Press Releases
WYNDHAM VACATION OWNERSHIP ACQUIRES PROPERTY IN NEW BRAUNFELS, TEXAS
Company Purchases Multiple Vacation Ownership Units in Activity-Rich Area Between Austin and San Antonio
ORLANDO, Fla. (Feb. 21, 2008) - Wyndham Vacation
Ownership has announced it has expanded its presence in Texas with
the acquisition of 20 newly constructed vacation ownership units
adjacent to the Guadalupe River in New Braunfels, Texas from Blewett,
Allen, Bingham LLC. Wyndham Vacation Ownership also entered into a
contractual agreement to purchase 26 additional units and club
house, anticipated to occur later in 2008. Terms of the deal were
not disclosed.
Scheduled to operate under the WorldMark by Wyndham portfolio of
products, the new property is located approximately 50 minutes from
Austin and 35 minutes from San Antonio in the heart of the Texas
Hill Country. The resort is anticipated to open for owners in late
summer, 2008.
“This area of Texas has long been a desirable vacation destination
and New Braunfels, with its natural landmarks, many outdoor
activities, historic charm and close proximity to both Austin and
San Antonio is an excellent addition to our portfolio,” said Franz
Hanning, president & CEO, Wyndham Vacation Ownership. “We look
forward to debuting to our owners another resort in Texas and
expanding the number of their vacation options as well as our
presence in this visitor-friendly state.”
Featuring a rustic design, the property will include a mix of
well-appointed two- and three-bedroom condominium-style units as
well as three-bedroom penthouse units. Each unit will include a full
kitchen, living room and multiple bedrooms. The property’s 5,000
square ft. club house will be the home to a fitness center;
children’s activities area; pool and spa; recreation room; arcade;
and Internet and business space.
Centrally-located between San Antonio and Austin, New Braunfels
offers visitors a culturally rich destination with multiple
activities. Outdoor enthusiasts can enjoy activities such as golf;
fishing; whitewater rafting and tubing along the Guadalupe and Comal
Rivers; and exploring the Natural Bridge Caverns. New Braunfels is
home to a number of family-friendly attractions including the
Schlitterbahn Waterpark Resort, rated the number one waterpark in
the world by the Travel Channel. For a change of pace, visitors can
explore the German heritage of the area as well as the city’s shops,
restaurants and Historic District of Gruene.
This acquisition marks the company’s third resort in Texas,
complementing its Wyndham La Cascada and Wyndham Riverside Suites
properties in San Antonio as well as the company’s Austin sales
office.
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 December 31, 2007, Wyndham Vacation Ownership had
developed or acquired approximately 145 vacation ownership resorts
throughout the United States, Canada, Mexico, the Caribbean and the
South Pacific that represent more than 17,500 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 17,700 employees globally.
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Media Contact:
Bonnie Bastian – Manager, Corporate Communications
866-495-1924
Bonnie.Bastian@wyndhamvo.com
