Marriott Vacations Worldwide plans to issue a $250 million timeshare loan ABS, according to a Fitch Ratings presale report.

The deal, MVW Owner Trust 2013-1 is backed by pool of fixed-rate timeshare loans originated by Marriott Ownership Resorts. The structure will offer $223.7 million of ‘A’-rated, class A notes; and $26.3 million, ‘BBB’-rated, class B notes. Bank of America Merrill Lynch is lead manager on the deal.

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