Marriott International will concentrate on its lodging management and franchise business. As the leading "pure-play" timeshare company, Marriott Vacations Worldwide will have a singular focus on its core business with exclusive rights to the and Ritz-Carlton brands in the timeshare industry.

I have a deep appreciation for what the Marriott Vacations Worldwide team has achieved over the last 27 years, and confidence in great things yet to come." The spin-off will be completed through a pro rata dividend of Marriott Vacations Worldwide common stock on common stock held by such shareholder on the record date.

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Fractional shares of Marriott Vacations Worldwide stock to which shareholders of record would otherwise be entitled will be aggregated and sold in the open market.

The resulting aggregate net proceeds of the sales will be distributed in a pro rata manner as cash payments to those shareholders of record who would otherwise have received fractional shares of Marriott Vacations Worldwide common stock. Cash received in lieu of fractional shares will, however, be taxable.

Whether you choose a well-appointed guest room or an elegant villa, you'll be thrilled with the stylish details and contemporary amenities that await you - from free Wi-Fi access to stunning beach, mountain or resort views.

Our villas showcase fully equipped kitchens and washer/dryers, as well as magnificent master suites with king beds and oversized tubs in the bathroom.

Once you've settled in, the best of Manhattan beckons: we're close to top destinations including Times Square, the Broadway theatre district, the shops of Fifth Avenue and Rockefeller Center.

After exploring the many sights and sounds of the city, ascend to our rooftop lounge and soak in iconic views of the Empire State Building.

During the rest of the year, other families enjoy the accommodation for their holidays, thereby sharing the cost of your holiday home.

Back to top While both help you to achieve your goal of fun and relaxation, Marriott Vacation Club resorts offer added space and amenities that help to make your holiday more comfortable for you and your family.

In simple terms, Holiday Ownership allows you to purchase your resort accommodation at a fraction of whole ownership costs.