Starwood Vacation Ownership And Interval International Announce Long-Term Renewal

Interval International has announced the renewal of its master affiliation with Starwood Vacation Ownership, Inc. (SVO), a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT). The long-term agreement extends the relationship established in 2000 and includes 19 shared ownership properties, as well as future resorts.

In business for more than 30 years, SVO develops and operates vacation ownership resorts and fractional-residential properties under the prestigious Westin and Sheraton brands throughout the United States, Mexico, and the Caribbean. Its Westin St. John Resort & Villas on St. John, USVI, is currently undergoing a multi-million dollar renovation that includes the conversion of 79 guestrooms into 54 luxury vacation ownership villas. The new project overlooks Great Cruz Bay, with expected occupancy beginning in spring 2015. Upon completion, there will be a total of 200 villas set on the resort’s lush landscape. Guests will also enjoy the enhancements to a number of the amenities, including the quarter-acre swimming pool, fitness center, spa, and dining facilities.

Source :   http://www.rdo.org/industry-updates/starwood-vacation-ownership-and-interval-international-announce-long-term-renewal/