Following the announcement of the spin-off of Starwood’s vacation ownership business last week, the company shared that a portion of the Sheraton Kauai Resort will be converted into a timeshare and transferred to Starwood Vacation Ownership.
Starwood Hotels & Resorts Worldwide, Inc. intends for its new timeshare business to become the premier upper upscale timeshare company. The yet unnamed Starwood Vacation Ownership entity will develop and operate 22 timeshare resorts, including properties in prime vacation hot spots like Hawaii, Orlando, Mexico, and the Caribbean. The spin-off will add more inventory from Starwood-owned properties like the Sheraton Kauai.
The Sheraton Kauai Resort will become Starwood’s fourth Hawaii timeshare property. Current properties include The Westin Ka’anapali Ocean Resort Villas and Westin Ka’anapali Ocean Resort Villas North on Maui, and the Westin Princeville Ocean Resort Villas.
In addition, Starwood’s timeshare inventory will expand as the company’s properties like Sheraton Kauai are transferred to the new entity. Starwood has also mentioned adding inventory at Westin Los Cabos, Westin Cancun, Westin Puerto Vallarta, and Sheraton Steamboat resorts.
Matthew Avril, who retired as president of Starwood’s Hotel Group in 2012, will return to run the new company as CEO upon completion of the spin-off. Stephen Williams will continue to serve as COO.
The company will determine the name of the new company in the coming months.
Check back for updates on this important Starwood transition. Learn more about current Starwood timeshares today.