Barefoot Technologies Blog- Vacation Rental Industry News

Marriott To Spin Off Timeshare Operations

Posted by Adam Zippin on Feb 16, 2011 7:41:00 AM

Hotel operator Marriott International, Inc said on Monday it plans on splitting into two publicly traded companies by spinning off its timeshare operations into a separate company. Under the spin off plan, the new company will focus on the timeshare business under the Marriott and Ritz-Carlton brands, while Marriott International will concentrate on the lodging management and franchise business.


In 2010, Marriott said its timeshare segment operated 71 timeshare and fractional resorts with more than 400,000 owners and approximately 10,000 employees with a revenue around $1.5 billion.


The Marriott family is expected to own roughly 21 percent of each company and they expect the spinoff to be complete before the end of the year.