Hints and tips:
...“This transaction will combine two of the premier global vacation ownership companies to create a more diversified company with significantly enhanced marketing potential and scale to drive sales growth...
...A version of this article was first published by the Nikkei Asian Review on August 29 2018. ©2018 Nikkei Inc. All rights reserved....
...It raised $2bn earlier this year from selling stakes in two of Hilton Worldwide’s former sister companies, Park Hotels and Hilton Grand Vacations....
...Meanwhile, Wyndham Vacation Ownership will be a publicly traded timeshare company, headquartered in Florida and headed by its chief executive Michael Brown....
...In the past year it has come under scrutiny for its murky ownership and high leverage....
...Probing questions into the company’s ownership structure have upended some of Anbang’s bids on US assets....
...Read the FT’s insider account of how Anbang nearly landed Starwood here....
...“Marriott’s revised offer provides the highest value to our shareholders through long-term upside potential from shared synergies and ownership in one of the world’s most respected companies, as well as...
...Mr Wu is married to the granddaughter of Deng Xiaoping, China’s former leader and the architect of the country’s transition out of a planned economy, and Anbang has an opaque ownership structure that includes...
...As China’s role in international M&A continues to intensify, Chinese firms are coming under increased pressure by those involved in these deals for greater transparency with regard to ownership structure...
...In this case, it was the high-end timeshare resort membership model pioneered by the likes of Wyndham Vacation Ownership, Marriott Vacation Club and Sheraton Vistana....
...It also sealed the sale of its timeshare vacation business to Interval Leisure Group for $1.5bn, as part of its asset-lite strategy....
...Starwood’s market capitalisation is $13.8bn, while IHG’s is roughly $9.5bn, but Starwood filed plans last month to spin off its vacation timeshare business into a separate publicly traded business....
...The decision by Starwood Hotels & Resorts Worldwide to spin-off its vacation ownership business, alongside better than expected fourth-quarter earnings, pushed shares of the company higher on Tuesday....
...Last week, Starwood said it would spin off its vacation ownership property business (so-called “time shares”) as another part of its move to the asset-light model....
...Earlier this year, Starwood announced plans to spin off its timeshare business — vacation properties with shared ownership — into a separate publicly traded company as part of its so-called “asset-light...
...The company said Adam Aron, a Starwood director since 2006 would take over as interim CEO and that a search was under way for a replacement....
...The expansion will be implemented exclusively using an asset-light business model, where franchises and management contracts are preferred to outright ownership....
...Now after six years under Blackstone ownership, the company – renamed Hilton Worldwide – is set to go public within weeks....
...Founded in 1919 by Conrad Hilton, Hilton Worldwide’s brands include Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Hilton Garden Inn, Hampton Inn and Hilton Grand Vacations....
...The deal signals the end of the Graham family’s ownership of the iconic newspaper and the latest struggling US metropolitan newspaper to be bought by a billionaire.”...
...“We believe current market conditions present a unique opportunity to consolidate the ownership of single-family homes at distressed prices, rent them to tenants, manage and position the assets for revenue...
...Mr Sternlicht, chairman of Tri Pointe, will retain a 45 per cent ownership stake....
...“In 10 years we think that car ownership will be half of what it is today because of these innovations,” he says. “It’s a shift from having to own one to having access to one....
...But measuring results leads back to the thorny question of ownership, and whether a social media strategy is primarily about keeping existing customers happy, brand management, or sales and marketing....
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