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Wyndham Worldwide Corp (WYN.N)

WYN.N on New York Stock Exchange

111.28USD
14 Dec 2017
Change (% chg)

$-0.52 (-0.47%)
Prev Close
$111.80
Open
$111.97
Day's High
$111.98
Day's Low
$110.71
Volume
69,809
Avg. Vol
307,117
52-wk High
$114.44
52-wk Low
$75.37

Latest Key Developments (Source: Significant Developments)

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 Worldwide announces spin-off hotel company executive leadership team
Monday, 21 Aug 2017 04:01pm EDT 

Aug 21 (Reuters) - Wyndham Worldwide Corp ::Wyndham Worldwide announces spin-off hotel company executive leadership team.  Full Article

RCI announces agreement to acquire DAE
Tuesday, 8 Aug 2017 12:01am EDT 

Aug 8 (Reuters) - RCI-:RCI announces agreement to acquire DAE.RCI - DAE's offices in Australia, New zealand, US and Egypt will become part of RCI upon completion of the acquisition.RCI - Peter Vanderhorst will continue to serve as managing director and lead @Work.RCI - DAE will continue to be led by co-founder Francis Taylor as Managing Director post deal.  Full Article

Wyndham Worldwide Q2 earnings per share $0.75
Wednesday, 2 Aug 2017 04:36pm EDT 

Aug 2 (Reuters) - Wyndham Worldwide Corp :Wyndham Worldwide reports second quarter 2017 results.Q2 earnings per share $0.75.Q2 revenue $1.5 billion versus I/B/E/S view $1.47 billion.Q2 earnings per share view $1.50 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $1.53.Wyndham Worldwide Corp - ‍increases full-year EPS guidance​.Wyndham Worldwide Corp - ‍announces plan to become two publicly traded hospitality companies​.Wyndham Worldwide Corp - ‍ updates adjusted diluted EPS for full year 2017 to approximately $6.04 to $6.24​.Wyndham Worldwide Corp - reiterates FY revenues of approximately $5.80 billion to $5.95 billion.FY2017 earnings per share view $6.18, revenue view $5.86 billion -- Thomson Reuters I/B/E/S.Wyndham Worldwide Corp - ‍ Q2 domestic same-store REVPAR increased 2.8% compared with Q2 of 2016​.Wyndham Worldwide Corp - ‍ in constant currency, Q2 global system-wide, same-store REVPAR increased 3.3%​.  Full Article

Wyndham Worldwide plans to become 2 publicly traded hospitality cos
Wednesday, 2 Aug 2017 04:30pm EDT 

Aug 2 (Reuters) - Wyndham Worldwide Corp ::Wyndham Worldwide announces plan to become two publicly traded hospitality companies.Wyndham Worldwide Corp - plans to spin off company's hotel business resulting in two separate, publicly traded companies.Wyndham Worldwide Corp - ‍company to explore strategic alternatives for european rental brands​.Wyndham Worldwide Corp - two public companies intend to enter into long-term exclusive license agreements.Wyndham Worldwide Corp - public companies will retain wyndham rewards partnership​.Wyndham Worldwide Corp - corporate names of post-spin public companies have not yet been decided.Wyndham Worldwide Corp - ‍wyndham Hotel Group to become pure-play hotel company​.Wyndham Worldwide Corp - transaction, is expected to be tax-free to Wyndham Worldwide and its shareholders.Wyndham Worldwide Corp - ‍geoff Ballotti, current CEO of Wyndham Hotel Group, will continue to lead hotel company as president and CEO​.Wyndham Worldwide - as two separate public companies, vacation ownership company and hotel company will have separate boards of directors.Wyndham Worldwide - ‍Michael Brown, current CEO of Wyndham vacation ownership, will continue to lead timeshare company as president and ceo​.Wyndham Worldwide corp - Holmes will serve as non-executive chairman of board of directors for both companies.Wyndham Worldwide - ‍gail Mandel, CEO of Wyndham destination network, will continue to lead that business through transition​.  Full Article

Wyndham Hotel Group strengthens its midscale bench with acquisition of AmericInn
Tuesday, 18 Jul 2017 12:15pm EDT 

July 18 (Reuters) - Wyndham Worldwide Corp ::Wyndham Hotel Group strengthens its midscale bench with acquisition of AmericInn.Says deal for $170 million.Says upon deal closing, Wyndham's family of brands will expand to 20 names.Says ‍plans to acquire Minnesota-based AmericInn hotel brand, its management co, Three Rivers Hospitality, from Northcott Hospitality​.  Full Article

Fitch Affirms Marriott at 'BBB'; Maintains Positive Outlook

(The following statement was released by the rating agency) NEW YORK, November 16 (Fitch) Fitch Ratings has affirmed Marriott International's (NYSE: MAR) Long-Term Issuer Default Rating (IDR) at 'BBB' and Short-Term IDR at 'F2'. The Rating Outlook remains Positive. Fitch has also affirmed Starwood Hotels & Resorts Worldwide, Inc.'s IDR at 'BBB' and maintained the Positive Rating Outlook. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS The Positive Outlook con