Marriott International Inc. is well on its way to making its timeshare business into a publicly traded company. The transaction is expected to be complete by the end of the year.

Under Marriott Vacations Worldwide Corporation’ new timeshare arm, the company will develop, operate, market, and sell timeshare and residential properties.

Timeshare is a capital-intensive industry, which led to the reformatting of its capital structure. Currently, the company has around 400,000 timeshare owners, and it is aiming at doubling the number at the earliest time possible.