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4-Traders Homepage  >  Equities  >  Nyse  >  Wyndham Worldwide Corporation    WYN

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Wyndham Worldwide Corporation : WorldMark by Wyndham Opens Ninth Resort in Washington: WorldMark Chelan – Lake House

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07/11/2013 | 09:44pm CEST
WorldMark by Wyndham Opens Ninth Resort in Washington: WorldMark Chelan - Lake House

Orlando, Fla. (July 11, 2013) - WorldMark® by Wyndham, one of Wyndham Vacation Ownership's four primary consumer brands, today announced it has opened its newest resort, WorldMark Chelan - Lake House. Located in Lake Chelan, Washington, just three hours outside of Seattle, the resort is comprised of 30 quartershare and vacation ownership units and was acquired by WorldMark by Wyndham earlier this year. WorldMark by Wyndham anticipates sales to begin in July and will assume property management of all units by the fall of 2013.

"We're very excited to open WorldMark Chelan - Lake House, as it's an upscale resort in a highly-desired location," said Geoff Richards, chief operations officer, Wyndham Vacation Ownership. "We began booking reservations in May, and within 48 hours of opening occupancy the resort was booked for the summer. This immediate demand is a strong demonstration of the desire by our owners to vacation in this pristine area along Lake Chelan."

The resort offers one- and three-bedroom condominium-style units with full kitchens featuring stainless steel appliances and granite countertops. Each unit is also equipped with flat screen televisions, electric fireplaces and oversized decks for entertaining. In addition to its in-room amenities, the resort features a heated pool and hot tub, a children's splash pad and a 4,000 square foot pool house.

Lake Chelan is a year-around vacation destination. Known for more than 300 days of sunshine a year, the town offers a wide-variety of outdoor activities for its visitors. Guests of WorldMark Chelan - Lake House can enjoy golfing and boating during the summer, or skiing and snowshoeing during the winter. Downtown Laken Chelan is also a hot spot with shops, galleries and wineries.

The resort will become WorldMark by Wyndham's ninth resort location in Washington State. Other locations include: WorldMark Birch Bay, WorldMark Discovery Bay, WorldMark Lake Chelan Shores, WorldMark Leavenworth, WorldMark Long Beach, WorldMark Mariner Village, WorldMark Seattle - The Camlin, and WorldMark Surfside Inn.

ABOUT WORLDMARK BY WYNDHAM

WorldMark by Wyndham provides a wide range of vacation options to thousands of families each year. Its resorts can be found in some of the most beautiful locations on earth - from Canada, the West Coast of the United States, Hawaii and Florida to Mexico and Fiji. A brand of Wyndham Vacation Ownership, WorldMark by Wyndham broke new ground in the vacation ownership industry by creating a network of drive-to resort properties and off-site sales offices.

WorldMark by Wyndham's innovative credit-based system, WorldMark, The Club, is a diverse and flexible vacation ownership club.  Depending on the number of vacation credits owned, and subject to availability, vacations can be taken any time during the year, in a variety of condominium sizes, for a day, a week, or more.   By using vacation credits as a form of currency, WorldMark's owners can choose among more than 70 resorts in some of the most highly sought-after locales.

# # #

MEDIA CONTACTS:

Lindsay Graham
Manager, Corporate Communications
Wyndham Vacation Ownership
(407) 626-4158
Lindsay.Graham@wyn.com

Lisa Burby
Vice President, Corporate Communications
Wyndham Vacation Ownership
(407) 626-5146
Lisa.Burby@wyn.com

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EBIT 2017 1 142 M
Net income 2017 650 M
Debt 2017 3 750 M
Yield 2017 2,19%
P/E ratio 2017 16,79
P/E ratio 2018 14,89
EV / Sales 2017 2,50x
EV / Sales 2018 2,36x
Capitalization 10 892 M
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