Interval Leisure Cmn (IILG) 16.60 $IILG
Interval Leisure Group and Starwood Hotels & Resorts Worldwide Provide Update on Stockholder Tax Matters Related to Acquisition of Vistana Signature Experiences
BusinessWire - Tue Jun 21, 7:55AM CDT
Interval Leisure Group, Inc. (NASDAQ: IILG) ("ILG"
and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood", today announced that in connection with ILG's acquisition of Vistana Signature Experiences, Inc. ("Vistana" immediately after the spin-off of Vistana from Starwood on May 11, 2016, ILG has entered into a closing agreement, dated June 15, 2016, with the Internal Revenue Service concluding that (i) the Vistana common stock received by Starwood common stockholders in the spin-off and acquired by ILG in the acquisition is considered regularly traded on an established securities market for purposes of Sections 897 and 1445 of the Internal Revenue Code (collectively, "FIRPTA" and (ii) no withholding was required by ILG under FIRPTA on the transfer of ILG common stock to Starwood common stockholders as part of the acquisition. Based on the foregoing, Starwood and ILG believe that any gain realized on the exchange of Vistana common stock for ILG common stock in the acquisition by a non-U.S. holder who is treated for tax purposes as having owned 5% or less of the stock of each of Starwood and Vistana between and including March 28, 2016 (the record date for the spin-off) and May 11, 2016 should not be subject to tax under FIRPTA. Stockholders should consult their tax advisors as to the particular tax consequences to them of the transactions.
IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Interval Leisure Group to Participate in Four Investor Conferences in June
BusinessWire - Thu Jun 02, 3:51PM CDT
Interval Leisure Group (Nasdaq: IILG) today announced that Craig M. Nash, chairman, president, and CEO; William Harvey, CFO; and Lily Arteaga, vice president of investor relations, will be participating in four investor conferences during the month of June.
IILG: 16.60 (+0.13)
Today's Pre-Market Technical Breakdown Focuses on Key Business Services Stocks
ACCESSWIRE - Tue May 31, 8:15AM CDT
LONDON, UK / ACCESSWIRE / May 31, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Interval Leisure, Global Payments, Verisk Analytics, and Advisory Board.
VRSK: 83.40 (+1.55), GPN: 73.54 (+1.74), ABCO: 37.42 (+1.52), IILG: 16.60 (+0.13)
Newly Established Shanghai Xihong Vacation Club in Northeastern China Affiliates with Interval International
BusinessWire - Tue May 24, 3:05PM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), welcomes to its global exchange network the Shanghai Xihong Vacation Club in the resort city of Yantai in northeastern China. The club's first property has 24 two-bedroom units housed in the Best Western Yantai, a mixed-used complex with a quality hotel, full-ownership residential units, and commercial offices.
IILG: 16.60 (+0.13)
Interval Leisure Group Increases Authorized Share Repurchase Program
BusinessWire - Mon May 16, 8:00AM CDT
Interval Leisure Group, Inc. (Nasdaq: IILG) ("ILG" today announced that its Board of Directors has increased its authorized stock repurchase program to enable ILG to purchase up to a total of $100 million of its common stock. Previously, ILG had an authorization of $25 million.
IILG: 16.60 (+0.13)
Interval Leisure Group Announces Appointment of Four Board Members Following Closing of Vistana Acquistion
BusinessWire - Thu May 12, 5:40AM CDT
Interval Leisure Group, Inc. (Nasdaq: IILG) ( "ILG" today announced the appointment of Lizanne Galbreath, Stephen R. Quazzo, Sergio D. Rivera, and Thomas O. Ryder to its board of directors in connection with the closing of ILG's acquisition of Vistana Signature Experiences, Inc. ("Vistana" from Starwood Hotels & Resorts Worldwide, Inc. ("Starwood" on May 11, 2016. These Starwood-designated directors expand the total size of the board to 13 directors, 11 of whom are independent.
IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Interval Leisure posts 1Q profit
Automated Insights - Mon May 09, 4:32PM CDT
MIAMI (AP) _ Interval Leisure Group Inc. (IILG) on Monday reported first-quarter profit of $22.2 million.
IILG: 16.60 (+0.13), IILGV: 14.01 (-0.15)
Interval Leisure Group Reports First Quarter 2016 Results
BusinessWire - Mon May 09, 3:05PM CDT
Interval Leisure Group (Nasdaq: IILG) ("ILG" today announced results for the three months ended March 31, 2016.
IILG: 16.60 (+0.13)
Interval Leisure Group and Starwood Hotels & Resorts Worldwide Provide Update on Stockholder Tax Matters and Closing of Acquisition of Vistana Signature Experiences
BusinessWire - Mon May 09, 3:02PM CDT
Interval Leisure Group, Inc. (Nasdaq: IILG) ("ILG" and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood" today announced that they 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 ILG's upcoming acquisition of Starwood's vacation ownership business, Vistana Signature Experiences, Inc. ("Vistana". In addition, the parties are working with the Internal Revenue Service to confirm that any gain realized by a non-U.S. holder that is treated for tax purposes as owning 5% or less of the stock of Starwood and Vistana between and including the record date and the closing date will not be subject to FIRPTA tax on the disposition of Vistana stock in the transaction. Shareholders should consult their tax advisors as to the particular tax consequences to them of the transactions.
IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Caribbean Vacation Club at Turtle Cove Inn and Residences in Turks and Caicos Affiliates with Interval International
BusinessWire - Wed May 04, 6:00AM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the addition of Caribbean Vacation Club at Turtle Cove Inn and Residences, a vacation ownership property located in Providenciales, one of Turks and Caicos' seven main islands.
IILG: 16.60 (+0.13)
Interval International Signs Exclusive Club Affiliation Agreement with Yunnan Cloudreams Hotel Management
BusinessWire - Tue May 03, 6:00AM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Yunnan Cloudreams Hotel Management, a subsidiary of Kunming City-Construction Real Estate Development Co. Ltd., announced an exclusive, multi-site club affiliation agreement. This currently encompasses three resorts in the Cloudreams Vacation Club: Pullman Lijiang Resort and Spa, Angsana Fuxian Lake, and Cloud Hotel Luoping, all in Yunnan province in southern China. Future properties developed over the term of the agreement will be included, as well.
IILG: 16.60 (+0.13)
Interval International Marks 40th Anniversary as Shared Ownership Industry Leader
BusinessWire - Mon May 02, 10:02AM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), is celebrating 40 years of growth, innovation, and superior service.
IILG: 16.60 (+0.13)
Interval Leisure Group and Starwood Hotels and Resorts Worldwide Provide Update on Acquisition of Vistana Signature Experiences
BusinessWire - Fri Apr 29, 6:41PM CDT
Interval Leisure Group, Inc. (Nasdaq:IILG) ("ILG" and Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) ("Starwood" today announced a brief delay in the planned closing of ILG's acquisition of Starwood's vacation ownership business, Vistana Signature Experiences ("Vistana", while both companies work to avoid unnecessary tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), as discussed in Starwood's and ILG's Current Reports on Form 8-K, which were filed with the U.S. Securities and Exchange Commission on April 19, 2016. The companies are working to finalize the procedures to identify which shareholders are properly subject to this withholding.
IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
La Boca Casa Resort Selects Vacation Resorts International to Provide Management Services
BusinessWire - Wed Apr 27, 3:06PM CDT
Vacation Resorts International (VRI), a provider of management and leisure services to vacation owners and an operating business of Interval Leisure Group (Nasdaq: IILG), announced that it has entered into a property management agreement with La Boca Casa Resort located in Boca Raton in the heart of Florida's Gold Coast, on the Atlantic Ocean.
IILG: 16.60 (+0.13)
Interval Leisure Group to Announce First Quarter 2016 Financial Results and Host Conference Call on May 9, 2016
BusinessWire - Mon Apr 25, 3:30PM CDT
Interval Leisure Group (NASDAQ: IILG) will release its first quarter 2016 financial results after the market closes on Monday, May 9, 2016. Interval Leisure Group will also host a related conference call beginning at 4:30 p.m. ET that same day, accessible via telephone and the Internet.
IILG: 16.60 (+0.13)
Ohia Waikiki Hotel Completes Renovations and Joins Aqua Brand
BusinessWire - Mon Apr 25, 3:18PM CDT
Aqua-Aston Hospitality, an operating business of Interval Leisure Group (Nasdaq: IILG), announced the completion of renovations to the Aqua Ohia Waikiki. With the extensive upgrades to its guest rooms and public spaces, the property joins the popular Aqua Hotels & Resorts portfolio.
IILG: 16.60 (+0.13)
Interval Leisure Group Announces Stockholder Approval in Connection with Acquisition of Vistana Signature Experiences
BusinessWire - Wed Apr 20, 3:18PM CDT
Interval Leisure Group (Nasdaq: IILG) ("ILG" announced today that at a special meeting of stockholders of ILG, the proposal necessary for the acquisition of Vistana Signature Experiences, Inc. ("Vistana", the vacation ownership business of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood", through a merger of Vistana with a wholly-owned subsidiary of ILG (the "Merger" immediately following the spin-off of Vistana from Starwood (the "Spin-Off", was approved. Over 95 percent of the total votes cast by holders of ILG common stock present in person or represented by proxy at the meeting, representing over 92 percent of outstanding shares, voted in favor of the proposal to issue shares of ILG common stock in connection with the Merger.
IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Starwood's Takeover Takes a New Turn: Anbang Drops Out
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 3:40PM CDT
Starwood Hotels announced that a consortium of companies headed by Chinese insurer Anbang Insurance Group Co., Ltd. has withdrawn its proposal to acquire Starwood.
SNOW: 13.94 (+0.05), IILG: 16.60 (+0.13), MAR: 69.85 (+1.49), HOT: 76.70 (+1.16)
Starwood Hotels & Resorts Announces Anbang Consortium Has Withdrawn Offer
BusinessWire - Thu Mar 31, 5:29PM CDT
--Values Starwood at $77.94 Per Share or $13.3 Billion; Total Per Share Value of $84.07 With Separate ILG Transaction Consideration
IILG: 16.60 (+0.13), MAR: 69.85 (+1.49), HOT: 76.70 (+1.16)
Starwood Hotels & Resorts Board of Directors Determines Revised Proposal from Consortium Consisting of Anbang Insurance Group, J.C. Flowers and Primavera Capital is Reasonably Likely to Lead to a "Superior Proposal"
BusinessWire - Mon Mar 28, 8:15AM CDT
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood" today announced that its Board of Directors, in consultation with its legal and financial advisors, determined that a revised, non-binding proposal from a consortium consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited (the "Consortium" is reasonably likely to lead to a "Superior Proposal" as defined in Starwood's merger agreement with Marriott International, Inc. (NASDAQ: MAR) ("Marriott".
IILG: 16.60 (+0.13), MAR: 69.85 (+1.49), HOT: 76.70 (+1.16)
Interval Leisure Group and Starwood Hotels & Resorts Worldwide Provide Update on Stockholder Tax Matters Related to Acquisition of Vistana Signature Experiences
BusinessWire - Tue Jun 21, 7:55AM CDT
Interval Leisure Group, Inc. (NASDAQ: IILG) ("ILG"
and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood", today announced that in connection with ILG's acquisition of Vistana Signature Experiences, Inc. ("Vistana" immediately after the spin-off of Vistana from Starwood on May 11, 2016, ILG has entered into a closing agreement, dated June 15, 2016, with the Internal Revenue Service concluding that (i) the Vistana common stock received by Starwood common stockholders in the spin-off and acquired by ILG in the acquisition is considered regularly traded on an established securities market for purposes of Sections 897 and 1445 of the Internal Revenue Code (collectively, "FIRPTA" and (ii) no withholding was required by ILG under FIRPTA on the transfer of ILG common stock to Starwood common stockholders as part of the acquisition. Based on the foregoing, Starwood and ILG believe that any gain realized on the exchange of Vistana common stock for ILG common stock in the acquisition by a non-U.S. holder who is treated for tax purposes as having owned 5% or less of the stock of each of Starwood and Vistana between and including March 28, 2016 (the record date for the spin-off) and May 11, 2016 should not be subject to tax under FIRPTA. Stockholders should consult their tax advisors as to the particular tax consequences to them of the transactions. IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Interval Leisure Group to Participate in Four Investor Conferences in June
BusinessWire - Thu Jun 02, 3:51PM CDT
Interval Leisure Group (Nasdaq: IILG) today announced that Craig M. Nash, chairman, president, and CEO; William Harvey, CFO; and Lily Arteaga, vice president of investor relations, will be participating in four investor conferences during the month of June.
IILG: 16.60 (+0.13)
Today's Pre-Market Technical Breakdown Focuses on Key Business Services Stocks
ACCESSWIRE - Tue May 31, 8:15AM CDT
LONDON, UK / ACCESSWIRE / May 31, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Interval Leisure, Global Payments, Verisk Analytics, and Advisory Board.
VRSK: 83.40 (+1.55), GPN: 73.54 (+1.74), ABCO: 37.42 (+1.52), IILG: 16.60 (+0.13)
Newly Established Shanghai Xihong Vacation Club in Northeastern China Affiliates with Interval International
BusinessWire - Tue May 24, 3:05PM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), welcomes to its global exchange network the Shanghai Xihong Vacation Club in the resort city of Yantai in northeastern China. The club's first property has 24 two-bedroom units housed in the Best Western Yantai, a mixed-used complex with a quality hotel, full-ownership residential units, and commercial offices.
IILG: 16.60 (+0.13)
Interval Leisure Group Increases Authorized Share Repurchase Program
BusinessWire - Mon May 16, 8:00AM CDT
Interval Leisure Group, Inc. (Nasdaq: IILG) ("ILG"
today announced that its Board of Directors has increased its authorized stock repurchase program to enable ILG to purchase up to a total of $100 million of its common stock. Previously, ILG had an authorization of $25 million. IILG: 16.60 (+0.13)
Interval Leisure Group Announces Appointment of Four Board Members Following Closing of Vistana Acquistion
BusinessWire - Thu May 12, 5:40AM CDT
Interval Leisure Group, Inc. (Nasdaq: IILG) ( "ILG"
today announced the appointment of Lizanne Galbreath, Stephen R. Quazzo, Sergio D. Rivera, and Thomas O. Ryder to its board of directors in connection with the closing of ILG's acquisition of Vistana Signature Experiences, Inc. ("Vistana" from Starwood Hotels & Resorts Worldwide, Inc. ("Starwood" on May 11, 2016. These Starwood-designated directors expand the total size of the board to 13 directors, 11 of whom are independent. IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Interval Leisure posts 1Q profit
Automated Insights - Mon May 09, 4:32PM CDT
MIAMI (AP) _ Interval Leisure Group Inc. (IILG) on Monday reported first-quarter profit of $22.2 million.
IILG: 16.60 (+0.13), IILGV: 14.01 (-0.15)
Interval Leisure Group Reports First Quarter 2016 Results
BusinessWire - Mon May 09, 3:05PM CDT
Interval Leisure Group (Nasdaq: IILG) ("ILG"
today announced results for the three months ended March 31, 2016. IILG: 16.60 (+0.13)
Interval Leisure Group and Starwood Hotels & Resorts Worldwide Provide Update on Stockholder Tax Matters and Closing of Acquisition of Vistana Signature Experiences
BusinessWire - Mon May 09, 3:02PM CDT
Interval Leisure Group, Inc. (Nasdaq: IILG) ("ILG"
and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood" today announced that they 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 ILG's upcoming acquisition of Starwood's vacation ownership business, Vistana Signature Experiences, Inc. ("Vistana". In addition, the parties are working with the Internal Revenue Service to confirm that any gain realized by a non-U.S. holder that is treated for tax purposes as owning 5% or less of the stock of Starwood and Vistana between and including the record date and the closing date will not be subject to FIRPTA tax on the disposition of Vistana stock in the transaction. Shareholders should consult their tax advisors as to the particular tax consequences to them of the transactions. IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Caribbean Vacation Club at Turtle Cove Inn and Residences in Turks and Caicos Affiliates with Interval International
BusinessWire - Wed May 04, 6:00AM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the addition of Caribbean Vacation Club at Turtle Cove Inn and Residences, a vacation ownership property located in Providenciales, one of Turks and Caicos' seven main islands.
IILG: 16.60 (+0.13)
Interval International Signs Exclusive Club Affiliation Agreement with Yunnan Cloudreams Hotel Management
BusinessWire - Tue May 03, 6:00AM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Yunnan Cloudreams Hotel Management, a subsidiary of Kunming City-Construction Real Estate Development Co. Ltd., announced an exclusive, multi-site club affiliation agreement. This currently encompasses three resorts in the Cloudreams Vacation Club: Pullman Lijiang Resort and Spa, Angsana Fuxian Lake, and Cloud Hotel Luoping, all in Yunnan province in southern China. Future properties developed over the term of the agreement will be included, as well.
IILG: 16.60 (+0.13)
Interval International Marks 40th Anniversary as Shared Ownership Industry Leader
BusinessWire - Mon May 02, 10:02AM CDT
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), is celebrating 40 years of growth, innovation, and superior service.
IILG: 16.60 (+0.13)
Interval Leisure Group and Starwood Hotels and Resorts Worldwide Provide Update on Acquisition of Vistana Signature Experiences
BusinessWire - Fri Apr 29, 6:41PM CDT
Interval Leisure Group, Inc. (Nasdaq:IILG) ("ILG"
and Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) ("Starwood" today announced a brief delay in the planned closing of ILG's acquisition of Starwood's vacation ownership business, Vistana Signature Experiences ("Vistana", while both companies work to avoid unnecessary tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), as discussed in Starwood's and ILG's Current Reports on Form 8-K, which were filed with the U.S. Securities and Exchange Commission on April 19, 2016. The companies are working to finalize the procedures to identify which shareholders are properly subject to this withholding. IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
La Boca Casa Resort Selects Vacation Resorts International to Provide Management Services
BusinessWire - Wed Apr 27, 3:06PM CDT
Vacation Resorts International (VRI), a provider of management and leisure services to vacation owners and an operating business of Interval Leisure Group (Nasdaq: IILG), announced that it has entered into a property management agreement with La Boca Casa Resort located in Boca Raton in the heart of Florida's Gold Coast, on the Atlantic Ocean.
IILG: 16.60 (+0.13)
Interval Leisure Group to Announce First Quarter 2016 Financial Results and Host Conference Call on May 9, 2016
BusinessWire - Mon Apr 25, 3:30PM CDT
Interval Leisure Group (NASDAQ: IILG) will release its first quarter 2016 financial results after the market closes on Monday, May 9, 2016. Interval Leisure Group will also host a related conference call beginning at 4:30 p.m. ET that same day, accessible via telephone and the Internet.
IILG: 16.60 (+0.13)
Ohia Waikiki Hotel Completes Renovations and Joins Aqua Brand
BusinessWire - Mon Apr 25, 3:18PM CDT
Aqua-Aston Hospitality, an operating business of Interval Leisure Group (Nasdaq: IILG), announced the completion of renovations to the Aqua Ohia Waikiki. With the extensive upgrades to its guest rooms and public spaces, the property joins the popular Aqua Hotels & Resorts portfolio.
IILG: 16.60 (+0.13)
Interval Leisure Group Announces Stockholder Approval in Connection with Acquisition of Vistana Signature Experiences
BusinessWire - Wed Apr 20, 3:18PM CDT
Interval Leisure Group (Nasdaq: IILG) ("ILG"
announced today that at a special meeting of stockholders of ILG, the proposal necessary for the acquisition of Vistana Signature Experiences, Inc. ("Vistana", the vacation ownership business of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood", through a merger of Vistana with a wholly-owned subsidiary of ILG (the "Merger" immediately following the spin-off of Vistana from Starwood (the "Spin-Off", was approved. Over 95 percent of the total votes cast by holders of ILG common stock present in person or represented by proxy at the meeting, representing over 92 percent of outstanding shares, voted in favor of the proposal to issue shares of ILG common stock in connection with the Merger. IILG: 16.60 (+0.13), HOT: 76.70 (+1.16)
Starwood's Takeover Takes a New Turn: Anbang Drops Out
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 3:40PM CDT
Starwood Hotels announced that a consortium of companies headed by Chinese insurer Anbang Insurance Group Co., Ltd. has withdrawn its proposal to acquire Starwood.
SNOW: 13.94 (+0.05), IILG: 16.60 (+0.13), MAR: 69.85 (+1.49), HOT: 76.70 (+1.16)
Starwood Hotels & Resorts Announces Anbang Consortium Has Withdrawn Offer
BusinessWire - Thu Mar 31, 5:29PM CDT
--Values Starwood at $77.94 Per Share or $13.3 Billion; Total Per Share Value of $84.07 With Separate ILG Transaction Consideration
IILG: 16.60 (+0.13), MAR: 69.85 (+1.49), HOT: 76.70 (+1.16)
Starwood Hotels & Resorts Board of Directors Determines Revised Proposal from Consortium Consisting of Anbang Insurance Group, J.C. Flowers and Primavera Capital is Reasonably Likely to Lead to a "Superior Proposal"
BusinessWire - Mon Mar 28, 8:15AM CDT
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood"
today announced that its Board of Directors, in consultation with its legal and financial advisors, determined that a revised, non-binding proposal from a consortium consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited (the "Consortium" is reasonably likely to lead to a "Superior Proposal" as defined in Starwood's merger agreement with Marriott International, Inc. (NASDAQ: MAR) ("Marriott". IILG: 16.60 (+0.13), MAR: 69.85 (+1.49), HOT: 76.70 (+1.16)
