Marriott International announces plan to spin off timeshare business

Marriott International has announced plans to split the company’s businesses into two publicly traded companies, spinning off its timeshare operations and development business as a new independent company in late 2011.

The new company will focus on the timeshare business under the Marriott and Ritz-Carlton brands, whilst Marriott International will concentrate on the lodging management and franchise business.

Stephen P. Weisz, president of Marriott’s timeshare business, will become chief executive officer of the new company. “Our new company will be independent and the largest pure-play timeshare firm in the world,” he said.

Marriott International has assured Marriott Vacation Club owners and guests and The Ritz-Carlton Destination Club members that they should see no change in the branding or quality of their properties, services,A group of freshmen from the Sigma Phi fraternity plan a New Year’s Eve prank on a fellow student. When the stunt goes wrong, tragedy strikes. Four years later, the freshmen are seniors and preparing for their last New Year’s celebration upon a rented train. Unfortunately, a killer has made the way onto the train and is picking them off one by one. As the conductor Carne (Ben Johnson) and one of the perpetrators of the joke named Alana Maxwell (Jamie Lee Curtis) find more and more bodies, the mysterious masked killer could be anyone.

Directed by Roger Spottiswoode, Terror Train was met with negative reviews. Despite the criticism, the movie has gained a cult following and Jamie Lee Curtis’ success during this period of her career helped keep