News & Announcements

Weil Advises Interval Leisure Group in Acquisition of Starwood Hotels and Resorts’ Vacation Ownership Business

Weil is advising Interval Leisure Group in its agreement with Starwood Hotels and Resorts Worldwide, Inc. under which a wholly owned subsidiary of Interval Leisure Group will acquire and then merge with and into Vistana Signature Experiences. The combination, which will follow completion of the planned spin-off of Vistana from Starwood announced on February 10, 2015, has a total value to Starwood of approximately $1.5 billion. The deal is subject to customary closing conditions.

Interval Leisure Group is a global provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. Vistana is a developer, marketer and manager of 22 high-end vacation ownership resorts with more than 220,000 owners and a world-class team of more than 5,000 associates. As a result of the proposed merger, the combined company will have a more diverse portfolio and a strengthened position as a leader in the vacation ownership industry with a portfolio of approximately 200 managed resorts encompassing over 500,000 owners.

The Weil team was led by M&A partner Michael Lubowitz and included Real Estate partners Nellie Camerik and Samuel Zylberberg; Environmental head Annemargaret Connolly; Tax partner Mark Hoenig; Executive Compensation & Benefits head Paul Wessel; Securities Litigation co-head Joseph Allerhand; Complex Commercial Litigation partner Robert Berezin; International Arbitration & Trade partner Ted Posner; Real Estate counsel Elliot Ganchrow; Environmental counsel Matthew Morton; Antitrust counsel Vadim Brusser; Litigation counsel Adam Safwat; Employment Litigation counsel Lawrence Baer; Regulatory counsel John O'Loughlin; Capital Markets counsel Barbra Broudy; M&A associates Renee Pristas, Sean Devaney, Michelle Sargent and Robert Cohen (not yet admitted); Technology & IP Transactions associate Adrian Perry; Tax associate Scott Fryman; Executive Compensation & Benefits associates Steven Einhorn and Franny Glick (not yet admitted); Securities Litigation associate Andrew Blumberg (not yet admitted); and Employment Litigation associate Kiira Johal.