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Cendant Names Spin-Off Wyndham WorldwideMarch 16, 2006 By: Erin Sternthal Travel Agent
Cendant Corp. is naming its new hospitality company Wyndham Worldwide later this year. Cendant had previously announced the spin-off of its lodging, vacation exchange and rental, and timeshare resorts businesses. Wyndham Worldwide will be an independent, publicly-traded company with nine hotel chains: Wyndham, Ramada, Super 8, Wingate Inn and Days Inn. The company will also include the vacation exchange and rental businesses of RCI, Novasol and Landal GreenParks, and its timeshare resorts business of Fairfield Resorts and Trendwest Resorts. Wyndham Worldwide will have more than 6,300 franchised or managed hotels with over 530,000 hotel rooms worldwide.