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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. 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.
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. Starwood Files Form 10 in Planned Spin-Off of Vacation Ownership Business
Starwood Hotels & Resorts has reached a key milestone in the move to spin-off of its vacation ownership business into a separate publicly traded company. Starwood Vacation Ownership (SVO), which will be named Vistana Signature Experiences, Inc. upon completion of the spin-off transaction, has filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Comm
5. YTL Hotels Expands Partnership with TravelClick
YTL Hotels, which owns a collection of unique luxury hotels and resorts in Malaysia, Indonesia, Japan and beyond, has expanded its partnership with hospitality solutions provider TravelClick. The partnership will maximize transactions and drive revenue for ten of YTL's properties through the use of TravelClick's iHotelier suite of reservations solutions.
6. Alitalia Partners Lavazza
Alitalia has signed a three-year partnership deal with Lavazza, a coffee manufacturer with a global reputation. Instant coffee, made from a blend of 100% Arabica beans, will be available to all passengers on the airlines 147 routes. Business Class passengers on long-haul flights will also be able to choose special coffees from three different blends of espresso, in addition to dec
7. IHG Launches New Franchise Model in China
InterContinental Hotels Group has launched a new franchise model for its Holiday Inn Express brand in China. The new model, called Franchise Plus, has been specifically tailored for the Chinese market and provides owners with all of the benefits of operating a franchise model, but with additional benefits and features from IHGs managed model.
8. Japan Airlines to Codeshare with Alaska Airlines
Japan Airlines and Alaska Airlines have entered into a codeshare and FFP partnership which will provide customers with an enhanced network and more mileage earning opportunities between Japan and the U.S. Pacific Northwest. With Alaska Airlines' extensive operations across California, Oregon, Idaho and Washington, JAL customers will have more flight options and access to new cities

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