Wyndham Destinations buys Travel + Leisure for $100M

Wyndham Destinations, an Orlando, Fla.-based timeshare resort company, has acquired Travel + Leisure from publishing giant Meredith in a $100 million deal.

The resort company owns 230 timeshare resorts and runs 18 travel clubs. Meredith will continue to operate the media properties under a long term-licensing deal as the company uses it to enhance its travel club relationships.

“Over the past 18 months, we have laid the foundation to expand our footprint beyond our core vacation ownership business, and today we add one of the most trusted and influential brands in travel through the acquisition of Travel + Leisure,” said

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Travel + Leisure acquired by timeshare company Wyndham Destinations: Travel Weekly

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

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Wyndham Sees Opportunity at the Top of the World With Plans to Open First Hotel in Nepal

The catastrophic impact of coronavirus on travel demand isn’t keeping Wyndham Hotels & Resorts from expanding and even introducing a new brand to the Indian subcontinent.

Wyndham announced plans this week to open its first hotels in Nepal and Bhutan over the next year while also moving forward with plans to grow its Hawthorn Suites brand in India. The company sees strong market fundamentals in the region for more of its economy and extended stay brands like Hawthorn, Howard Johnson, and Days Inn as well as the midscale Ramada brand, currently its biggest brand in India.

“I believe, in the

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