Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation Announces Fourth Quarter Earnings Release and Conference Call

Retrieved on: 
Wednesday, January 18, 2023
Vacation, Other Travel, Lodging, Destinations, Travel, Marriott Vacations Worldwide Corporation, VAC, ID, NYSE

Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the fourth quarter 2022 after the market closes on Wednesday, February 22.

Key Points: 
  • Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the fourth quarter 2022 after the market closes on Wednesday, February 22.
  • A conference call will follow at 8:30 a.m.
  • A live webcast of the call will also be available in the Investor Relations section of the Company's website at ir.mvwc.com .
  • An audio replay of the conference call will be available at ir.mvwc.com from 10 a.m. on February 24 until 10 p.m. on March 23.

Marriott Vacations Worldwide Adds Stephanie Sobeck Butera to its Executive Leadership Team With Her Promotion to Executive Vice President & Chief Operating Officer of Hyatt Vacation Ownership

Retrieved on: 
Thursday, January 5, 2023
Vacation, Other Travel, Lodging, Destinations, Travel, VAC, Albright College, Cornell University, Executive, Marriott Vacation Club, Marriott Vacations Worldwide Corporation, Timeshare, Asset management, Multimedia, MVW, Acquisition, NYSE, Marriott International, Hospitality, Acosta Sales & Marketing, Swiss Institute for Management and Hospitality, Welk Resort Group, HVO, Vacation, Senior, Marketing, Welk, Hotel, Management

Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) today announced the promotion of Stephanie Sobeck Butera to the position of Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership (HVO).

Key Points: 
  • Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) today announced the promotion of Stephanie Sobeck Butera to the position of Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership (HVO).
  • Ms. Butera has spent nearly 25 years in the industry developing, operating, and leading mid and upscale leisure products and customer service strategies.
  • View the full release here: https://www.businesswire.com/news/home/20230105005334/en/
    Stephanie Sobeck Butera has been named Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership.
  • (Photo: Business Wire)
    Ms. Butera joined Marriott Vacation Club International, a division of Marriott International, in 1999 and began a quick rise in leadership roles at the Company.

Marriott Vacations Worldwide Creates Endowed Scholarship to Support Future Generations of Leaders at University of Central Florida Rosen College of Hospitality Management

Retrieved on: 
Tuesday, December 13, 2022
Education, Other Travel, Vacation, Lodging, Destinations, Travel, University, Travel, Faculty, MVW, Heart, Retirement, Certification, Rosen College of Hospitality Management, EVP, Cornell University, Autumn, Digital, NYSE, Deccan College of Medical Sciences, Marriott Vacations Worldwide Corporation, University, Hospitality, UCF, Multimedia, Hyatt, Growth, Tourism, United, Central Florida, Marketing, Achievement Medal, Corporate Affairs, VAC, Hospitality management studies, Student, Hotel, Management, Medicine, Tutoring, Education, Other Travel, Vacation, Lodging, Destinations, Travel, University

Marriott Vacations Worldwide (MVW) has established The Stephen P. Weisz Endowed Scholarship for Hospitality Management, which will support students at the UCF Rosen College of Hospitality Management.

Key Points: 
  • Marriott Vacations Worldwide (MVW) has established The Stephen P. Weisz Endowed Scholarship for Hospitality Management, which will support students at the UCF Rosen College of Hospitality Management.
  • This scholarship serves to honor his legacy and service by supporting the growth and development of future hospitality leaders for generations to come.
  • We are honored by this generous gift from Marriott Vacations Worldwide in support of our students and their aspirational goals to be the future leaders of the hospitality industry, said Youcheng Wang, dean of Rosen College.
  • UCF Rosen College of Hospitality Management located in Orlando, Florida, offers students an unrivaled opportunity to learn and work in the heart of hospitality.

Marriott Vacations Worldwide Announces Pricing of Convertible Senior Notes

Retrieved on: 
Tuesday, December 6, 2022
Vacation, Other Travel, Lodging, Destinations, Travel, Travel, Security (finance), Person, Observation, SEC Rule 144A, Communication, Sale, Finance Secretary (India), Annual report, NYSE, Marriott Vacations Worldwide Corporation, COVID-19, Interest, Offering, Senior, Vaccine, Hyatt, Hedge, New York Stock Exchange, Marketing, Health, VAC, Note

The offering of the Notes, and the convertible hedge and warrant transactions described below, are expected to close on December 8, 2022, subject to customary closing conditions.

Key Points: 
  • The offering of the Notes, and the convertible hedge and warrant transactions described below, are expected to close on December 8, 2022, subject to customary closing conditions.
  • This press release does not constitute a notice of redemption with respect to the 2025 Secured Notes.
  • The Notes will be the Companys senior unsecured obligations and guaranteed on a senior unsecured basis by Marriott Ownership Resorts, Inc. and each of the Companys subsidiaries that guarantees the Companys existing corporate credit facility and senior notes.
  • Marriott Vacations Worldwide Corporation (NYSE: VAC) is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services.

Marriott Vacations Worldwide Announces Offering of Convertible Senior Notes

Retrieved on: 
Monday, December 5, 2022
Lodging, Destinations, Travel, Vacation, Travel, Security (finance), Person, Observation, SEC Rule 144A, Communication, Sale, Annual report, NYSE, Marriott Vacations Worldwide Corporation, COVID-19, Offering, Senior, Vaccine, Hyatt, Marketing, Health, VAC, Share repurchase, Note

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the Company, we or our) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of convertible senior notes due 2027 (the Notes) in a private offering (the Offering) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • Marriott Vacations Worldwide Corporation (NYSE: VAC) (the Company, we or our) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of convertible senior notes due 2027 (the Notes) in a private offering (the Offering) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
  • This press release does not constitute a notice of redemption with respect to the 2025 Secured Notes.
  • The Notes will be the Companys senior unsecured obligations and guaranteed on a senior unsecured basis by Marriott Ownership Resorts, Inc. and each of the Companys subsidiaries that guarantees the Companys existing corporate credit facility and senior notes.
  • The interest rate, the initial conversion rate and the other terms of the Notes will be determined by negotiations between the Company and the Initial Purchasers of the Notes.

Marriott Vacations Worldwide Corporation Announces Increased Quarterly Cash Dividend

Retrieved on: 
Thursday, December 1, 2022
Vacation, Other Travel, Lodging, Destinations, Travel, NYSE, Marriott Vacations Worldwide Corporation, Marketing, Hyatt, VAC, Holding company, Hotel

Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock, an increase of 16% over the Companys prior dividend.

Key Points: 
  • Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock, an increase of 16% over the Companys prior dividend.
  • We are pleased that our Board of Directors approved an increase in our quarterly dividend, said Stephen P. Weisz, chief executive officer.
  • Todays announcement reflects the confidence in the resiliency of our business model, the strength of our cash flows and belief in our future growth.
  • Marriott Vacations Worldwide Corporation (NYSE:VAC) is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services.

Greenberg Traurig Named 2022 New Jersey Litigation Department of the Year by The American Lawyer

Retrieved on: 
Friday, November 18, 2022
Consolidated Edison, Whole Foods Market, Marriott Vacations Worldwide Corporation, NLJ, Greenberg Traurig, Center for Resource Solutions, Lawsuit, British Construction Industry Awards, The American Lawyer, Lawyer, Employment, United States Court of Appeals for the Second Circuit, AM, ALM, Philippine Senate Committee on Labor, Employment and Human Resources Development, Financial Times and McKinsey Business Book of the Year Award, ALM (company), Kaplan, New Jersey Office of Homeland Security and Preparedness, LLP, Samsung, S7, Real estate, Labour, Garden State, Intellectual property, Multisite-specific tRNA:(cytosine-C5)-methyltransferase, Ritz-Carlton Club and Residences, Practice of law

FLORHAM PARK, N.J., Nov. 18, 2022 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP was named New Jersey Litigation Department of the Year at The American Lawyer (Am Law) Industry Awards held Nov. 10. Greenberg Traurig New Jersey, which recently celebrated its 20th anniversary, was recognized for litigation victories achieved for a wide range of clients.

Key Points: 
  • Global law firm Greenberg Traurig, LLP was named New Jersey Litigation Department of the Year at The American Lawyer (Am Law) Industry Awards held Nov. 10.
  • Greenberg Traurig New Jersey, which recently celebrated its 20th anniversary, was recognized for litigation victories achieved for a wide range of clients.
  • FLORHAM PARK, N.J., Nov. 18, 2022 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP was named New Jersey Litigation Department of the Year at The American Lawyer (Am Law) Industry Awards held Nov. 10.
  • Greenberg Traurig New Jersey, which recently celebrated its 20th anniversary, was recognized for litigation victories achieved for a wide range of clients.

Marriott Vacation Club Opens Newest Resort, Marriott’s Bali Nusa Dua Terrace

Retrieved on: 
Thursday, November 10, 2022
Women, Seniors, Men, Family, Other Entertainment, Consumer, Restaurant, Bar, Other Construction & Property, Commercial Building & Real Estate, Other Travel, Construction & Property, Retail, Vacation, Lodging, Parenting, Destinations, Travel, Millennials, Entertainment, Baby Boomers, Lifestyle, Pura, Espresso, Marriott Vacations Worldwide Corporation, Tripadvisor, Adult, NYSE, Art, Gold, Travel, Museum Pasifika, Ownership, Multimedia, Nusantara, Culture, Collection, Local food, Taste, Breakfast, SPA, Garden, Lunch, Industry, Timeshare, Vacation Club, Hotel, Amusement park, Nightclub, Marriott Vacation Club, Renaissance

Marriott Vacation Club a global industry leader in Vacation Ownership and brand of Marriott Vacations Worldwide (NYSE: VAC) announced today they have officially opened Marriotts Bali Nusa Dua Terrace.

Key Points: 
  • Marriott Vacation Club a global industry leader in Vacation Ownership and brand of Marriott Vacations Worldwide (NYSE: VAC) announced today they have officially opened Marriotts Bali Nusa Dua Terrace.
  • Tucked away in the tranquil community of Nusa Dua, Marriotts Bali Nusa Dua Terrace combines the best of vacation ownership and a lifestyle resort experience.
  • Owners and guests of Marriotts Bali Nusa Dua Terrace have full access to the shared amenities at the co-located Renaissance Bali Nusa Dua Resort .
  • Marriotts Bali Nusa Dua Terrace is the brands second Vacation Club property in Bali, joining Marriotts Bali Nusa Dua Gardens which opened in 2018.

Best Practice Institute announces the 2022 Top 100 US and U.K. Top 100 Most Loved Workplaces

Retrieved on: 
Friday, November 4, 2022
Workplace, Research, PALM, Bureau of Labor Statistics, Love, CHRO-TV, BPI, CEO, Glassdoor, Dell, Dell Technologies, Marriott Vacations Worldwide Corporation, A&E Networks, PerkinElmer, Chenming Paper, Laboratory of Comparative Human Cognition, Achievement, Chief executive officer, Virgin Atlantic, Solution, Management, Selfridges, Newsweek, Google

PALM BEACH GARDENS, Fla., Nov. 4, 2022 /PRNewswire-PRWeb/ -- The Best Practice Institute (BPI) has completed its 2022 Most Loved Workplace® certification program, culminating in the publication of America's Top 100 and the U.K.'s Top 100 Most Loved Workplace lists in Newsweek Magazine. Now going into its 3rd year, the annual program identifies the top companies where employees are happiest and most satisfied at work. The initiative will include a list of the top 100 Most Loved Workplaces, along with profiles of the winners, that will appear in an October issue of Newsweek, as well as other articles based on the research and ongoing conversations with CEOs and CHROs of the top companies.

Key Points: 
  • PALM BEACH GARDENS, Fla., Nov. 4, 2022 /PRNewswire-PRWeb/ -- The Best Practice Institute (BPI) has completed its 2022 Most Loved Workplace certification program , culminating in the publication of America's Top 100 and the U.K.'s Top 100 Most Loved Workplace lists in Newsweek Magazine.
  • "The companies on these lists represent the best at placing love at the center of their employee's experience," said Louis Carter, CEO, Best Practice Institute.
  • Best Practice Institute is an award-winning leadership and organization development center, benchmark research company, think tank, and solutions provider.
  • BPI's research proves that Most Loved Workplaces produce 3-4 times better customer service, employee performance, and retention than companies not loved by their employees.

WELL DESERVED RECOGNITION FOR A MEMBER OF THE TIMESHARE INDUSTRY: HOLIDAY INN CLUB VACATIONS BECOMES THE FIRST TIMESHARE BRAND HONORED FOR "OUTSTANDING CUSTOMER SERVICE" BY J.D. POWER

Retrieved on: 
Thursday, October 13, 2022
ARDA, Hilton Grand Vacations, Disney Vacation Club, HOAS, Consultant, Multimedia, Certification, J.D. Power, Industry, Association, CEO, Travel, Marriott Vacations Worldwide Corporation, Hotel, Westgate Resorts

One example is the recent recognition received by Holiday Inn Club Vacations Incorporated from J.D.

Key Points: 
  • One example is the recent recognition received by Holiday Inn Club Vacations Incorporated from J.D.
  • With receipt of the certification, Holiday Inn Club Vacations became the first company in the timeshare or vacation ownership industry to achieve the prestigious honor from J.D.
  • Holiday Inn Club Vacations' new distinction for customer service is indicative of what the American Resort Development Association (ARDA) has known about the timeshare industry all along.
  • "Our hats are off to Holiday Inn Club Vacations for being the first in the industry to receive this well-deserved honor from J.D.