Wyndham Worldwide Corporation
) operational arm Wyndham Vacation Ownership (WVO) in association
with Margaritaville Hospitality Group is on the verge of
reconstructing Grand Beach Palace Resort, in St. Thomas, U.S.
Virgin Islands. Positioned at the northeast of St. Thomas, the
25-acre resort is strategically located near the beach.
The redeveloped resort, Wyndham St. Thomas will be the first
Margaritaville Vacation Club branded property. In order to
restore the property, Wyndham has taken a refurbishment
initiative, which is scheduled to start this summer. Primarily,
the resort's 290 guest rooms will be converted into 262
condominium units. Subsequently, the resort will undergo a
complete renovation within a period of three years.
Wyndham St. Thomas is slated to open for business in 2014.
With the completion of the restoration, the resort is likely to
generate new employment opportunities in the region.
However, to tap the growing potential,
Marriott International Inc.
) is also developing its vacation ownership timeshare business in
St. Thomas, U.S. Virgin Islands through its Marriot Vacation
Wyndham's Vacation Ownership segment develops, markets, and
sells vacation ownership interests to individual consumers,
provides consumer financing in connection with the sale of VOIs,
and offers property management services at resorts.
Wyndham derives a substantial chunk of revenues from its
vacation ownership or timeshare business, which has solid
long-term potential. Revenues from the Vacation Ownership segment
at Wyndham rose 12.0% to $590.0 million in the fourth quarter of
Wyndham carries a Zacks Rank #3 (Hold). Some players in the
same industry, which are going to perform well, moving ahead,
Home Inns & Hotels Management Inc.
Choice Hotels International Inc.
). Home Inns & Hotels Management carries a Zacks Rank #1
(Strong Buy) while Choice Hotels has a Zacks Rank #2 (Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis
HOME INNS&HOTEL (HMIN): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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