Starwood rumors continue, sells timeshare business | HotelsMag.com

Starwood Hotels and Resorts Worldwide remains atop the headlines and stock exchange advancers on Wednesday with rumors of a potential sale moving from three Chinese companies now to Hyatt Hotels Corp. in advanced discussion to buy the company. At the same time, on earnings day, Starwood announced it is spinning off its timeshare unit, Vistana Signature Experiences, to Miami-based Interval Leisure Group in a transaction valued at US$1.