Wyndham Destinations Acquires Travel And Leisure Brand

Share Repurchases — During the first quarter of 2023, the Company repurchased 2.5 million shares of widespread inventory for $102 million at a weighted common worth of $40.thirteen per share. As of March 31, 2023, the Company had $375 million remaining in its share repurchase authorization. Timeshare Receivables Financing — Subsequent to the top of the first quarter, the Company closed on a $250 million term securitization transaction with a weighted average coupon of 6.3% and a ninety one.3% advance fee.

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Jeff Myers serves as Chief Sales and Marketing Officer for Wyndham Destinations, the vacation possession business line of Travel + Leisure Co. In this capability, Myers oversees the development and supply of gross sales and advertising strategies, packages, gross sales training and growth across all of Wyndham’s trip club manufacturers within the United States, Canada, Mexico and the Caribbean. Trident Hotels falls under the aegis of The Oberoi Group, and are five-star resorts which have established a popularity for excellence and are acknowledged for offering high quality and value. These motels combine ideal locations with state-of-the-art services and reliable service in a caring environment, making them …