Marriott Vacation Club "Destinations" - What I Like and What I've Done

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Re: Marriott Vacation Club "Destinations" - What I Like and What I've Done (by Den):

chrisd59 wrote:
They might not be building because marriott has spun off that side of the company as they have all there ohter businesses, which means it was not a profitable business for them.

Actually, Marriott did a spin-off of Marriott Vacation Club last November and these shares trade under the VAC stock symbol. Judging from the way the stock has moved, the investing public has great hopes for the spin-off entity. The shares have ranged during the past year from $15.75 to a recent $39.35 per share.

There is some construction activity underway to build-out existing properties such as Grand Chateau in Las Vegas. Other properties slated for additional construction are in Palm Desert, Orlando, and Hawaii.