Document:

EX-4.7

 Exhibit 4.7 

FIRST SUPPLEMENTAL INDENTURE 

dated as of September 1, 2018 

among 
 MARRIOTT OWNERSHIP
RESORTS, INC. 
 ILG, LLC 
 THE
GUARANTORS PARTY HERETO 
 and 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Trustee 
 6.500% Senior Notes
due 2026 

 THIS FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered
into as of September 1, 2018, among MARRIOTT OWNERSHIP RESORTS, INC., a Delaware corporation (the “Issuer”), ILG, LLC, a Delaware limited liability company (the “Co-Issuer” and, together with the Issuer, the
“Issuers”), the Guarantors listed on Schedules I and II hereto (each an “Acquired Guarantor”) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “Trustee”). 

RECITALS 
 WHEREAS, in
contemplation of the ILG Acquisition, the Issuer, the Guarantors party thereto and the Trustee entered into an Indenture, dated as of August 23, 2018 (the “Indenture”), relating to the Issuer’s 6.500% Senior Notes due 2026
(the “Notes”); 
 WHEREAS, Marriott Vacations Worldwide Corporation may, subject to certain conditions, cause ILG or one of
its Wholly Owned Subsidiaries to become Co-Issuer of the Notes in connection with the consummation of the ILG Acquisition; 

WHEREAS, as a condition to the purchase of the Notes by the Holders, the Issuer agreed pursuant to the Indenture to cause any Restricted
Subsidiary (with certain exceptions) that guarantees certain indebtedness of any Issuer or any Guarantor following the Issue Date to provide a Note Guarantee. 

AGREEMENT 
 NOW, THEREFORE, in
consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows: 

Section 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture. 

Section 2. The Co-Issuer, by its execution of this Supplemental Indenture, agrees to be a Co-Issuer under the Indenture and to be bound by the terms of the Indenture applicable to Co-Issuers or the Issuers. 

Section 3. Each Acquired Guarantor, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to
be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof. 
 Section 4.
This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 
 Section 5. This
Supplemental Indenture may be signed in various counterparts which together shall constitute one and the same instrument. 
 Section 6.
This Supplemental Indenture is an amendment supplemental to the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read together. 

Section 7. The recitals and statements herein are deemed to be those of the Issuers and the Acquired Guarantors and not the Trustee. The
Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or the Guarantees provided by the Guarantors party to this Supplemental Indenture. 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

					
	MARRIOTT OWNERSHIP RESORTS, INC., as Issuer
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Vice President
	
	ILG, LLC, as Co-Issuer
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page to the Supplemental Indenture - New Notes] 

 
					
	THE GUARANTORS ON SCHEDULE I HERETO
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	INTERVAL ACQUISITION CORP.
	S.O.I. ACQUISITION CORP., as Guarantors
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	BEACH HOUSE DEVELOPMENT PARTNERSHIP, as Guarantor
		 	By: HTS-Beach House, Inc., its managing
		 	       venturer
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	CDP INVESTORS, L.P., as Guarantor
		 	By: CDP GP, Inc., its General Partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	CERROMAR DEVELOPMENT PARTNERS, L.P., 
	S.E., as Guarantor
		 	By: Cerromar Development Partners GP, Inc.,
		 	       its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President

 [Signature Page to the Supplemental Indenture - New Notes] 

 
					
	HTS-San Antonio, L.P., as Guarantor
		 	By: HTS-San Antonio, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	KEY WESTER LIMITED, as Guarantor
		 	By: HTS-KW, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	PELICAN LANDING TIMESHARE VENTURES LIMITED PARTNERSHIP, as Guarantor
		 	By: HTS-Coconut Point, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	VACATION OWNERSHIP LENDING, L.P., as Guarantor
		 	By: Vacation Ownership Lending GP, Inc., its
		 	       general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	VOL INVESTORS, L.P., as Guarantor
		 	By: VOL GP, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President

 [Signature Page to the Supplemental Indenture - New Notes] 

 
					
	AQUA HOSPITALITY LLC
	ASTON HOTELS & RESORTS FLORIDA, LLC
	ILG MANAGEMENT, LLC
	MAUI CONDO AND HOME, LLC
	RQI HOLDINGS, LLC,
		 	as Guarantors
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager
	
	 AQUA HOTELS & RESORTS, LLC

DIAMOND HEAD MANAGEMENT LLC
 HOTEL MANAGEMENT SERVICES
LLC
 KAI MANAGEMENT SERVICES LLC,

		 	as Guarantors
		 	By: Aqua Hospitality LLC, their Manager
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager
	
	AQUA LUANA OPERATOR LLC, as Guarantor
		 	By: Aqua Hospitality LLC, its Sole Member
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager
	
	AQUA HOTELS AND RESORTS OPERATOR LLC, as Guarantor
		 	 By: Aqua Hospitality LLC, its Managing

       Member

		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager

 [Signature Page to the Supplemental Indenture - New Notes] 

 
					
	FOH HOLDINGS, LLC, as Guarantor
		
	By:	 	 /s/ Angela K. Halladay

		 	Name:	 	Angela K. Halladay
		 	Title:	 	Assistant Secretary
	
	RESORT MANAGEMENT FINANCE SERVICES, INC., as Guarantor
		
	By:	 	 /s/ James H Hunter, IV

		 	Name:	 	James H Hunter, IV
		 	Title:	 	President
	
	AQUA-ASTON HOSPITALITY, LLC, as Guarantor
		
	By:	 	 /s/ Kelvin Bloom

		 	Name:	 	Kelvin Bloom
		 	Title:	 	Chief Executive Officer
	
	REP HOLDINGS, LTD., as Guarantor
		
	By:	 	 /s/ Kelvin Bloom

		 	Name:	 	Kelvin Bloom
		 	Title:	 	President

 [Signature Page to the Supplemental Indenture - New Notes] 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	 /s/ R. Tarnas

		 	Name: R. Tarnas
		 	Title: Vice President

 [Signature Page to the Supplemental Indenture - New Notes] 

 SCHEDULE I 

Aqua Hotels and Resorts, Inc. 
 Aqua-Aston Holdings, Inc. 

CDP GP, Inc. 
 Cerromar Development Partners GP, Inc. 

Coconut Plantation Partner, Inc. 
 Data Marketing Associates East,
Inc. 
 Flex Collection, LLC 
 FOH Hospitality, LLC 

Grand Aspen Holdings, LLC 
 Grand Aspen Lodging, LLC 

Hawaii Vacation Title Services, Inc. 
 HPC Developer, LLC 

HT-Highlands, Inc. 
 HTS-BC, L.L.C. 
 HTS-Beach House Partner, L.L.C. 

HTS-Beach House, Inc. 
 HTS-Coconut Point, Inc. 
 HTS-Ground Lake Tahoe, Inc. 

HTS-Key West, Inc. 
 HTS-KW, Inc. 
 HTS-Lake Tahoe, Inc. 

HTS-Loan Servicing, Inc. 

HTS-Main Street Station, Inc. 

HTS-Maui, L.L.C. 
 HTS-San Antonio, Inc. 
 HTS-San Antonio, L.L.C. 

HTS-Sedona, Inc. 
 HTS-Sunset Harbor Partner, L.L.C. 
 HTS-Windward Pointe Partner, L.L.C. 

HV Global Group, Inc. 
 HV Global Management Corporation 

HV Global Marketing Corporation 
 HVO Key West Holdings, LLC 

IIC Holdings, Incorporated 
 ILG Shared Ownership, Inc. 

Interval Holdings, Inc. 
 Interval International, Inc. 

Interval Resort & Financial Services, Inc. 
 Interval
Software Services, LLC 
 Kauai Blue, Inc. 
 Lagunamar Cancun
Mexico, Inc. 
 Management Acquisition Holdings, LLC 
 Resort
Sales Services, Inc. 
 Scottsdale Residence Club, Inc. 

Sheraton Flex Vacations, LLC 
 St. Regis New York Management, Inc.

 St. Regis Residence Club, New York Inc. 
 Vacation Ownership
Lending GP, Inc. 
 Vacation Title Services, Inc. 

 VCH Communications, Inc. 

VCH Consulting, Inc. 
 VCH Systems, Inc. 

Vistana Acceptance Corp. 
 Vistana Aventuras, Inc. 

Vistana Development, Inc. 
 Vistana Hawaii Management, Inc. 

Vistana Management, Inc. 
 Vistana MB Management, Inc. 

Vistana Portfolio Services, Inc. 
 Vistana PSL, Inc. 

Vistana Residential Management, Inc. 
 Vistana Signature
Experiences, Inc. 
 Vistana Signature Network, Inc. 
 Vistana
Vacation Ownership, Inc. 
 Vistana Vacation Realty, Inc. 

Vistana Vacation Services Hawaii, Inc. 
 VOL GP, Inc. 

VSE Development, Inc. 
 VSE East, Inc 

VSE Mexico Portfolio Services, Inc. 
 VSE Myrtle Beach, LLC 

VSE Pacific, Inc. 
 VSE Trademark, Inc. 

VSE Vistana Villages, Inc. 
 VSE West, Inc. 

Westin Sheraton Vacation Services, Inc. 
 Windward Pointe II,
L.L.C. 
 Worldwide Vacation & Travel, Inc. 
 WVC
Rancho Mirage, Inc. 

 SCHEDULE II 

Interval Acquisition Corp. 
 S.O.I. Acquisition Corp. 

Beach House Development Partnership 
 CDP Investors, L.P. 

Cerromar Development Partners, L.P., S.E. 
 HTS-San Antonio, L.P. 
 Key Wester Limited 

Pelican Landing Timeshare Ventures Limited Partnership 
 Vacation
Ownership Lending, L.P. 
 VOL Investors, L.P. 
 Aqua
Hospitality LLC 
 Aston Hotels & Resorts Florida, LLC 

ILG Management, LLC 
 Maui Condo and Home, LLC 

RQI Holdings, LLC 
 Aqua Hotels & Resorts, LLC 

Diamond Head Management LLC 
 Hotel Management Services LLC 

Kai Management Services LLC 
 Aqua Luana Operator LLC 

Aqua Hotels and Resorts Operator LLC 
 FOH Holdings, LLC 

Resort Management Finance Services, Inc. 
 Aqua-Aston
Hospitality, LLC 
 REP Holdings, Ltd.EX-4.8

 Exhibit 4.8 

JOINDER AGREEMENT 

September 1, 2018 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH 

          INCORPORATED 

As Representative of the Initial Purchasers 
 c/o
Merrill Lynch, Pierce, Fenner & Smith 
           Incorporated 

One Bryant Park 
 New York, New York 10036 

Ladies and Gentlemen: 
 Reference is hereby made
to the Registration Rights Agreement, dated as of August 23, 2018 (the “Registration Rights Agreement”), by and among Marriott Ownership Resorts, Inc., a Delaware corporation, the Guarantors party thereto, and Merrill
Lynch, Pierce, Fenner & Smith Incorporated, on behalf of itself and as representative of the several Initial Purchasers named in Schedule A to the Purchase Agreement (the “Representative”). Terms used herein and not
otherwise defined herein shall have the meanings given them in the Registration Rights Agreement. 
  

	 	1.	 Joinder of Additional Guarantors and the Co-Issuer. Each
signatory other than the Representative (each, an “Undersigned”) to this joinder agreement (this “Joinder Agreement”) hereby agrees to become bound by the terms, conditions, representations and
warranties, covenants and other provisions of the Registration Rights Agreement with all attendant rights, duties and obligations stated therein, with the same force and effect as if originally named as a “Guarantor” or an
“Issuer” therein, respectively, and as if such Undersigned executed the Registration Rights Agreement on the date thereof. 

  

	 	2.	 Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK. 

  

	 	3.	 Counterparts. This agreement may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

 

	 	4.	 Amendments. No amendment or waiver of any provision of this Joinder Agreement, nor any consent or
approval to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto. 

  

	 	5.	 Headings. The headings in this Joinder Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. 

 If the foregoing is in accordance with your understanding of our agreement, please indicate
your acceptance of this Joinder Agreement by signing in the space provided below, whereupon this Joinder Agreement and the Registration Rights Agreement will become binding agreements of the Undersigned party hereto in accordance with their terms.

  

					
	ILG, LLC, as Co-Issuer
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President and Chief
		 		 	Financial Officer

  
 [Signature Page to
Joinder to Registration Rights Agreement] 

 
					
	THE GUARANTORS ON SCHEDULE I HERETO
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	INTERVAL ACQUISITION CORP.
	S.O.I. ACQUISITION CORP., as Guarantors
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President and Chief
		 		 	Financial Officer
	
	BEACH HOUSE DEVELOPMENT PARTNERSHIP, as Guarantor
		 	By: HTS-Beach House, Inc., its managing venturer
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	CDP INVESTORS, L.P., as Guarantor
		 	By: CDP GP, Inc., its General Partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	CERROMAR DEVELOPMENT PARTNERS, L.P., 
	S.E., as Guarantor
		 	By: Cerromar Development Partners GP, Inc.,
		 	       its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President

  

  
 [Signature Page to
Joinder to Registration Rights Agreement] 

 
					
	HTS-San Antonio, L.P., as Guarantor
		 	By: HTS-San Antonio, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	KEY WESTER LIMITED, as Guarantor
		 	By: HTS-KW, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	PELICAN LANDING TIMESHARE VENTURES LIMITED PARTNERSHIP, as Guarantor
		 	By: HTS-Coconut Point, Inc., its general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	VACATION OWNERSHIP LENDING, L.P., as Guarantor
		 	By: Vacation Ownership Lending GP, Inc., its
		 	       general partner
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President
	
	VOL INVESTORS, L.P., as Guarantor
		 	By: VOL GP, Inc., its general partner,
		 	as Guarantor
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Executive Vice President

  

  
 [Signature Page to
Joinder to Registration Rights Agreement] 

 
					
	AQUA HOSPITALITY LLC
	ASTON HOTELS & RESORTS FLORIDA, LLC
	ILG MANAGEMENT, LLC
	MAUI CONDO AND HOME, LLC
	RQI HOLDINGS, LLC,
		 	as Guarantors
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager
	
	AQUA HOTELS & RESORTS, LLC
	DIAMOND HEAD MANAGEMENT LLC
	HOTEL MANAGEMENT SERVICES LLC
	 KAI MANAGEMENT SERVICES LLC, as 

Guarantors

		 	By: Aqua Hospitality LLC, their Manager
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager
	
	AQUA LUANA OPERATOR LLC, as Guarantor
		 	By: Aqua Hospitality LLC, its Sole Member
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager
	
	AQUA HOTELS AND RESORTS OPERATOR LLC, as Guarantor
		 	By: Aqua Hospitality LLC, its Managing Member
		
	By:	 	 /s/ John E. Geller, Jr.

		 	Name:	 	John E. Geller, Jr.
		 	Title:	 	Manager

  

  
 [Signature Page to
Joinder to Registration Rights Agreement] 

 
					
	FOH HOLDINGS, LLC, as Guarantor
		
	By:	 	 /s/ Angela K. Halladay

		 	Name:	 	Angela K. Halladay
		 	Title:	 	Assistant Secretary
	
	RESORT MANAGEMENT FINANCE SERVICES, INC., as Guarantor
		
	By:	 	 /s/ James H Hunter, IV

		 	Name: James H Hunter, IV
		 	Title:	 	President
	
	AQUA-ASTON HOSPITALITY, LLC, as Guarantor
		
	By:	 	 /s/ Kelvin Bloom

		 	Name:	 	Kelvin Bloom
		 	Title:	 	Chief Executive Officer
	
	REP HOLDINGS, LTD., as Guarantor
		
	By:	 	 /s/ Kelvin Bloom

		 	Name:	 	Kelvin Bloom
		 	Title:	 	President

  

  
 [Signature page to
Registration Rights Joinder Agreement] 

 The foregoing Joinder Agreement is hereby confirmed and accepted by the Initial Purchasers
as of the date first above written. 
 MERRILL LYNCH, PIERCE, FENNER &
SMITH 
          INCORPORATED 

Acting on behalf of itself 
 and
as Representative of 
 the several Initial Purchasers 
  

							
		 	By:	 	 /s/ Douglas M. Ingram

		 		 	Name:	 	Douglas M. Ingram
		 		 	Title:	 	Managing Director

  

  
 [Signature page to
Registration Rights Joinder Agreement] 

 SCHEDULE I 

Aqua Hotels and Resorts, Inc. 
 Aqua-Aston Holdings, Inc. 

CDP GP, Inc. 
 Cerromar Development Partners GP, Inc. 

Coconut Plantation Partner, Inc. 
 Data Marketing Associates East,
Inc. 
 Flex Collection, LLC 
 FOH Hospitality, LLC 

Grand Aspen Holdings, LLC 
 Grand Aspen Lodging, LLC 

Hawaii Vacation Title Services, Inc. 
 HPC Developer, LLC 

HT-Highlands, Inc. 
 HTS-BC, L.L.C. 
 HTS-Beach House Partner, L.L.C. 

HTS-Beach House, Inc. 
 HTS-Coconut Point, Inc. 
 HTS-Ground Lake Tahoe, Inc. 

HTS-Key West, Inc. 
 HTS-KW, Inc. 
 HTS-Lake Tahoe, Inc. 

HTS-Loan Servicing, Inc. 

HTS-Main Street Station, Inc. 

HTS-Maui, L.L.C. 
 HTS-San Antonio, Inc. 
 HTS-San Antonio, L.L.C. 

HTS-Sedona, Inc. 
 HTS-Sunset Harbor Partner, L.L.C. 
 HTS-Windward Pointe Partner, L.L.C. 

HV Global Group, Inc. 
 HV Global Management Corporation 

HV Global Marketing Corporation 
 HVO Key West Holdings, LLC 

IIC Holdings, Incorporated 
 ILG Shared Ownership, Inc. 

Interval Holdings, Inc. 
 Interval International, Inc. 

Interval Resort & Financial Services, Inc. 
 Interval
Software Services, LLC 
 Kauai Blue, Inc. 
 Lagunamar Cancun
Mexico, Inc. 
 Management Acquisition Holdings, LLC 
 Resort
Sales Services, Inc. 
 Scottsdale Residence Club, Inc. 

Sheraton Flex Vacations, LLC 
 St. Regis New York Management, Inc.

 St. Regis Residence Club, New York Inc. 
 Vacation Ownership
Lending GP, Inc. 

 Vacation Title Services, Inc. 

VCH Communications, Inc. 
 VCH Consulting, Inc. 

VCH Systems, Inc. 
 Vistana Acceptance Corp. 

Vistana Aventuras, Inc. 
 Vistana Development, Inc. 

Vistana Hawaii Management, Inc. 
 Vistana Management, Inc. 

Vistana MB Management, Inc. 
 Vistana Portfolio Services, Inc.

 Vistana PSL, Inc. 
 Vistana Residential Management, Inc. 

Vistana Signature Experiences, Inc. 
 Vistana Signature Network,
Inc. 
 Vistana Vacation Ownership, Inc. 
 Vistana Vacation
Realty, Inc. 
 Vistana Vacation Services Hawaii, Inc. 
 VOL GP,
Inc. 
 VSE Development, Inc. 
 VSE East, Inc 

VSE Mexico Portfolio Services, Inc. 
 VSE Myrtle Beach, LLC 

VSE Pacific, Inc. 
 VSE Trademark, Inc. 

VSE Vistana Villages, Inc. 
 VSE West, Inc. 

Westin Sheraton Vacation Services, Inc. 
 Windward Pointe II,
L.L.C. 
 Worldwide Vacation & Travel, Inc. 
 WVC
Rancho Mirage, Inc.

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