Wyndham

Wyndham Worldwide Corporation is one of the largest hospitality corporations in the world, offering a wide variety of hotels, resorts, and vacation ownership properties. Wyndham's Corporation is divided into three different subsidies, Wyndham Hotel Ownership, Wyndham Vacation Ownership and Wyndham Exchange and Rentals.http://www.wyndhamworldwide.com/about/

Mostly known for their hotel chain, Wyndham has over 7,000 separate hotel locations around the globe. Some of the hotel chains operating under the Wyndham umbrella are Ramada, Days Inn, and Super 8.

Wyndham Vacation Resorts

Wyndham owns a variety of different vacation resorts in different locations around the world. The locations of the resorts range from all over the United States as well as exotic locations. International resorts exist in Canada, Mexico, Australia and New Zealand.https://www.wyndhamvacationresorts.com/ffr/resort/search.do A number of resorts also operates under an Asia-Pacific part of the Wyndham chain.http://www.wyndhamvrap.com/

Wyndham Expansion

The past five years have seen Wyndham gradually annexing and accumulating more hotels and chains. The Wyndham group consisted of many smaller hotel chains for different budgets and types of people. In September of 2010, Wyndham was able to acquire a Grand Hilton hotel in downtown Pittsburgh, Pennsylvania. The acquisition would be part of a bankruptcy agreement as Shubh Hotels of Pittsburgh has declared Chapter 11 bankruptcy. Wyndham would buy 89% of the hotel in the planned purchase.http://www.businessweek.com/ap/financialnews/D9I93E100.htm

Key Dates

  1. October 12, 2005: Cendant Corporation (NYSE:CD) acquires management and franchise business of Dallas-based Wyndham hotel chain, including rights to name
  2. May 11, 2006: Cendant announces proposed registration of Wyndham Worldwide
  3. August 1, 2006: Wyndham Worldwide spins off from Cendant Corporation; begins trading under WYN on NYSE
  4. August 11, 2006: Wyndham announces plan to replace items recently banned from airports in United States
  5. February 13, 2007: Announces 2006 revenue of $3.8 billion, up 11% over 2005
  6. February 12, 2008: Announces 2007 revenue of $4.3 billion, up 13% over 2006
  7. March 14, 2008: Named to Fortune Magazine's list of Most Admired Companies for 2008

References

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