Wyndham Worldwide Completes Sale of Its European Vacation Rentals Business to Platinum Equity Affiliate for $1.3 Billion

Wyndham Worldwide | May 10, 2018

PARSIPPANY, N.J., May 10, 2018 -- Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completion of its previously announced sale of its European vacation rentals business to an affiliate of Platinum Equity, LLC, a leading global private equity firm, for approximately $1.3 billion. The industry-leading European vacation rentals business is the largest manager of holiday rentals in Europe, with more than 110,000 units in over 600 destinations across more than 25 countries. The business operates more than two dozen local brands, including cottages.com, James Villa Holidays, Landal GreenParks, Novasol and Hoseasons. In...