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Wyndham Worldwide Is Now Wyndham Destinations

Wyndham Destinations Logo
ORLANDO, Fla.—Wyndham Worldwide today completed its spin-off of Wyndham Hotels & Resorts and became the world's largest vacation ownership and exchange company. Now known as Wyndham Destinations, the company began trading on the New York Stock Exchange under the new symbol "WYND." Wyndham Destinations has a global presence in 110 countries at more than 220 vacation ownership resorts and 4,300...

Starwood Files for Planned Spin-off of Vacation Ownership Business

Starwood Hotels & Resorts Worldwide has filed to spin-off its vacation ownership business into a separate publicly traded company, which will be named Vistana Signature Experiences once the transaction goes through. The spin-off is expected to be completed in the fourth quarter of 2015. Starwood Vacation Ownership, previously known as Vistana, debuted in 1980 with the opening of what was...

Starwood to Spin Off Vacation Ownership Business

Starwood Hotels & Resorts Worldwide today announced plans to spin off its vacation ownership business, Starwood Vacation Ownership (SVO), into a separate publicly traded company, according to a news release. In addition to accelerating Starwood’s ongoing asset light transformation, the transaction will create a new pure-play vacation ownership company with a seasoned management team and a strong balance sheet...

Interval Leisure Group to Acquire Hyatt Residential Group

MIAMI & CHICAGO—Interval Leisure Group and Hyatt Hotels Corporation have announced their affiliates have signed a definitive agreement for ILG to purchase Hyatt Residential Group for approximately $190 million. In addition, ILG will acquire Hyatt’s interest in a joint venture that owns and is developing a 131-unit vacation ownership property in Maui, and will reimburse Hyatt an additional approximately...

WorldMark by Wyndham Acquires Seventh Mountain Resort in Bend, Ore.

ORLANDO, Fla.—WorldMark by Wyndham, one of Wyndham Vacation Ownership’s four primary consumer brands, announced the acquisition of 27 whole-ownership units and 196 fractional interests (collectively 59 whole units) at the Seventh Mountain Resort in Bend, Ore., from INNspired LLC. Terms of the deal were not disclosed. Through a two-phase conversion process, the resort will be renovated into a mix of...