About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation expects to be the world's largest pure-play timeshare company upon its spin-off from Marriott International, Inc. Since entering the timeshare industry in 1984, Marriott earned its position as a leader and innovator in vacation ownership products. In late 2011, Marriott Vacations Worldwide is expected to be established as a separate, publicly traded entity focusing primarily on vacation ownership experiences. The new company expects to preserve high standards of excellence in serving its customers, investors and associates while maintaining a unique relationship to Marriott International, Inc. Marriott Vacations Worldwide will offer a diverse portfolio of quality products, programs and management expertise with more than 60 resorts and over 416,000 Owners and Members. Its brands include: Marriott Vacation Club, Grand Residences by Marriott and The Ritz-Carlton Destination Club.
Note on forward-looking statements: This press release contains "forward-looking statements" within the meaning of federal securities laws, including the information concerning possible or assumed future results of operations, business strategies, financing plans, potential growth opportunities, potential operating performance improvements, benefits resulting from the separation of Marriott International and Marriott Vacations Worldwide Corporation, and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including changes in market conditions; unanticipated developments that prevent, delay, alter the terms of, or otherwise negatively affect the planned spin-off of the timeshare segment, and other risk factors that Marriott Vacations Worldwide Corporation identifies in its Form 10 registration statement or that Marriott International, Inc. identifies in its most recent quarterly report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of September 13, 2011. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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