Wyndham Worldwide Completes $425 Million Term Securitization

Wyndham Worldwide Corporation (NYSE:  WYN) announced today that it has completed a term securitization transaction involving the issuance of $425 million of asset-backed notes. Sierra Timeshare 2016-1 Receivables Funding LLC issued $335 million of A rated notes and $90 million of BBB rated notes.  The notes were backed by vacation ownership loans and had coupons of 3.08% and 3.67%, respectively, for an…

Ramada Eco Beach Resort

Ramada Brand Adds Award-Winning Eco Resort In Broome

Wyndham Hotel Group, the world’s largest and most diverse hotel company, today announced the signing of a franchise agreement for the 57-key Ramada Eco Beach Resort, Broome, an award-winning, eco-friendly property in Australia that adds to the company’s growing Ramada® brand portfolio in the South Pacific. The four-and-a-half-star resort, located just over an hour’s drive…