Wyndham Worldwide Shells Out $102M For Resort Owner
The Parsippany, N.J.-based hotel and resort bought privately held Shell Vacations through its subsidiary Wyndham Vacation Ownership. The deal includes the assumption by the Wyndham subsidiary of $153 million in Shell Vacation's debt, which is primarily related to consumer loan receivables.
Wyndham will assume property management operations at Shell Vacation's 19 resort locations in eight states and Canada. The...
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