Arne Sorenson Discusses Timeshare Spin-Off on CNBC's Squawk Box
The details behind the spin-off of Marriott's timeshare business, with Arne Sorenson, Marriott International president/COO. Since its founding nearly 85 years ago, never has Marriott International, Inc. (NYSE: MAR) been as fully focused on its core lodging management and franchise business as today, concluding the spin-off of its timeshare business. To complete the spin-off, equity shares of the new company, Marriott Vacations Worldwide...
The details behind the spin-off of Marriott's timeshare business, with Arne Sorenson, Marriott International president/COO. Since its founding nearly 85 years ago, never has Marriott International, Inc. (NYSE: MAR) been as fully focused on its core lodging management and franchise business as today, concluding the spin-off of its timeshare business. To complete the spin-off, equity shares of the new company, Marriott Vacations Worldwide Corporation (NYSE: VAC), are being distributed tax-free to Marriott International shareholders.