Timeshare company Wyndham Destinations, which spun off from Wyndham Hotels and Resorts in 2018, has acquired Travel + Leisure from Meredith Corp. for $100 million.
Wyndham Destinations, which is publicly traded, will change its name to Travel + Leisure Co. and will adopt the ticker symbol TNL in mid-February.
Meredith will continue to produce and monetize the media assets under a renewable 30-year, royalty-free lease and will handle advertising and marketing, produce its related print magazine and operate its website, podcasts and social media channels.
Editor in chief Jacqueline Gifford said that she and the editorial staff remain Meredith