Vistana Signature Experiences, a former unit of Starwood Hotels & Resorts that was spun off and merged with a subsidiary of Interval Leisure Group in May, is marketing its first timeshare loan securitization under its new corporate structure.

 Vistana was a frequent issuer of bonds backed by timeshare loans under Starwood, though it has not come to market since 2012. Following the spinoff, Starwood licensed Vistana to design, build, manage, and maintain its existing and future vacation ownership resorts under the Westin and Sheraton brands. As a result, Vistana’s timeshare business has remained relatively unchanged, according to Fitch Ratings, which is rating the new deal.

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