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Strategies & Market Trends : Timeshare Companies - OWN FFD TWRI VSTN SVR BXG -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Microcap who wrote (29)6/11/1999 9:23:00 AM
From: Grommit  Read Replies (1) | Respond to of 55
 
June 09, 1999 Starwood plans to enter the time-share business

BLOOMBERG NEWS Starwood Hotels & Resorts Worldwide Inc., the world's largest owner of hotels, plans to enter the time-share business through either an acquisition or a joint venture. The company, which owns the Westin and Sheraton hotel chains, has decided it would take too long to build its own time-share business, said Juergen Bartels, chief executive of Starwood's hotelgroup...Time-share sales are expected to grow as aging baby boomers spend more on travel and leisure. Bartels said he would prefer to acquire a time-share operator, over a joint venture. He was speaking at the PaineWebber Growth & Technology Conference in New York....

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