ORLANDO, FL (October 24, 2011) — Wyndham Vacation Ownership (WVO), the world’s largest vacation ownership company and member of the Wyndham Worldwide family of companies (NYSE:WYN), has announced it has completed the purchase of the remaining unsold inventory in a 22-unit building at Dye Club Villas in North Myrtle Beach, SC, an existing upscale vacation community, home to a number of private fractional owners. The inventory will be rebranded as Wyndham Dye Villas at Myrtle Beach and will continue to be managed by the original developer, Dye Club Villas, LLC.
“The Myrtle Beach area continues to be a highly sought after vacation destination, and we are pleased to not only increase our presence in this market, but continue offering exceptional products and services to our prospective owners,” said Travis Bary, executive vice president of Sales and Marketing, Wyndham Vacation Ownership. “This acquisition allows us to expand our portfolio of Presidential Reserve SuitesSM and introduce new buyers to the exclusive benefits and first-class amenities we are known for.”
The inventory will be part of the CLUB WYNDHAM® Presidential Reserve product, where buyers will own a deeded undivided interest in a three- bedroom, luxurious Presidential Reserve Suite at the resort. Through this exclusive product, members will benefit from presidential accommodations every time they travel to this resort, including exclusive on-property services and amenities, customized stays, designated reservation assistance and priority reservations. Sales are anticipated to begin later this year, with first owner arrivals beginning in late December 2011.
“Affiliating with CLUB WYNDHAM and its luxury product line is a great opportunity and complements our existing high quality vacation property,” said Samuel Puglia, developer, Dye Club Villas, LLC. “We believe the relationship with a respected brand like Wyndham will create future opportunities and enhance the overall ownership experience here at Dye Club Villas.”
Located within picturesque Barefoot Resort and just steps away from the 100 retail shops and 15 restaurants at Barefoot Landing, Wyndham Dye Villas at Myrtle Beach is situated near the Intracoastal Waterway and features luxurious three-bedroom, three-bathroom suites with spacious floor plans. Fine details include 9-foot ceilings, granite countertops, black granite flooring, hand-finished mahogany cabinetry, stainless steel appliances and private balconies. Guests will enjoy privileges at the exclusive Dye Club, including the upscale clubhouse and private oceanfront cabana, outdoor pool, state-of-the-art fitness center and spa, plus access to four area championship golf courses designed by Greg Norman, Davis Love III, Tom Fazio and Pete Dye.
Wyndham Dye Villas at Myrtle Beach will become the company’s sixth resort location in the Myrtle Beach area, and ninth overall in South Carolina. Other Myrtle Beach locations include: Wyndham at the Cottages, Wyndham Ocean Boulevard, Wyndham SeaWatch Plantation, Wyndham Vacation Resorts Towers on the Grove at North Myrtle Beach and Wyndham Westwinds.
With this latest inventory acquisition, WVO continues to expand its portfolio of exclusive Presidential Reserve Suites in popular vacation destinations. In late fourth quarter 2011, WVO is anticipated to release additional, limited 3-bedroom Presidential Reserve luxury accommodations for reservations at Wyndham Vacation Resorts Emerald Grande™ at Destin.
About Wyndham Vacation Ownership
Wyndham Vacation Ownership, a member of Wyndham Worldwide’s (NYSE: WYN) family of companies, is the world’s largest vacation ownership business, as measured by the number of vacation ownership resorts, individual vacation ownership units and owners of vacation ownership interests. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its three primary consumer brands, CLUB WYNDHAM®, WorldMark by Wyndham, and Wyndham Vacation Resorts Asia Pacific. As of December 31, 2010, Wyndham Vacation Ownership had developed or acquired more than 160 vacation ownership resorts throughout the United States, Canada, Mexico, the Caribbean and the South Pacific that represent approximately 20,500 individual vacation ownership units and more than 800,000 owners of vacation ownership interests. Wyndham Vacation Ownership is headquartered in Orlando, Fla., and is supported by approximately 13,300 employees globally.
Manager, Corporate Communications
Wyndham Vacation Ownership
Office: (407) 626-5882
Cell: (407) 619-6989
SOURCE: Wyndham Vacation Ownership