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Article: Starwood Vacation Ownership Acquires Land from Intrawest Corporation for a New Resort in Palm Desert, California.
- Article from:
- Business Wire
- Article date:
- June 26, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ORLANDO, Fla. -- Starwood Vacation Ownership (SVO), a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced it has finalized the acquisition of 28.7 acres in the established Desert Willow development from Intrawest Corporation (NYSE:IDR). Starwood Vacation Ownership will build a Westin-branded vacation ownership resort within the upscale Palm Desert, California development.
"We are excited to extend our presence in southern California with our second Westin-branded vacation ownership resort in the area. Desert Willow is a tremendous location in an important market which is a proven winner for high-end vacation ownership resorts," said ...
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