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...Also under construction is Ocean Sixteen, an 87-unit apartment complex within the Wyndham Grand Resort at Rio Mar....
...Now, the company is no longer the franchisor, there’s an SPE. Any new store agreement is for the benefit of the securitisation.”...
...Also, the cash will allow Cendant to pay down debt and increase the strategic flexibility of Realogy, its real estate arm, and Wyndham Worldwide hotels....
...It bought five US hotel companies worth $12bn in the year to February, including MeriStar, La Quinta and Wyndham International....
...Cendant is spinning off Realogy Corp, its real estate services division, and Wyndham Worldwide, its hotels unit....
...Spin-offs are planned for Realogy, the real estate arm, in June; for hotels division Wyndham this summer; and for the Avis-Budget car rental unit....
...It bought budget hotelier La Quinta for $3.4bn and Wyndham International for $3.2bn....
...The group last year bought 14 Wyndham hotel properties from Blackstone for $1.4bn. In addition to the Tropicana casinos, Aztar has three properties in Nevada, Missouri and Indiana....
...If all goes well, the IPO of Realogy will be closely followed by that of Wyndham Worldwide, which will house Cendant’s hospitality assets, including the Days Inn hotel franchise....
...Triarc Companies, a holding company and the franchisor of the Arby’s restaurant system in the US, is also considering making a final bid....
...Triarc Companies, a holding company which is the franchisor of the Arby’s restaurant system in the US, also took part in the earlier stages of the auction....
...Blackstone, a US private equity group, last week agreed to buy budget hotelier Dallas-based La Quinta for $3.4bn, four months after striking a deal to buy upscale hotel chain Wyndham for $3.2bn....
...Klein, CEO of Global Banking, Citigroup Fred Kleisner, Chairman and CEO, Wyndham Hotels Resorts Jerome Kohlberg, Special Limited Partner, Kohlberg Co....
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