ORLANDO, FL—Wyndham Destinations Inc., a new publicly traded timeshare company, has revealed that its future global headquarters location will be located here, starting in early 2019.
The company plans to create 200 new jobs with average salaries of $89,000, that’s nearly double the overall prevailing average wage in Orange County, FL, and is making a $7.5 million capital investment. The new employees will be hired over the course of the next two years, consisting of corporate headquarters professional positions in legal, information technology, human resources and finance.
Last year, Wyndham Worldwide stated its plans to spin off the company’s hotel business, resulting in two separate, publicly traded companies. Wyndham Hotel Group, headquartered in Parsippany, NJ, and Wyndham Destinations, which includes Wyndham Vacation Ownership and Wyndham Destinations, located in Orlando, both of which have long-term exclusive license agreements with Wyndham Rewards.
“Over the past decade, we have built the world’s largest vacation ownership and exchange company thanks to the hard work of our employees and the loyalty of our customers,” said Michael D. Brown, president and CEO for Wyndham Destinations. “We are excited to move forward as a focused, pure-play company with a leading market position and significant growth opportunities. With our experienced management team, robust sales and marketing platform, and increased financial flexibility, we look forward to providing our owners and guests with great vacation experiences and delivering value for our shareholders in the years to come.”
Wyndham Destinations has a global presence in 110 countries at more than 220 vacation ownership resorts and more than 4,300 affiliated exchange properties making it the world’s largest vacation ownership, exchange and rental company. It employs more than 25,000 people around the globe.
The company considered locating in Orange County, NJ and Indiana.