Marriott International Subsidiary Files SEC Form 10 for Planned Spin - Off by Year -
End of Vacation Club Business Read More
BETHESDA, Md., June 28, 2011 / PRNewswire / — Marriott International, Inc. (NYSE: MAR) marked progress today toward the planned spin - off by year -
end of its vacation club business into a separate publicly traded company, announcing that its subsidiary, Marriott Vacations Worldwide Corporation, the new corporate name for the vacation club business upon spin - off, has filed an initial Form 10 Registration Statement («Form 10») with the U.S. Securities and Exchange Commission.
Marriott International Subsidiary Files SEC Form 10 for Planned Spin - Off by Year -
End of Vacation Club Business Read More
Not exact matches
The $ 20 million
of revenue reportability was driven by $ 9 million
of favorable revenue reportability in the first quarter
of 2011, due to year -
end 2010 sales associated with the launch
of the company's Marriott
Vacation Club Destinations program that were recognized during the first quarter
of 2011, and $ 11 million
of unfavorable revenue reportability in the current year quarter from strong contract sales growth that resulted in an increase in contract sales in rescission periods at the
end of the quarter.
At the
end of the summer
vacation, all three sections
of the
club hosted pre-season training to prepare for some tough matches ahead.
If she thinks about each event separately, then she will feel equally closer to the
end of her
vacation after each event (going to the musical and the baseball game will feel the same as going to the musical and the jazz
club).
This is not the first high -
end, private
club that they're a member
of, and it's not their first
vacation home,» general manager George Punoose recently told Business Insider.
The two Aruba Marriott
Vacation Club resorts sit at the northern
end of Palm Beach and, between them, take up a wide section
of sea front.