Monday, February 12, 2018

Wyndham reportedly selling European vacation-rentals unit in $1B deal

Wyndham Worldwide is in negotiations with Platinum Equity to sell its European vacation-rentals business, which has been valued at $1 billion including debt, says the The Wall Street Journal. The sale fits in with Wyndham’s plans, which it announced in August, to turn its hotel and timeshare businesses into two publicly traded companies.

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