PARSIPPANY, N.J., May 30, 2018 /PRNewswire/ -- Wyndham
Worldwide (NYSE: WYN) announced today that its two soon-to-be
publicly traded companies – Wyndham Destinations and Wyndham Hotels
& Resorts – will participate in the upcoming 2018 Goldman Sachs
Lodging, Gaming, Restaurant and Leisure Conference as follows:
- Wyndham Destinations – Michael
Brown, president and chief executive officer of Wyndham
Destinations, and Michael Hug,
executive vice president and chief financial officer, will speak at
the conference on Monday, June 4,
2018 at 8:20 a.m. ET.
Listeners can access a live webcast through the Company's new
website, which will launch later this week, at
investor.wyndhamdestinations.com. A replay will be available for 90
days.
- Wyndham Hotels & Resorts – Geoffrey Ballotti, president and chief executive
officer of Wyndham Hotels & Resorts, and David Wyshner, executive vice president and
chief financial officer, will speak at the conference on
Tuesday, June 5, 2018 at 1:25 p.m. ET. Listeners can access a live webcast
through the Company's new website, which will launch later this
week, at investor.wyndham.com. A replay will be available for 90
days.
As previously announced, Wyndham Worldwide's Board of Directors
has approved the spin-off of its wholly-owned subsidiary Wyndham
Hotels & Resorts, Inc., the world's largest hotel franchisor
with nearly 8,000 affiliated hotels. The distribution is
expected to occur after the market close on May 31, 2018 to Wyndham Worldwide stockholders of
record as of May 18, 2018. In
conjunction with the spin-off, Wyndham Worldwide will be renamed
Wyndham Destinations, Inc. and will continue to be the world's
largest vacation ownership and exchange
company.
Following the spin-off, Wyndham Hotels & Resorts will trade
on the New York Stock Exchange under the symbol "WH", and Wyndham
Destinations will continue to trade on the New York Stock Exchange
under the new symbol "WYND". Wyndham Hotels & Resorts is
expected to begin "regular-way" trading on June 1, 2018.
ABOUT WYNDHAM WORLDWIDE
Wyndham Worldwide (NYSE: WYN)
is one of the largest global hospitality companies, providing
travelers with access to a collection of trusted hospitality brands
in hotels, vacation ownership, and unique accommodations including
vacation exchange and managed vacation rentals. With a collective
inventory of over 22,000 places to stay across 110 countries on six
continents, Wyndham Worldwide and its more than 35,000 associates
welcome people to experience travel the way they want. This is
enhanced by Wyndham Rewards®, the Company's award-winning guest
loyalty program across its businesses, which is making it simpler
for members to earn more rewards and redeem their points faster.
For more information, please visit www.wyndhamworldwide.com.
FORWARD-LOOKING STATEMENTS
This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are those that convey management's expectations as to
the future based on plans, estimates and projections at the time
Wyndham Worldwide, Wyndham Destinations and Wyndham Hotels make the
statements and may be identified by words such as "will," "expect,"
"believe," "plan," "anticipate," "intend," "goal," "future,"
"guidance," "estimate" and similar words or expressions, including
the negative version of such words and expressions. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of Wyndham Destinations and Wyndham Hotels to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. The forward-looking statements contained in this press
release include statements related to the companies' current views
and expectations with respect to their future performance and
operations. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Factors that could cause actual results to
differ materially from those in the forward-looking statements
include without limitation general economic conditions, the
performance of the financial and credit markets, the companies'
abilities to obtain financing, their respective credit ratings
(including changes thereto as result of the spin-off, the La Quinta
acquisition and other related transactions), post-closing credit
obligations as result of the sale of Wyndham Worldwide's
European vacation rentals business, the economic environment for
the hospitality industry, the impact of war, terrorist activity or
political strife, operating risks associated with the hotel,
vacation ownership and vacation exchange businesses, unanticipated
developments related to the impact of the spin-off on the
companies' relationships with their respective customers,
suppliers, employees and others with whom they have relationships,
uncertainties related to companies' abilities to realize the
anticipated benefits of the La Quinta acquisition and the spin-off,
as well as those factors described in Wyndham Hotels' Registration
Statement on Form 10, filed with the SEC on March 19, 2018, as amended, in Wyndham
Worldwide's Annual Report on Form 10-K, filed with the SEC on
February 16, 2018, and in each
company's subsequently filed Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. Wyndham Worldwide, Wyndham Hotels and
Wyndham Destinations undertake no obligation to publicly update or
revise any forward-looking statements, subsequent events or
otherwise.
Wyndham
Destinations Investors:
Christopher
Agnew
Vice President,
Investor Relations
407-626-4050
Christopher.Agnew@wyn.com
|
Wyndham Hotels
& Resorts Investors:
Matt
Capuzzi
Vice President,
Investor Relations
973-753-6453
Matthew.Capuzzi@wyndham.com
|
Wyndham
Destinations Media:
Steven
Goldsmith
Director, Corporate
Communications
407-626-5882
Steven.Goldsmith@wyn.com
|
Wyndham Hotels
Media:
Nadeen N.
Ayala
Senior Vice
President, Global Communications
973-753-8054
Nadeen.Ayala@wyn.com
|
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SOURCE Wyndham Worldwide