Starwood Hotels

Interval Leisure Group has finally done it. The leading global provider of professionally delivered vacation experiences has locked down their acquisition of Vistana Signature Experiences. Vistana, a leading developer owner and operator of high-end vacation ownership resorts, has been purchased from Starwood Hotels & Resorts Worldwide, Inc for approximately approximately $123 million in cash subject to post-closing adjustment.

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As the impending merger with Starwood Hotels & Resorts Worldwide comes to a close in mid-2016, Marriott International has announced that its number of rooms will double in size throughout Europe. The company will offer more than 123,000 opened or signed rooms—the sum of Marriott’s 61,000 open rooms, Starwood’s 40,500 open rooms, and the joint ownership of 21,500 rooms.

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