Latham Advises Starwood Hotels in Vistana Combination With ILG

Interval Leisure Group (Nasdaq:IILG) (“ILG”) and Starwood Hotels and Resorts Worldwide, Inc. (NYSE:HOT) (“Starwood”) have announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which a wholly owned subsidiary of ILG will merge with and into Vistana Signature Experiences (“Vistana”), Starwood’s vacation ownership business. As detailed in the company-issued press release below, the combination, which will follow completion of the planned spin-off of Vistana from Starwood announced on February 10, 2015, has a total value to Starwood of approximately $1.5 billion. The transaction is anticipated to close in the second quarter of 2016, subject to customary closing conditions.

Latham & Watkins LLP advised Starwood in this transaction with a deal team led by New York corporate partners Jennifer Perkins andTed Sonnenschein, Chicago finance partner Gary Axelrod, New York technology transactions counsel Carrie Girgenti and Washington D.C. capital markets partner Jason Licht, with corporate associates Kristin Mendoza, Edmond Parhami, Eric Kaufman, Jordan Klein and Ryan Post in New York and Jason Morelli and Usman Shakeel in Chicago; technology transactions associates Jessica Selby and Tiana Hertel in New York and Ghaith Mahmood and Aryeh Richmond in Los Angeles; and finance associates Jessica Munitz, Brad Ezard and William Hackett in Washington, D.C. and Zonia Medina in Chicago.