Wyndham Acquires Santa Fe's Casa Pueblo Inn
Property to Become Company's Third Resort in the State
DECEMBER 7, 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 acquisition of Casa Pueblo Inn located in Santa Fe, New Mexico from 138 Park Avenue Partnership and 513 W. San Francisco Partnership. Terms of the deal were not disclosed.
The resort will be known as WorldMark Santa Fe and renovations will begin early next year. Operating within the company's WorldMark, The Club portfolio, it is anticipated the resort will welcome owners and their guests in fall 2008. This acquisition further expands the company's New Mexico presence and complements the recently opened WorldMark Red River resort, the Taos property currently in development, and the sales center in Albuquerque.
'This acquisition underscores our continuous commitment to growing and enhancing our WorldMark portfolio,' said Franz Hanning, president & CEO of Wyndham Vacation Ownership. 'Adding yet another resort to WorldMark, The Club further demonstrates the strength of the Club and the vacation experience we are providing to our more than 250,000 owners as well as the tremendous value proposition we are offering to the New Mexico community.'
Featuring a native Southwest pueblo-inspired design, the hotel will be transformed into a 32- room boutique-style resort with a combination of standard studio and one- bedroom units. The resort is conveniently located within walking distance of Santa Fe's city center as well as a number of art galleries and restaurants.
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