Wyndham Destinations, formerly Wyndham Worldwide Corp., completed the spinoff of Wyndham Hotels & Resorts Inc.
Wyndham Destinations now operates as a vacation ownership and rental company with a presence in 110 countries at more than 220 vacation ownership resorts.
Wyndham Hotels & Resorts will operate as a publicly traded hotel franchising and management entity.
Wyndham Worldwide common stockholders on record as of May 18 received one share of Wyndham Hotels & Resorts common stock for each share of Wyndham Worldwide common stock held.
The spinoff, announced in August 2017, received board approval May 10.
