Given the company’s relatively cheaper valuation versus the peers, the board of directors asked the company management to consider an option of separating the vacation ownership business. Mr. Brown was a COO of Hilton Grand Vacations while it was being spun off from Hilton and is expected to play a key role in the separation of Vacation Ownership Business at Wyndham. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. Wyndham Vacation Ownership (Spin-Off)The Company’s Wyndham Vacation Ownership segment develops and acquires vacation ownership resorts; markets and sells vacation ownership interests (VOIs), provides consumer financing, and provides property management services to property owners’ associations. The company recorded revenues of $2,794 million (49% of total) and EBITDA of $694 million (48% of total) in Vacation Ownership business in FY16.

Source: Forbes May 01, 2017 17:34 UTC