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Wyndham Worldwide Corp (WYN.N)

WYN.N on New York Stock Exchange

121.08USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Wyndham Worldwide To Sell Its European Vacation Rental Business To Platinum Equity For About $1.3 Bln
Thursday, 15 Feb 2018 06:34am EST 

Feb 15 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE ANNOUNCES AGREEMENT TO SELL ITS EUROPEAN VACATION RENTAL BUSINESS TO PLATINUM EQUITY.WYNDHAM WORLDWIDE CORP - DEAL FOR APPROXIMATELY $1.3 BILLION..WYNDHAM WORLDWIDE - PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR EXPECTED DISTRIBUTION IN Q2 2018.WYNDHAM WORLDWIDE CORP - ESTIMATES TAX OBLIGATIONS ASSOCIATED WITH SALE OF EUROPEAN RENTAL BRANDS WILL BE LESS THAN 15% OF PROCEEDS.  Full Article

Wyndham Worldwide Q4 Earnings Per Share $4.54
Wednesday, 14 Feb 2018 06:30am EST 

Feb 14 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.49 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $4.54 FROM CONTINUING OPERATIONS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.90 TO $7.05 FROM CONTINUING OPERATIONS.SEES FY 2018 REVENUE $5.26 BILLION TO $5.4 BILLION.Q4 REVENUE ROSE 4 PERCENT TO $1.2 BILLION.‍Q4 DOMESTIC REVPAR INCREASED 4.5% COMPARED WITH Q4 2016 FOR HOTEL GROUP​.RAISES QUARTERLY CASH DIVIDEND 14 PERCENT TO $0.66PER SHARE.SEES 2018 REVENUES OF $5.26 BILLION TO $5.40 BILLION, AN INCREASE OF 4% TO 6%.SEES 2018 ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS OF $6.90 TO $7.05.IN CONSTANT CURRENCY, GLOBAL REVPAR FOR HOTEL GROUP INCREASED 4.6 PERCENT.‍ESTIMATES THAT Q3 HURRICANES REDUCED Q4 REVENUES, NET INCOME AND EBITDA BY $15 MILLION, $10 MILLION, AND $16 MILLION, RESPECTIVELY​.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $1.39 BILLION -- THOMSON REUTERS I/B/E/S.WYNDHAM WORLDWIDE - Q4 NET INCOME FROM CONTINUING OPERATIONS IMPACTED BY $426 MILLION OR $4.18 PER SHARE OF TAX BENEFIT RECORDED PRIMARILY DUE TO TAX REFORM.FY2018 EARNINGS PER SHARE VIEW $7.10, REVENUE VIEW $6.11 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Wyndham Worldwide Reports Q4 EPS Of $4.54 From Cont Ops
Wednesday, 14 Feb 2018 06:30am EST 

Feb 14 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.49 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $4.54 FROM CONTINUING OPERATIONS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.90 TO $7.05 FROM CONTINUING OPERATIONS.SEES FY 2018 REVENUE $5.26 BILLION TO $5.4 BILLION.Q4 REVENUE ROSE 4 PERCENT TO $1.2 BILLION.‍Q4 DOMESTIC REVPAR INCREASED 4.5% COMPARED WITH Q4 2016 FOR HOTEL GROUP​.RAISES QUARTERLY CASH DIVIDEND 14 PERCENT TO $0.66PER SHARE.SEES 2018 REVENUES OF $5.26 BILLION TO $5.40 BILLION, AN INCREASE OF 4% TO 6%.SEES 2018 ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS OF $6.90 TO $7.05.‍ESTIMATES THAT Q3 HURRICANES REDUCED Q4 REVENUES, NET INCOME AND EBITDA BY $15 MILLION, $10 MILLION, AND $16 MILLION, RESPECTIVELY​.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $1.39 BILLION -- THOMSON REUTERS I/B/E/S.WYNDHAM WORLDWIDE - Q4 NET INCOME FROM CONTINUING OPERATIONS IMPACTED BY $426 MILLION OR $4.18 PER SHARE OF TAX BENEFIT RECORDED PRIMARILY DUE TO TAX REFORM.FY2018 EARNINGS PER SHARE VIEW $7.10, REVENUE VIEW $6.11 BILLION -- THOMSON REUTERS I/B/E/S.WYNDHAM WORLDWIDE - Q4 HOTEL GROUP GLOBAL REVPAR ROSE 4.6 PERCENT IN CONSTANT CURRENCY.  Full Article

Wyndham Worldwide, La Quinta Announce Acquisition Agreement
Thursday, 18 Jan 2018 06:30am EST 

Jan 18 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE AND LA QUINTA HOLDINGS ANNOUNCE ACQUISITION AGREEMENT.WYNDHAM WORLDWIDE CORP - DEAL FOR $1.95 BILLION IN CASH..WYNDHAM WORLDWIDE - WYNDHAM WORLDWIDE WILL ACQUIRE LA QUINTA'S HOTEL FRANCHISE AND HOTEL MANAGEMENT BUSINESSES.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, STOCKHOLDERS OF LA QUINTA WILL RECEIVE $8.40 PER SHARE IN CASH.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, CO WILL ALSO REPAY ABOUT $715 MILLION OF LA QUINTA DEBT NET OF CASH.WYNDHAM WORLDWIDE CORP - DEAL HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.WYNDHAM WORLDWIDE - IMMEDIATELY PRIOR TO SALE OF LA QUINTA TO CO, LA QUINTA WILL SPIN OFF ITS OWNED REAL ESTATE ASSETS INTO PUBLICLY-TRADED REIT.WYNDHAM WORLDWIDE - PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR EXPECTED DISTRIBUTION IN Q2 2018.WYNDHAM WORLDWIDE CORP - WYNDHAM WORLDWIDE'S PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR AN EXPECTED DISTRIBUTION IN Q2 OF 2018.WYNDHAM WORLDWIDE - SET ASIDE RESERVE OF $240 MILLION FOR ESTIMATED TAXES EXPECTED TO BE INCURRED DUE TO SPIN-OFF OF LA QUINTA'S OWNED REAL ESTATE ASSETS.  Full Article

La Quinta Names Keith Cline President And CEO Of Corepoint Lodging
Thursday, 18 Jan 2018 06:30am EST 

Jan 18 (Reuters) - La Quinta Holdings Inc ::LA QUINTA HOLDINGS NAMES KEITH A. CLINE PRESIDENT AND CEO OF COREPOINT LODGING INC..LA QUINTA HOLDINGS - FORMAL SEARCH IS ONGOING FOR OTHER EXECUTIVE OFFICERS OF COREPOINT.  Full Article

Wyndham’s European vacation rental sale could get bids of over $1 bln - WSJ
Tuesday, 5 Dec 2017 08:35am EST 

Dec 5 (Reuters) - :WYNDHAM’S EUROPEAN VACATION RENTAL SALE COULD GET BIDS OF OVER $1 BILLION - WSJ, CITING SOURCES.BLACKSTONE GROUP AND CVC CAPITAL PARTNERS ARE AMONG THOSE CONSIDERING MAKING OFFERS FOR WYNDHAM'S EUROPEAN VACATIONS RENTALS UNIT - WSJ.  Full Article

Wyndham Worldwide says ‍entered into $400 mln revolving credit agreement
Tuesday, 21 Nov 2017 04:41pm EST 

Nov 21 (Reuters) - Wyndham Worldwide Corp :Wyndham Worldwide Corp says ‍entered into $400 million revolving credit agreement - SEC Filing​.Wyndham Worldwide Corp - ‍credit facility matures on November 20, 2018​.Wyndham - ‍$400 million revolving credit agreement is in addition to existing $1.5 billion credit facility and existing $325 million term loan credit facility ​.  Full Article

Airbnb is among possible suitors for Wyndham Worldwide's Europe rentals - Bloomberg
Friday, 3 Nov 2017 02:52pm EDT 

Nov 3 (Reuters) - :Airbnb is among possible suitors for Wyndham Worldwide's Europe rentals - Bloomberg, citing sources.  Full Article

American Hotel Income Properties REIT LP ‍entered branding agreement with Wyndham Hotel Group​
Wednesday, 1 Nov 2017 07:00am EDT 

Nov 1 (Reuters) - American Hotel Income Properties REIT Lp :American Hotel Income Properties REIT LP - ‍Entered branding agreement with Wyndham Hotel Group​.American Hotel Income Properties - ‍To rebrand 44 hotels in rail hotel portfolio under Wyndham's Baymont Inn and Suites, travelodge, super 8 brands​.  Full Article

Wyndham Worldwide's unit enters into timeshare loan-backed variable funding note purchase facility
Tuesday, 10 Oct 2017 05:00pm EDT 

Oct 10 (Reuters) - Wyndham Worldwide Corp :Wyndham Worldwide Corp - ‍On October 5, 2017, unit of co entered into a timeshare loan-backed variable funding note purchase facility, Series 2017-A.Wyndham Worldwide Corp - ‍facility provides for a 15 month commitment period followed by a 12 month amortization period​.Wyndham Worldwide-‍under indenture, issuer can issue, timeshare loan-backed variable funding notes in maximum principal amount of $750 million​ - SEC filing.  Full Article

Wyndham to sell European vacation rental business for $1.3 billion

Wyndham Worldwide Corp will sell its European vacation rental business to private equity firm Platinum Equity for about $1.3 billion, the U.S. hotelier said on Thursday, ending a six- month long review process for the business.