Wyndham Plans To Spin Off Timeshare Business
PARSIPPANY, N.J.—Wyndham Worldwide announced plans to spin off the company’s timeshare business from its hotel business, resulting in two separate, publicly traded companies. Wyndham Hotel Group, with headquarters in Parsippany, N.J., will become a new, publicly traded pure-play hotel company with a portfolio of brands while Wyndham Vacation Ownership, with Orlando headquarters, will become the world’s largest publicly traded timeshare company, which will be joined with Wyndham Destination Network, home to RCI, the world’s largest … Continue reading Wyndham Plans To Spin Off Timeshare Business
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