New Delhi: Wyndham Hotels & Resorts has announced the completion of its spin-off from Wyndham Worldwide Corporation, which has been renamed Wyndham Destinations, Inc. Wyndham Hotels & Resorts is the world’s largest hotel franchisor and a leading provider of hotel management services, with a portfolio of 20 well-recognised lodging brands and nearly 9,000 franchised hotels in more than 80 countries.
“We are thrilled to begin a new era in which we will continue to build upon our powerful asset-light and fee-based business model that is driven by an exceptional portfolio of market-leading economy and midscale brands,” said Geoff Ballotti, Chief Executive Officer of Wyndham Hotels & Resorts.
“As the world’s largest hotel franchisor with a proven ability to create value through acquisitions and organic growth, we will focus on strengthening our industry-leading loyalty and technology platforms to drive more direct distribution to our owners and franchisees at a lower cost, while serving everyday travellers exceptionally well,”
As previously announced, Wyndham Worldwide common stockholders received one share of Wyndham Hotels & Resorts common stock for each share of Wyndham Worldwide common stock held on May 18, 2018, the record date. Following the spin-off, Wyndham Hotels & Resorts has approximately 100 million shares outstanding.
Geoff you need to do a better at surveying your hotels. I’m currently at days inn by Wyndham in Seattle south tukwila. I called before I came to determine if each room had refrigeration and a microwave. “Yes sure we have that in the rooms”. When I arrived 2 guests were leaving and did not want to stay because they found the place was poorly maintained and under standard . I soon found out what they meant. First my door cards did not work so I had to have the janitor check and they did not work for him either. When I finally got into my room – 153 ,
I just didn’t have the words to describe my disgust. The TV was unplug and did not have a remote. There was no refrigerator or microwave in my room and the bathroom was disgusting. If I was as exhausted 😩 as I was I would have left immediately. I’m yelping a review as we speak and I’m also contacting Booking.com to my a formal complaint. I would send you pics but my battery is low on power at this moment. You would definitely find this place embarrassing and unexceptable as a Wyndham facility. Call me if you’re not too busy. Precious porter 17084955066.