statement (Form 10) with the U.S.
Securities and Exchange Commission. The spin-off will be effected
through a pro rata distribution of the new entity's stock to Starwood
stockholders, and is expected to be completed in the fourth quarter of
2015.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20150616005902/en/
Adam Aron, Starwood's Chief Executive Officer on an interim basis, said:
See full press release
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