wyndham worldwide
The Taste with Vir Sanghvi: Remembering the first great celebrity chef, Paul Bocuse
RLH Corporation | April 18, 2018
April 18--The death of Paul Bocuse some weeks ago led to hundreds of obituaries and tributes from other chefs. He was the king of chefs, we were told. His cuisine was outstanding. His passing left a void that can never be filled. And so on. Well, may be. I am not of the generation that grew up when Bocuse was at his peak so perhaps I lack the context to fully understand the great man's contributions to global cuisine. From my slightly cynical perspective, Bocuse was of great importance in the world of chefs but I was never convinced that his influence on modern cuisine will be regarded as hugely significant once our judgements cease...
RLH Corporation Enters Into Definitive Agreement to Acquire the Knights Inn Brand from Wyndham for $27 Million Cash
RLH Corporation | April 4, 2018
DENVER (April 4, 2018) — RLH Corporation (NYSE:RLH) today announced it has entered into a definitive agreement to acquire the Knights Inn brand from Wyndham Hotel Group, LLC a subsidiary of Wyndham Worldwide (NYSE: WYN) for an aggregate price of $27 million cash, subject to certain post-closing adjustments. Knights Inn is a hotel brand focused on getting the essentials right – a restful stay in a convenient location at an affordable price with more than 350 economy segment hotels across North America and a pipeline of an additional approximately 47 hotels. The transaction is expected to close in the second quarter of 2018, s...
Wyndham Worldwide to Sell Its European Vacation Rental Business to Platinum Equity for $1.3 Billion
Platinum Equity | February 15, 2018
PARSIPPANY, N.J., Feb. 15, 2018 -- Wyndham Worldwide Corporation (NYSE: WYN) today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to Platinum Equity for approximately $1.3 billion. In conjunction with the sale, the European vacation rental business has entered into a 20-year agreement under which it will pay a royalty fee of 1% of net revenue to Wyndham's hotel business for the right to use the by Wyndham Vacation Rentals® endorser brand. The European vacation rentals operations will also participate as a redemption partner in the award-winning Wyndham Rewards®...
Wyndham Worldwide Announces Spin-Off Hotel Company Executive Leadership Team
Wyndham Worldwide | August 22, 2017
PARSIPPANY, N.J., Aug. 22, 2017 -- Wyndham Worldwide (NYSE: WYN) today announced executive leadership appointments for the new, publicly traded pure-play hotel company to be created by the recently announced 2018 spin-off from Wyndham Worldwide. With 18 brands and over 8,100 hotels, Wyndham's hotel business is the world's largest hotel company by number of properties. It is home to an industry-leading loyalty program with more than 50 million members, and is emerging from a three-year strategic focus on improved brand quality, distribution technology, and brand marketing. Anchored by iconic hotel brands including Days Inn and Su...
Wyndham Worldwide Reports Q1 2017 Net Income of $141 Million Compared to $96 Million in Q1 2016
Wyndham Worldwide | April 26, 2017
PARSIPPANY, N.J., April 26, 2017 -- Wyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended March 31, 2017. FIRST QUARTER 2017 OPERATING RESULTS First quarter revenues were $1.3 billion, up 1% compared with the prior year period. Full reconciliations of GAAP results to non-GAAP measures for all reported periods appear in the tables to this press release. Net income for the first quarter of 2017 was $141 million compared with $96 million for the first quarter of 2016. Diluted earnings per share (EPS) were $1.33 compared with $0.84 for the prior year period. Adjusted net income for the first quarter of...
Wyndham Worldwide Reports Q4 Net Income of $164 Million Compared to $140 Million in the Year Ago Quarter; Domestic Same Store RevPAR Increased 2.9%
Wyndham Worldwide | February 15, 2017
PARSIPPANY, N.J. (February 15, 2017) -- Wyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months and year ended December 31, 2016. FOURTH QUARTER 2016 OPERATING RESULTS Fourth quarter revenues were $1.3 billion, up 1% compared with the prior year period. Full reconciliations of GAAP results to non-GAAP measures for all reported periods appear in the tables to this press release. Net income for the fourth quarter of 2016 was $164 million compared with $140 million for the fourth quarter of 2015. Diluted earnings per share (EPS) increased 26% to $1.53 per diluted share compared with $1.21 for the prior year p...
Wyndham Worldwide Reports Q3 2016 Net Income of $196 million Compared to $190 million in Q3 2015; Domestic RevPAR Up 1.9%
Wyndham Worldwide | October 26, 2016
PARSIPPANY, N.J., Oct. 26, 2016 -- Wyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended September 30, 2016. Third quarter revenues were $1.6 billion, up 1% compared with the prior year period. In constant currency and excluding acquisitions, revenues also increased 1%. Full reconciliations of GAAP results to non-GAAP measures appear in the tables to this press release. Net income for the third quarter of 2016 was $196 million, or $1.78 per diluted share, compared with $190 million, or $1.61 per diluted share, for the third quarter of 2015. Adjusted net income for the third quarter of 2016 was $207...
Wyndham Worldwide Reports Q2 2016 Revenue of $1.4 billion, Flat Compared to Prior Year
Wyndham Worldwide | July 27, 2016
PARSIPPANY, N.J. (July 27, 2016) – Wyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended June 30, 2016. Second quarter revenues were $1.4 billion, flat compared with the prior year period. In constant currency and excluding acquisitions, revenues increased 1%. Net income for the second quarter of 2016 was $156 million, or $1.39 per diluted share, compared with $159 million, or $1.33 per diluted share, for the second quarter of 2015. Adjusted net income for the second quarter of 2016 was $156 million, or $1.40 per diluted share, compared with $159 million, or $1.32 per diluted share, for the se...
