Wyndham Vacation Ownership Adds Emerald Grande Resort to Florida Portfolio
Wyndham Vacation Ownership, the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies, today announced it has executed a sales and marketing agreement with Emerald Grande, LLC, its fourth fee-for-service sales model agreement overall and second to be signed in 2011. The resort will be marketed as Wyndham Vacation Resorts Emerald Grande at Destin. Terms of the agreement were not disclosed.
Through this agreement, unsold vacation ownership interests will become part of CLUB WYNDHAM Access, the company’s flexible club-based product. WVO will become the exclusive sales and marketing agent for the sale of CLUB WYNDHAM Access vacation ownership interests at Emerald Grande at HarborWalk Village, with sales anticipated to begin in the fourth quarter of 2011. Completion of the transaction is subject to customary closing conditions. Residential condominium purchases and rentals at the resort, as well as property management services, will continue to be managed by Emerald Grande, LLC.
“Destin has always been an extremely popular destination for our owners, especially during the summer months, and we are extremely proud to welcome Emerald Grande into our portfolio of premier resorts,” said Franz Hanning, president and chief executive officer, Wyndham Vacation Ownership. ”This latest fee-for-service agreement not only enables us to move forward with a key business strategy and partner with an experienced developer known for setting benchmarks for quality, it also offers our owners and guests another unique and memorable vacation experience in a highly sought after location.”
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