This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other paid media. By continuing to use this website, you consent to these cookies, to our Privacy Notice and Terms of Use.
Our Separation
On June 1, 2018, Wyndham Destinations, Inc. (NYSE: WYND), formerly known as Wyndham Worldwide Corporation, announced that it completed the spin-off of Wyndham Hotels & Resorts, Inc. (NYSE: WH) to become the world's largest vacation ownership and exchange company. Wyndham Destinations formerly traded on the New York Stock Exchange under the ticker "WYND."
The spin-off was effected through a pro rata distribution of Wyndham Hotels & Resorts common stock to Wyndham Worldwide stockholders of record as of 5:00 pm on May 18, 2018, the record date for the distribution. Each Wyndham Worldwide stockholder received one share of Wyndham Hotels & Resorts common stock for each share of Wyndham Worldwide common stock held by such stockholder on the record date. Upon completion of the spin-off, Wyndham Worldwide stockholders own 100% of the common stock of Wyndham Hotels & Resorts and will continue to own 100% of the common stock of Wyndham Destinations.
Beginning in June 2018, Wyndham Destinations expected to pay a quarterly cash dividend of $0.41 per share and Wyndham Hotels & Resorts expects to pay a quarterly cash dividend of $0.25 per share. The dividends, in aggregate, are consistent with Wyndham Worldwide's previous quarterly dividend of $0.66 per share.
Please click here for questions and answers about the spin-off.
On February 17, 2021, Wyndham Destinations, Inc. was renamed Travel + Leisure Co. and trades on the NYSE under the new ticker symbol TNL.
Materials & Presentations
- Form 8-K containing unaudited pro forma condensed consolidated financial statements reflecting the impact of the spin-off (June 4, 2018)
- Wyndham Destinations Overview (March 19, 2018)
- Wyndham Destinations Supplementary Financial Information (May 2, 2018)
Wyndham Hotels & Resorts Tax Forms
- Wyndham Hotels Spin Off Tax Information and Basis Allocation (June 8, 2018)
- Wyndham Hotels Spin Off Tax Form 8937