RCI, the worldwide leader in vacation exchange (NYSE: WYN), recently welcomed two new affiliate resorts in China to its exchange network - Blue Bay International Resort and Fujian Wuyi Hot Spring Resort. With these additions, RCI's portfolio in China now boasts over 60 properties. This agreement allows 3.8 million RCI members to access vacation exchanges in China.
In addition to a half decade of recognition in North America by the Dow Jones Sustainability Index, Wyndham Worldwide (NYSE: WYN) is for the first time being named a socially responsible leader in Europe through the FTSE4Good Index Series. FTSE4Good measures the performance of companies demonstrating strong environmental, social and governance practices.
ILG announced today that it has completed a term securitization transaction involving the issuance of $325 million of asset-backed notes. VSE 2017-A VOI Mortgage LLC, an indirect wholly-owned subsidiary of Vistana Signature Experiences, Inc. (“Vistana”) issued these notes in three tranches: $240 million of Class A notes rated AAA/AAA with an interest rate of 2.33%; $59 million of Class B notes rated A/A with an interest rate of 2.63%; and $26 million of Class C notes rated BBB/BBB with an interest rate of 2.93%. The notes are backed by vacation ownership loans from both Vistana Signature Experiences and Hyatt Vacation Ownership and had an overall weighted average coupon of 2.43%. The advance rate for this transaction was approximately 97%.
Wyndham Vacation Resorts Asia Pacific’s Customer Experience team has been recognised in two categories at the prestigious Australian Service Excellence Awards, which will be held at the Westin Hotel in Sydney on October 25.
The holidays may make visions of sugarplums dance in one's head -- probably because the hustle and bustle of holiday shopping has brought on fatigue and hallucinations. Why should this magical season be filled with stress? Royal Holiday Vacation Club members have the option to leave frigid temperatures and shopping madness behind with a stay aboard an all-inclusive cruise ship. Instead of tangling with testy family members, Royal Holiday patrons can relax and unwind, watch the scenery go by, and spend some quality time with their loved ones. There's no shortage to the benefits to be gained by celebrating winter holidays on the high seas.