Wyndham Vacation Resorts Asia Pacific, a division of world leading hospitality company Wyndham Worldwide (NYSE:WYN), today announced the addition of the Ramada Resort Phillip Island property to its expanding portfolio of resorts in the South Pacific.
The agreement for the property, formerly known as All Seasons Phillip Island Resort, is for management rights of a selection of villas providing a combination of studio, two and three bedroom self-contained holiday apartments which will serve as a mixed-use property. In addition to the franchise agreement with Wyndham Hotel Group, the world’s largest hotel company with approximately 7,200 hotels, Wyndham Vacation Resorts Asia Pacific has also contracted to acquire a number of rooms and the common areas in the resort from Moss Capital who today acquired the freehold land including the common areas and 74 villas. A selection of villas will transfer into WorldMark South Pacific Club by Wyndham, for use by its more than 44,000 timeshare owners.
“The re-branding of Ramada Phillip Island is an integral step in our company’s strategic direction to grow our portfolio in key tourism destinations with properties that are suitable for both hotel and apartment-style vacationing,” said Barry Robinson, Managing Director of both Wyndham Vacation Resorts Asia Pacific and Wyndham Hotel Group in the South Pacific.