WYNDHAM VACATION OWNERSHIP EXPANDS NEW MEXICO PRESENCE WITH ACQUISITION OF
SANTA FE'S CASA PUEBLO INN
Property to Become Company's Third Resort in the State
ORLANDO, Fla. (Dec. 6, 2007) - Wyndham Vacation Ownership, the world's largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced the acquisition of Casa Pueblo Inn located in Santa Fe, New Mexico from 138 Park Avenue Partnership and 513 W. San Francisco Partnership. Terms of the deal were not disclosed.
The resort will be known as WorldMark Santa Fe and renovations will begin early next year. Operating within the company's WorldMark, The Club portfolio, it is anticipated the resort will welcome owners and their guests in fall 2008. This acquisition further expands the company's New Mexico presence and complements the recently opened WorldMark Red River resort, the Taos property currently in development, and the sales center in Albuquerque.
"This acquisition underscores our continuous commitment to growing and enhancing our WorldMark portfolio," said Franz Hanning, president & CEO of Wyndham Vacation Ownership. "Adding yet another resort to WorldMark, The Club further demonstrates the strength of the Club and the vacation experience we are providing to our more than 270,000 owners as well as the tremendous value proposition we are offering to the New Mexico community."
Featuring a native Southwest pueblo-inspired design, the hotel will be transformed into a 32- room boutique-style resort with a combination of standard studio and one- bedroom units. The resort is conveniently located within walking distance of Santa Fe's city center as well as a number of art galleries and restaurants.
About Wyndham Vacation Ownership
Wyndham Vacation Ownership, a member of Wyndham Worldwide's (NYSE: WYN) family of companies, is the world's largest vacation ownership business, as measured by the number of vacation ownership resorts, individual vacation ownership units and owners of vacation ownership interests. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its three primary consumer brands, Wyndham Vacation Resorts, WorldMark by Wyndham, and Wyndham Vacation Resorts Asia Pacific. As of July 31, 2007, Wyndham Vacation Ownership had developed or acquired more than 135 vacation ownership resorts throughout the United States, Canada, Mexico, the Caribbean and the South Pacific that represent more than 17,000 individual vacation ownership units and more than 800,000 owners of vacation ownership interests. Wyndham Vacation Ownership is headquartered in Orlando, Florida, and is supported by more than 16,000 employees globally.