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Wyndham Worldwide Announces $200 Million Share Repurchase Program

August 21, 2007 // Franchising.com // PARSIPPANY, N.J. -- Wyndham Worldwide (NYSE: WYN) today announced that its Board of Directors has authorized a new stock repurchase program that enables the Company to purchase up to $200 million of its common stock. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors. Repurchases may be conducted in the open market or in privately negotiated transactions.

"We strongly believe Wyndham Worldwide stock has been an attractive value since last August as demonstrated through our purchase of approximately 25 million shares, valued at over $800 million, since that time," said Stephen P. Holmes, Wyndham Worldwide chairman and chief executive officer. "We have a great deal of confidence in our business, and are committed to maintaining a prudent capital structure and the flexibility to continue executing on our strategic objectives while creating shareholder value."

About Wyndham Worldwide

As one of the world's largest hospitality companies, Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands. Wyndham Hotel Group encompasses almost 6,500 franchised hotels and almost 542,000 hotel rooms worldwide. RCI Global Vacation Network offers its more than 3.4 million members access to over 60,000 vacation properties located in approximately 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of approximately 140 vacation ownership resorts serving over 800,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs more than 30,000 employees globally.

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