Starwood Vacation Ownership is a prominent name in the vacation industry, offering luxurious vacation ownership options to travelers worldwide. The company has a reputation for providing top-notch services and amenities that cater to the needs of their guests.
But, have you ever wondered who owns Starwood Vacation Ownership? In this article, we will take a closer look at the ownership of this renowned vacation company.
History of Starwood Vacation Ownership
Starwood Vacation Ownership was initially owned by Starwood Hotels & Resorts Worldwide, Inc., a company that was established in 1969. Starwood Hotels & Resorts Worldwide is an American hotel and leisure company with over 1200 properties in more than 100 countries worldwide.
In 1999, Starwood Hotels & Resorts Worldwide created Starwood Vacation Ownership as a subsidiary to offer timeshare properties. Over time, the company grew to become one of the largest timeshare companies globally, with more than 30 resorts in popular vacation destinations such as Hawaii, Florida, and California.
Ownership of Starwood Vacation Ownership
In 2016, Marriott International acquired Starwood Hotels & Resorts Worldwide for $13.6 billion. As part of the acquisition deal, Marriott International became the owner of all subsidiaries owned by Starwood Hotels & Resorts Worldwide, including Starwood Vacation Ownership.
Today, Marriott Vacations Worldwide Corporation operates as a separate entity under Marriott International and is responsible for managing all timeshare operations previously handled by Starwood Vacation Ownership. This includes selling vacation ownership units at various resorts worldwide and managing these properties’ daily operations.
Conclusion
In conclusion, Marriott International currently owns Starwood Vacation Ownership through its subsidiary Marriott Vacations Worldwide Corporation. While the acquisition brought about significant changes in leadership and management styles within the company’s structure, it has remained committed to providing exceptional vacation ownership experiences to its guests worldwide.
Next time you visit any one of their luxurious resorts, you can rest assured that you are dealing with a company that is backed by one of the world’s most extensive and renowned hotel chains – Marriott International.
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