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Starwood taking a $362million write down..

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  • #1

    Starwood taking a $362million write down..

    Starwood Takes Its Lumps in Time-Shares - Developments - WSJ


    .......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.........
    my travel website: Vacation-Times.org.

    "A vacation is what you take when you can no longer take what you’ve been taking."
    ~Earl Wilson
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  • #2
    Wow.....I thought I had read that timeshares was actually helping save them.
    "If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed."
    -- Thomas Jefferson to Col. Yancey, 1816

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