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Wyndham buys Shell Vacations for $102 mln

Sept 14 | Fri Sep 14, 2012 8:04am EDT

Sept 14 (Reuters) - Hospitality company Wyndham Worldwide said one of its units has bought privately held vacation company Shell Vacations LLC for $102 million in cash.

Wyndham Vacation Ownership will also assume $153 million of Shell Vacations' debt.

Shell Vacations, founded in 1978, manages 19 resorts in North America.

The deal is expected to add to Wyndham's earnings immediately.

Shares of the Parsippany, New Jersey-based company closed at $53.97 on the New York Stock Exchange on Thursday.
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