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,
with headquarters in Parsippany, NJ, will become a new, publicly traded pure-play hotel company with a portfolio of renowned brands.
Wyndham Vacation Ownership,
with headquarters in Orlando, Florida, will be the world’s largest publicly traded timeshare company and will be joined with Wyndham Destination Network, home to RCI, the world’s largest timeshare exchange company. The company will also explore strategic alternatives for its European rental brands.
Read the full article here:
Wyndham Worldwide announces plan to become two publicly traded hospitality companies