Starwood CEO Resigns 1 Week After Spin-off Announcement

Starwood Hotels & Resorts’ Frits van Paasschen has resigned from his position as CEO. The change was announced Tuesday, February 17th, and was described as a mutual agreement with Starwood’s board of directors.

This comes just a week after the announcement of the Starwood Vacation Ownership spin-off. For the moment, Starwood Director Adam Aron will act as interim CEO and van Paasschen will continue to stay on as a consultant through the transition. Starwood has stated that they are considering both internal and external candidates. [Read more...]

Diamond Resorts International

DRI Reveals Partnership with China Travel International and Dorsett Hospitality International

This week Diamond Resorts International (DRI) announced that they signed a joint venture agreement with China Travel International and Dorsett Hospitality International. Through this agreement, Diamond plans to create and sell Diamond timeshare in Asia, with the help of their new business partners.

The trio plans to develop China into a major market for vacation ownership. Over the past year, many timeshare groups including Marriott and RCI have announced plans to expand to China and other Asian countries. [Read more...]

RCI Logo

RCI Added 150 Affiliated Properties in 2014

Looking back on 2014, RCI took a moment to reflect on the newest additions to their timeshare exchange network. In a single year, RCI added 150 properties, with 54 resorts added in the fourth quarter alone.

The new RCI Affiliated resorts include multiple locations across the U.S., South America, India, Europe, and even Asia. [Read more...]

Starwood Announces New Vacation Ownership Division

Starwood Announces New Vacation Ownership Division

Starwood Hotels & Resorts Worldwide, Inc. has announced that they will create a separate publicly traded company for its vacation ownership subsidiary, Starwood Vacation Ownership (SVO).

The new SVO division will be lead by a seasoned management team and will continue to be based in Orlando, FL. The company has already made it clear that they will continue to maintain their affiliation with Sheraton, Westin, and Starwood Preferred Guest resorts. [Read more...]