Wyndham Vacation Ownership, the world's largest vacation ownership company, today announced the acquisition of the Fechin Inn in Taos, New Mexico from Taos Lodging Associates Limited Partnerships. Terms of the deal were not disclosed. The hotel, located near the historic Taos Plaza, will be developed as a timeshare resort and will undergo renovations in the coming months. Once complete, the resort will become the second New Mexico property in the company's portfolio. Wyndham Vacation Ownership entered the New Mexico market in the summer of 2006 by opening its first sales center in Albuquerque and also recently acquired 22 units at the Riverside Lodge and Cabins in Red River that will be converted into timeshare units.
About Wyndham Vacation Ownership
Wyndham Vacation Ownership, a member of the Wyndham Worldwide family (NYSE: WYN), is the world's largest vacation ownership business as measured by the number of vacation ownership resorts, vacation ownership units and vacation ownership interests. Wyndham Vacation Ownership includes marketing and sales of vacation ownership interests, consumer financing in conjunction with the purchase of vacation ownership interests, property management services to property owners' associations and development and acquisition of vacation ownership resorts.
Through its three primary consumer brands, Wyndham Vacation Resorts, WorldMark by Wyndham and Trendwest South Pacific, Wyndham Vacation Ownership has developed or acquired over 140 vacation ownership resorts throughout North America and the South Pacific that represent more than 18,000 individual ownership units and more than 750,000 owners of vacation ownership and other real estate interests. Wyndham Vacation Ownership, headquartered in Orlando, Fla., is supported by more than 14,000 employees globally.
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