Wyndham Worldwide Corporation, which is a 2006 spin off from the Cendant corporations, is a US based holding company for the hotel and lodging brands Wyndham Hotels and Resorts, among several others.
Image: company website
While the holding company was founded in 2006 (through the spin off), the hotel and resort chain was founded in 1981 in Dallas, Texas by Trammel Crow. While the company saw rapid growth in the 1990s, it burned a lot of cash on the way and amidst a financial crunch was forced to sell off several of its properties in the early 2000s.
In 2005, the firm was acquired by Blackstone group, and then subsequently sold off to Cendant, later becoming part of the Wyndham Worldwide group. The headquarters of the holding company are in Parsippany Troy Hills, New Jersey in US, with Stephen Holmes as the Chairman and CEO.
With close to 7400 properties under its name, the Wyndham group tops the list of having the maximum number of hotels. Boasting of properties listed under 15 brands across 66 countries in the six continents, Wyndham offers lodging services in segments ranging from economy to upscale. Among its famous brands are the Baymont Inn and Suites, Dolce, Days Inn, Knights Inn, Hawthorn Suites, Super 8, Travelodge as well as the famous Ramada Worldwide. The group also acquired the TRYP brand from Spain’s Sol Melia Resorts and Hotels in 2010 giving it exposure to business and leisure travellers in several destinations in Europe and Latin America. Its vacation ownership programme is currently the largest in the world and is headquartered in Orlando, Florida.
It is a publically listed company and trades on NYSE and S&P 500.