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Moody's Investors Service has today affirmed the corporate family rating (CFR) and probability of default rating (PDR) of B3 and B3-PD for Compass III Limited ("Awaze"), a leading European manager of holiday rentals. Concurrently, Moody's has affirmed the B2 rating on the senior secured facilities, including the E100 million proposed add-on to the first lien term loan B, and the Caa2 rating on the second lien loan issued by Awaze Limited.
The ratings of seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR), and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 5.3% of the current pooled balance. Moody's provides a current list of base expected losses for conduit and fusion CMBS transactions on moodys.com at http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF215255.
No room service? No problem. DoorDash has partnered with Wyndham Hotels & Resorts to offer free food delivery to hotel guests at 3,700 properties in the U.S. Think of it as room service 2.0, giving hotel guests quick and easy access to local restaurants in partnership with one of the largest third-party delivery services in […]
The company continues to benefit from a flurry of deal-making last year, and it anticipates tangible merger synergies later this year.
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 22 cents. Earnings, adjusted for non-recurring costs, were 52 cents per share. The results exceeded Wall Street ...
PARSIPPANY, N.J. , April 30, 2019 /PRNewswire/ -- Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2019 . Highlights include: Revenues increased 55% compared ...
PARSIPPANY, N.J., April 4, 2019 /PRNewswire/ -- Wyndham Hotels & Resorts (WH) has been recognized for its culture of inclusion by the Human Rights Campaign on the heels of reinforcing its commitment to workplace fairness for lesbian, gay, bisexual, transgender and queer (LGBTQ) team members. Within the same week of joining the Business Coalition for the Equality Act, Wyndham Hotels & Resorts earned a perfect score of 100 as a Best Place to Work for LGBTQ Equality.
ORLANDO, Fla., March 1, 2019 /PRNewswire/ -- RCI, the global leader in vacation exchange as part of Wyndham Destinations (WYND), continued its strong growth with the addition of 103 new properties to its affiliate exchange network during the second half of 2018. The new affiliations include resorts in Asia, the Caribbean, Europe, India, Latin America, and North America. "We're committed to delivering the broadest set of vacation exchange options for our members," said Fiona Downing, senior vice president, RCI. On January 1, the 60,000 member families in Shell Vacations Club joined the RCI network, providing access for those owners to over 4,300 affiliated resorts in nearly 110 countries.
In 2015, Wyndham retooled its loyalty program to be simpler and more straightforward and to appeal to what the company often referred to as “the everyday traveler.” The highlight of this new program would be a radical departure from what every other hotel loyalty program did (and still does): Instead of having multiple redemption tiers […] The post Wyndham Is Changing Back Its Loyalty Program to Be More Like Everyone Else’s appeared first on Skift.
The company is supplementing its acquired revenue haul with expansion throughout its existing franchise system.
Despite a new rock star brand, Wyndham Hotels had a flat quarter in the U.S. market. The company is continuing to reap the benefits of its recently-acquired La Quinta franchise, which is quickly becoming the bright spot in its massive portfolio. Revenue for Wyndham Hotels increased 69 percent in the fourth quarter, with over a […] The post Wyndham Hotels Still Struggles to Add Improved Rooms in U.S. appeared first on Skift.
This view is supported by the company's roughly 40% share of all U.S. economy and midscale branded hotels as well as its loyalty program, the industry's fourth-largest by membership, which encourages third-party hotel owners to join the platform. Also, Wyndham has 10% and 5% shares of existing U.S. and global hotel rooms, respectively, with a pipeline that represents around 22% of its current unit base. As a result, we see room growth averaging around 3% over the next decade, above the 2% long-term U.S. supply growth average.