Who is the parent company of Club Wyndham?
Who is the parent company of Club Wyndham? Wyndham Destinations is a part of Travel + Leisure Co., the world's leading membership and leisure travel company with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands.
Who bought Wyndham?
ROCKVILLE, Md., Oct. 17, 2023 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today announced a proposal to acquire all the outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") at a price of $90.00 per share, payable in a mix of cash and stock.
Is Wyndham in financial trouble?
Based on the latest financial disclosure, Wyndham Hotels Resorts has a Probability Of Bankruptcy of 1.0%. This is 97.58% lower than that of the Hotels, Restaurants & Leisure sector and 97.15% lower than that of the Consumer Discretionary industry.
Did Club Wyndham get bought out?
Wyndham Destinations has become the umbrella brand for our vacation ownership clubs business line. This transition to Travel + Leisure Co. as the parent company over Wyndham Destinations will not directly affect Club Wyndham or its products or club offerings.
Does Wyndham own Travelodge?
Known for its laid back, California roots, Travelodge by Wyndham is a brand for value-focused travelers looking for quality amenities and a good night's sleep. Friendly service and affordable rates ensure that guests are rested and refueled for before they head back out into the world.
Why is Wyndham changing its name?
The Travel + Leisure acquisition will result in Wyndham Destinations becoming the Travel + Leisure Co. The name change is a further signal the company wants to tap into new market segments that may not have been possible under its current brand.
Why did Wyndham split?
The split will enable the companies to maintain a sharper focus on its core business and growth opportunities and ease capital raising, Wyndham said. Wyndham shareholders will be given shares in the newly created hotel company through a pro rata distribution.
What is the Wyndham controversy?
Wyndham's Alleged Fraudulent Timeshare Scheme Class Action Suit. After paying over $80K to Wyndham for a timeshare bought in 2015, David and Brenda Kriens are now suing the timeshare conglomerate for sales fraud. According to the couple behind the class action lawsuit (David J. Kriens Sr., et al.
How many people own Wyndham?
Nearly 900,000 Wyndham Vacation Club owners have access to a lifetime of vacations at 230 resorts in popular vacation destinations around the world.
What is the new name for Wyndham?
On Feb. 17, 2021, our parent company was renamed Travel + Leisure Co. and made its debut as the world's leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. A link to a press release with more details is available here.