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...
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