Wyndham Adds Five Resorts in Kauai to FairShare Plus
JULY 11, 2007. Wyndham Vacation Ownership, the world's largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced the five Kauai-based resorts associated with the company's acquisition of privately-held PAHIO Resorts, Inc. and PAHIO Vacation Ownership, Inc. in July 2006 will now be affiliated with its FairShare Plus by Wyndham exchange program portfolio.
The former PAHIO resorts include Ka 'Eo Kai, Kauai Beach Villas, Shearwater, Bali Hai Villas and Makai Club and Cottages, which are located in the northern and eastern areas of Kauai. The resorts previously operated in a portfolio primarily available to PAHIO's pre-existing owners.
The company's FairShare Plus by Wyndham portfolio in Hawaii is now comprised of nine resorts throughout the islands. Wyndham Vacation Ownership also boasts an additional resort on Kauai, WorldMark Kapaa Shores, which operates within its WorldMark by Wyndham portfolio.
'As an established leader in Hawaii, we are extremely proud to expand our existing FairShare Plus by Wyndham resort portfolio in one of our most popular vacation destinations by introducing our members to these world-class resorts on the Garden Island known for its natural beauty and pristine beaches,' said Franz Hanning, Wyndham Vacation Ownership president and chief executive officer. 'We're also tremendously pleased to welcome the former PAHIO owners into our industry-leading organization and introduce them to a wider variety of resort accommodations throughout the world.'
Individuals who previously owned with PAHIO may elect to join the FairShare Plus by Wyndham internal timeshare exchange program and expand their vacation choices to more than 75 resorts throughout North America. If they elect not to join the program, they will maintain their ability to vacation within the original PAHIO system as set forth by their contract.
An expansion of two-and three-bedroom condominium-style units is currently proposed at the Bali Hai Villas resort. An already stunning property featuring intricately landscaped gardens, a waterfall and tennis court, the expansion will also include the addition of an extensive clubhouse. The expansion is expected to be completed by third quarter 2008.
The company also recently announced the grand opening of the 195 unit timeshare property at Waikiki Beach Walk in its FairShare Plus by Wyndham portfolio and boasts six other vacation ownership resorts on the Big Island, Maui and Oahu among its FairShare Plus by Wyndham and WorldMark by Wyndham portfolios.
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