Wyndham May Sell Its European Vacation Rental Brands on the Way to a Spinoff
Photo Caption: Kilminorth Cottages in Watergate, Looe in South Cornwall, England, are part of Hoseasons, one of Wyndham's many vacation rental brands based in Europe. Hoseasons/Wyndham Worldwide
Skift Take
Who's looking to buy up some European vacation rental businesses? Our money's on AccorHotels, Airbnb, and HomeAway, among others.
This week, Wyndham Worldwide divulged its plans to spin off its hotel business and separate the organization into two separate companies: one primarily focused on timeshares and U.S.-based vacation rentals, and the other having to do solely with the hotel business.
Thursday, during Wyndham's second quarter 2017 earnings call with investment analysts, CEO Stephen P. Holmes offered a few more details about that planned spinoff, as well as the possible sale of Wyndham's European vacation rental businesses.
Holmes said that as the company follows the path toward a completed spinoff by the first half of 2018, it will "explore strategic alternatives" related to its European rental brands, which collectively account for approximately 110,000 properties.
A spokesperson for Wyndham told Skift on Wednesday that Wyndham's North American rentals, which comprise approx
