PARSIPPANY, N.J., May 8, 2018 /PRNewswire/ -- Wyndham
Worldwide Corporation (NYSE: WYN) today announced that it will host
an investor meeting on Wednesday, May 16,
2018 at 9:00 a.m. Eastern
time. The meeting will provide an introduction
to the two soon-to-be-publicly-traded companies that currently
comprise Wyndham Worldwide — Wyndham Hotel & Resorts, the
world's largest hotel franchisor with more than 8,400 affiliated
hotels in over 80 countries, and Wyndham Destinations, the world's
largest vacation ownership and exchange company.
The event will be webcast and participants can register at
investor.wyndhamworldwide.com. A replay of the webcast will
be available on the Wyndham Worldwide website until May 16, 2019. The anticipated timeline and
agenda for the meeting are as follows:
9:00 a.m. - 10:30
a.m.
|
Welcome and
Introductions
|
|
Stephen
Holmes
|
|
Chairman and CEO,
Wyndham Worldwide
|
|
|
|
Wyndham Hotels
& Resorts
|
|
Geoffrey Ballotti,
President & CEO, Wyndham Hotels & Resorts
|
|
David Wyshner, CFO,
Wyndham Hotels & Resorts
|
|
|
11:00 a.m. - 12:30
p.m.
|
Wyndham
Destinations
|
|
Michael Brown,
President & CEO, Wyndham
Destinations
|
|
Michael Hug, EVP
& CFO, Wyndham Destinations
|
As previously announced, Wyndham Worldwide expects to separate
into two publicly traded hospitality companies through the
distribution of Wyndham Hotels & Resorts common stock to
Wyndham Worldwide Corporation shareholders. In conjunction
with the spin-off, Wyndham Worldwide will change its name to
Wyndham Destinations, Inc. The spin-off is expected to be
completed this quarter.
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 39,000 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 21E of the Securities Exchange Act of 1934,
as amended, and Section 27A of the Securities Act of 1933, 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 makes the
statements and may be identified by terminology such as "will,"
"expect," "believe," "plan," "anticipate," "goal," "future,"
"outlook," "guidance," "target," "projection," "estimate" and
similar expressions. Forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of Wyndham Worldwide or
the post-spin companies 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
Company's expectations with respect to the spin-off and related
transactions.
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 general economic conditions, the performance of the
financial and credit markets, the economic environment for the
hospitality industry, the impact of war, terrorist activity or
political strife, operating risks associated with the hotel,
vacation exchange and rentals and vacation ownership businesses,
differences between the actual impact of recently enacted corporate
tax reform and our current expectations, uncertainties that may
delay or negatively impact the spin-off or cause the spin-off to
not occur at all, uncertainties related to the post-spin companies'
ability to realize the anticipated benefits of the spin-off,
uncertainties related to Wyndham Worldwide's ability to
successfully complete the spin-off on a tax-free basis within the
expected time frame or at all, unanticipated developments that
delay or otherwise negatively affect the spin-off, uncertainties
related to Wyndham Worldwide's ability to obtain financing for the
two companies or the terms of such financing, unanticipated
developments related to the impact of the spin-off on our
relationships with our customers, suppliers, employees and others
with whom we have relationships, unanticipated developments
resulting from possible disruption to our operations resulting from
the proposed spin-off, the potential impact of the spin-off and
related transactions on Wyndham Worldwide's credit rating,
uncertainties relating to Wyndham Worldwide's planned sale of its
European vacation rentals business and the outcome and timing of
that process, uncertainties relating to Wyndham Worldwide's pending
acquisition of La Quinta Holdings' hotel franchising and hotel
management operations and the outcome and timing of that process,
the timing and amount of future share repurchases and dividends, as
well as those factors described in Wyndham Worldwide's Annual
Report on Form 10-K, filed with the SEC on February 16, 2018, and Wyndham Hotels &
Resorts' Registration Statement on Form 10 initially filed with the
SEC on March 16, 2018, as
amended. Wyndham Worldwide undertakes no obligation to
release publicly any revisions to any forward-looking statements,
to report events or to report the occurrence of unanticipated
events.
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SOURCE Wyndham Worldwide Corporation