Press Releases
WYNDHAM VACATION OWNERSHIP DEBUTS ON POPULAR LAKE
MARION IN SOUTH CAROLINA
Company Purchases Multiple Units and Plans Expansion in
Santee
ORLANDO, Fla. (Jan. 9, 2008) - Wyndham Vacation Ownership, the
world’s largest vacation ownership company and a member of the
Wyndham Worldwide family of companies (NYSE: WYN), today announced
the acquisition of 33 vacation ownership units at the lakefront
Ballards Pointe master planned community in Santee, S.C. from
Ballards Pointe III, LLC. Wyndham Vacation Ownership also entered
into a contractual agreement to purchase 78 additional units in two
future phases, anticipated to occur through early 2009. Terms of the
deal were not disclosed.
Scheduled to operate under the company’s FairShare Plus by Wyndham
exchange portfolio, this acquisition marks the company’s sixth
resort in South Carolina, complementing its properties in Myrtle
Beach and Edisto Beach.
“Santee may be one of the best-kept secrets in South Carolina,” said
Franz Hanning, president & CEO, Wyndham Vacation Ownership. “Whether
our owners are seeking an outdoor adventure or a vacation spent
exploring the beauty and charm of the South, they can find it all at
this new property. With spectacular lake views and a location near
some of South Carolina’s most popular cities, our owners are going
to enjoy the vacation possibilities offered by this new resort.”
Centrally located near I-95 with convenient access to such day-trip
destinations as Myrtle Beach, Hilton Head, Charleston and Columbia,
Santee is a year-round destination with championship golf courses,
hiking trails, state parks and shops. The area is most widely known
for Lake Marion, a beautiful lake popular for its water activities,
including fishing, boating, swimming and water skiing.
When complete in 2009, the property will feature a mix of
well-appointed two- and three-bedroom units as well as three-bedroom
Presidential units. Each fully furnished unit will feature spacious
interiors, a full kitchen, dining area, garden tub and washer and
dryer. The units offer pristine views of land protected as a
national park. Located directly on Lake Marion, the resort will
feature a clubhouse, swimming pool, tennis courts and boat slips.
The Shuler Group of Orangeburg, S.C. developed the project. Ballards
Pointe III is the third and final phase of The Shuler Group’s
Ballards Pointe Development. The Shuler Group is a full-service real
estate development and venture management firm based in Orangeburg,
S.C.
About Wyndham Vacation Ownership
Wyndham Vacation Ownership, a member of Wyndham Worldwide’s (NYSE:
WYN) family of companies, is the world’s largest vacation ownership
business, as measured by the number of vacation ownership resorts,
individual vacation ownership units and owners of vacation ownership
interests. Wyndham Vacation Ownership develops, markets and sells
vacation ownership interests and provides consumer financing to
owners through its three primary consumer brands, Wyndham Vacation
Resorts, WorldMark by Wyndham, and Wyndham Vacation Resorts Asia
Pacific. As of July 31, 2007, Wyndham Vacation Ownership had
developed or acquired more than 135 vacation ownership resorts
throughout the United States, Canada, Mexico, the Caribbean and the
South Pacific that represent more than 17,000 individual vacation
ownership units and more than 800,000 owners of vacation ownership
interests. Wyndham Vacation Ownership is headquartered in Orlando,
Florida, and is supported by more than 16,000 employees globally.
# # #
Media Contact:
Bonnie Bastian – Manager, Corporate Communications
Wyndham Vacation Ownership
Phone: (866) 495-1924
E-mail:
Bonnie.Bastian@wyndhamvo.com
