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Actionable news in WYN: WYNDHAM WORLDWIDE CORPORATION,

Wyndham Worldwide Announces Plan To Become Two Publicly Traded Hospitality Companies

Wyndham Vacation Ownership Will Be World's Largest Publicly Traded Timeshare Business

Company to Explore Strategic Alternatives for European Rental Brands

PARSIPPANY, New Jersey, Aug. 3, 2017 /PRNewswire/ -- Wyndham Worldwide (WYN) today announced plans to spin off the company's hotel business resulting in two separate, publicly traded companies. Wyndham Hotel Group, with headquarters in Parsippany, NJ, will become a new, publicly traded pure-play hotel company with a portfolio of renowned brands. Wyndham Vacation Ownership, with headquarters in Orlando, Florida, will be the world's largest publicly traded timeshare company and will be joined with Wyndham Destination Network, home to RCI, the world's largest timeshare exchange company. The Company will also explore strategic alternatives for its European rental brands.

The two public companies intend to enter into long-term exclusive license agreements to retain their affiliation with...


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