Wyndham Vacation Resorts Asia Pacific, a unit of Wyndham Worldwide Corp., plans to spend at least A$20 million ($18.5 million) this year in Australia and New Zealand to buy properties and introduce its Days Inn and Super 8 brands in the region.
The company may announce an acquisition as early as next month, Wyndham VRAP Chief Executive Officer Barry Robinson said. Wyndham club owners pay an up-front fee and annual levy for holiday credits issued each year, which can be used to buy time at any of the resorts in Wyndham’s and its affiliates’ networks.
Full report here ( Source: Bloomberg.com)
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