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Log In / Register | Jun 25, 2018

Wyndham Completes Spin-off

This morning Wyndham announced it has completed its split into two. Wyndham Worldwide Corporation is gone and in its place are now two publicly traded firms. Wyndham Destinations, Inc. (NYSE: WYND) is a time share firm and Wyndham Hotels & Resorts, Inc. (NYSE:WH) is a hotel franchisor.

Geoff Ballotti, chief executive officer of Wyndham Hotels & Resorts, said that he was thrilled about the new era for the asset-light franchisor.  "As the world's largest hotel franchisor with a proven ability to create value through acquisitions and organic growth, we will focus on strengthening our industry-leading loyalty and technology platforms to drive more direct distribution to our owners and franchisees at a lower cost, while serving everyday travelers exceptionally well."

Wyndham Hotels & Resorts has nearly 9,000 franchised hotels under 20 hotel brands. 

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