Starwood Takes Its Lumps in Time-Shares « Manhattan Distressed …

Starwood Hotels and Resorts Worldwide Inc. on Thursday disclosed in its fourth-quarter earnings report that it is taking a $362 million write-down as it stops most of its construction of timeshare resorts . “Our [view of] the timeshare business was … What’s more, big timeshare developers like Starwood and Marriott haven’t been able to sell as many of the loans they originate into securitization as during the real-estate boom. Though it has stopped building timeshares for …

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Starwood Takes Its Lumps in Time-Shares « Manhattan Distressed …