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1. ILG and Starwood Provide FIRPTA Update on Vistana Acquisition.
Interval Leisure Group and Starwood Hotels & Resorts have concluded that no withholding of tax under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) is required with respect to ILG common stock received by any person in ILGs upcoming acquisition of Starwoods vacation ownership business, Vistana Signature Experiences.
2. Interval Appoints Sherif Khalil as VP Resort Sales and Business Development MENA
Interval International, a vacation services provider and an operating business of Interval Leisure Group, has appointed Sherif Khalil to vice president of resort sales and business development for Middle East and North Africa. Mr. Khalil reports to Darren Ettridge, senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia.
3. Brief Delay in Planned Closing of ILGs Acquisition of Vistana Signature Experiences
Interval Leisure Group and Starwood Hotels & Resorts have confirmed that there will be a brief delay in the planned closing of ILGs acquisition of Starwoods vacation ownership business, Vistana Signature Experiences. Both companies are working to avoid unnecessary tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), as discussed in Starwoods
4. Marriott to Acquire Starwood; Company Will Have Over 1.1 Million Rooms Across 30 Brands
The boards of directors of both Marriott International and Starwood Hotels & Resorts Worldwide have unanimously approved a definitive merger agreement under which the companies will create the worlds largest hotel company. Combined, the companies operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide. The combined companys pro forma fee revenue for the 12 mo
5. Starwood Notifies Marriott of Intention to Terminate Merger Agreement
Starwood Hotels & Resorts Board of Directors, in consultation with its legal and financial advisors, has determined that the revised binding and fully financed proposal from a consortium consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited, constitutes a Superior Proposal, as defined in Starwoods merger agreement with Marriott Interna
6. Starwood Unveils Details of its Vacation Ownership Business Spin-Off
Starwoods Board of Directors has set a record date of 28 March 2016, for the proposed spin-off of its vacation ownership business, Vistana Signature Experiences, Inc. Under the terms of the spin-off, Starwood will distribute all of its shares of Vistana to its stockholders of record as of the record date by means of a stock distribution.
7. Starwood Sells Luxury Collection Hotel in Salzburg, Austria
Starwood has sold the Hotel Goldener Hirsch, a Luxury Collection Hotel in Salzburg, Austria to companies of the WILD Group for 20M (approximately US$22 million). Starwood will continue to operate the hotel under a new long-term management agreement.
8. Marriott / Starwood Merger Back on Track
Marriott and Starwood Hotels & Resorts have signed an amendment to their merger agreement which would create the worlds largest hotel company. Under the terms of the amended merger agreement, Starwood shareholders will receive $21.00 in cash and 0.80 shares of Marriott International, Inc. Class A common stock for each share of Starwood Hotels & Resorts Worldwide, Inc. common stock

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