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Wyndham Worldwide announces agreement to sell its European vacation rental business to Platinum Equity
16 Feb 2018

Wyndham Worldwide announces agreement to sell its European vacation rental business to Platinum Equity

Wyndham Worldwide Corporation has announced that it has entered into a definitive agreement for the sale of its European vacation rental business to Platinum Equity for approximately $1.3 billion. In conjunction with the sale, the European vacation rental business has entered into a 20-year agreement under which it will pay a royalty fee of 1% of net revenue to Wyndham’s hotel business for the right to use the by Wyndham Vacation Rentals® endorser brand.  The European vacation rentals operations will also participate as a redemption partner in the award-winning Wyndham Rewards® loyalty programme. Wyndham’s industry-leading European vacation rental business is the largest...

Wyndham Worldwide
3 Aug 2017

Wyndham Worldwide announces plan to become two publicly traded hospitality companies

Wyndham Worldwide has announced plans to spin off the company's hotel business resulting in two separate, publicly traded companies. Wyndham Hotel Group will become a new, publicly traded pure-play hotel company with a portfolio of renowned brands. Wyndham Vacation Ownership will be the world's largest publicly traded timeshare company and will be joined with Wyndham Destination Network, home to RCI. The Company will also explore strategic alternatives for its European rental brands. The two public companies intend to enter into long-term exclusive license agreements to retain their affiliation with one of the industry's top rated loyalty programs, Wyndham Rewards, as well...

Wyndham Taps Asia Market With Plan to Offer Timeshares
20 Nov 2014

Wyndham Taps Asia Market With Plan to Offer Timeshares

Wyndham Worldwide Corp. plans to introduce its timeshare business in southeast Asia by the end of this year. The company is in talks to buy properties in Thailand, Indonesia and Malaysia and expects to close on at least one by Christmas, said Barry Robinson, managing director for southeast Asia and the Pacific rim at Wyndham’s vacation resorts and hotel divisions. The company will also open an office in Singapore by year end to headquarter its southeast Asian timeshare and hotels businesses, he said. “There’s a huge opportunity in Asia for the vacation ownership business, which hasn’t really been tapped yet,” Gold Coast,...

19 Mar 2014

Domina Vacanze Signs Long-Term Affiliation Agreement with RCI

RCI, one of the Wyndham Worldwide family of brands (NYSE: WYN), announced the signing of a new Master Affiliation Agreement (MAA) with Domina Vacanze SpA. The multi-year MAA ensures that the 10 Domina Home brand hotels and resorts already affiliated to RCI, as well as all future Domina properties being entered into timeshare, will be part of the RCI exchange holiday network. Family-owned Domina Vacanze SpA has become one of Italy’s most trusted and respected hotel brands during its 25 years in business. In that time, Domina has developed its offering to meet the many and changing needs of the holidaying consumer....