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Slide #83. Wyndham Worldwide — Shell Vacations LLC
Wyndham Worldwide (WYN)
Shell Vacations LLC
Wyndham Worldwide announced that its subsidiary, Wyndham Vacation Ownership (WVO), has acquired privately held Shell Vacations LLC (Shell) and its subsidiaries. Shell is one of the largest independent vacation ownership club and property management groups, serving approximately 115,000 members and 19 managed resorts in North America. The purchase price for the equity of Shell is approximately $102 million in cash. The acquisition also includes $153 million of debt, which is primarily related to consumer loan receivables.
Wyndham Worldwide is a hospitality company. Co. has three segments: hotel group, which franchises in the upscale, upper midscale, midscale, economy and extended stay segments with a concentration in economy brands, and provides property management services; destination network, which provides vacation accommodations; and vacation ownership, which develops and markets Vacation Ownership Interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs and provides property management services at resorts. Co.'s brands include Wyndham Hotels and Resorts, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, and Dolce Hotels and Resorts, among others.
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Buy (2.80 out of 4)
(ranked higher than approx. 73% of all stocks covered)
Based on Zacks ABR data;
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