Register
It is currently Wed 05 Aug 2020 10:43 pm

2018 PROXY OFFER BY WYNDHAM COMES TO OWNERS PHONE (FB)

View active topics

All times are UTC - 8 hours


Post new topic Reply to topic  [ 19 posts ]  Go to page Previous  1, 2
Author Message
 PostPosted: Fri 13 Jul 2018 7:57 pm   

Joined: Tue 26 Sep 2017 8:00 pm
Posts: 523
bizaro86 wrote:
Sorry, I only cut and pasted a bit, as the document is very long. RemainCo is destinations (the timeshare business). They are paying a royalty to the hotels business, which was spun out.

The spin was financial engineering to make a capital light business (hotel company). By adding $65 MM of royalty payments, the hotel side has more income and the timeshare side less. Because the hotel side will trade at a higher multiple, that should theoreticalally make shareholders richer.


geist1223 wrote:
So I assume that Wyndham Destinations assumes they will have multiples of $65 Million in income if they can afford to pay the Hotel Group $65 Million per year.

Also with the spin off into Wyndham Destinations how does that relate to our Management Contract with Wyndham as the Company we signed a Management Contract no longer technically exists?


"Multiple" refers to valuations.
The Hotel business is seen as much less risky that the timeshare business, so the hotel business trades at a higher multiple of revenue.
The valuation of Wyndham Worldwide pre-spinoff would have been based on multiples of the different business segments.
I assume this would be based upon EBITDA.

Wyndham Destinations pays Wyndham Hotels & Resorts, as WH holds the trademarks to the Wyndham name.


Top
 Profile  
 PostPosted: Sat 14 Jul 2018 8:50 am   
User avatar

Joined: Wed 21 Jul 2004 4:51 pm
Posts: 16055
Location: California
I just read that it takes 15,000 Wyndham Rewards points to reserve 1 night in a Wyndham hotel. so the 375,000 will get 25 nights. However, Wyndham Rewards points have an expiration date.

_________________
WM Owner since 1999


Top
 Profile  
 PostPosted: Sat 14 Jul 2018 3:28 pm   
User avatar

Joined: Fri 16 Apr 2004 6:54 pm
Posts: 4806
Location: Yakima, Washington
Claude wrote:
bizaro86 wrote:
geist1223 wrote:
So I assume that Wyndham Destinations assumes they will have multiples of $65 Million in income if they can afford to pay the Hotel Group $65 Million per year.

Also with the spin off into Wyndham Destinations how does that relate to our Management Contract with Wyndham as the Company we signed a Management Contract no longer technically exists?


Nothing changed. Wyndham Worldwide still exists, it just has a new name, Wyndham Destinations, and longer owns some of its other assets.

https://www.worldmarktheclub.com/board/ ... eement.pdf

Wyndham Resort Development Corporation is the entity that has the relationship with WorldMark, The Club; both as Manager and Developer.
It happens to be a subsidiary of Wyndham Vacation Ownership, Inc; which was a subsidiary of Wyndham Worldwide.
Wyndham Worldwide has been renamed Wyndham Destinations as of the spin-off date.
Claude's explanation is presented visually on the WMOwners.com website here.

Both the history & bubble chart that you see, now need another revision...any volunteers?

_________________
Gary
Assign your proxy to WM Owners, Inc. Do NOT assign your proxy to WorldMark's BOD.
WM Owner since 2003.


Top
 Profile  
 PostPosted: Mon 06 Aug 2018 1:36 pm   

Joined: Mon 06 Aug 2018 12:56 pm
Posts: 1
This is my question too...
How do I assign my proxy to WM Owners?


Top
 Profile  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 19 posts ]  Go to page Previous  1, 2

All times are UTC - 8 hours


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  


Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Style originally created by Volize © 2003 • Redesigned SkyLine by MartectX © 2008 - 2010