Marriott anounces it will spinoff its timeshare division

Marriot will own 20% of new company and the top executives are all from Marriott. Many people have their opinion on this move, some pro and some con. Marriott feels this will be a great move to have seperate entities and comes on the heal of the new destiantion club points. Marriott has stated that the new points program has been a great success. I joined for the flexibilty. I think has long as Marriott has its name on the door, the quality and service will not change one bit!!
Here is the announcement

On February 14

lodging company and a timeshare company. Marriott Vacation Club International (MVCI) and its affiliates will remain

the exclusive developer of timeshare and fractional products for Marriott® and The Ritz-Carlton®, focused on

maximizing growth and development within this exciting industry. Marriott International will concentrate on its

global hotel management and franchise business. We believe this transaction will position MVCI to create new and

expanded offerings for you as Owners.

Most importantly, you should experience no changes in your ownership from this transaction. We will still operate

under the Marriott brand and continue to develop and manage to the same exacting standards that have made us the

recognized industry leader worldwide. You should see no impact in your service, resort experiences or usage options,

including access to benefits and lodging properties through the Marriott Rewards® program as a result of this transaction.

For more than 26 years, you have helped us create the finest and most extensive timeshare resort system in the

world. With the dramatic success of the new Marriott Vacation Club Destinations™ program, we have meaningfully

expanded your vacation options. As we enter this exciting new chapter, each and every MVCI associate looks forward to

continuing to create new and exciting vacation experiences for you, your family and friends for generations to come.

We thank you for being a loyal Marriott customer and we promise to continue to work hard to deliver the

“Unforgettable Experiences” that you have come to expect from us. We will continue to provide you with updates

of this transaction as the year progresses. Thank you for your continued support.