Shortly before Starwood announced a deal to be acquired by Marriott it agreed to spin off its timeshare business into a separate company, Vistana, which it sold to Interactive Leisure Group or ILG. ILG now holds the vacation ownership businesses of Hyatt, Sheraton and Westin.
Marriott Vacations is now buying Interactive Leisure Group for $4.7 billion. So an affiliate of Marriott will wind up owning the Starwood timeshare business Marriott itself was believed not to want two and a half years ago as well as Hyatt’s timeshare business.