Wyndham Vacation Clubs Announces Its Entry Into Japan
Wyndham Vacation Clubs announced today it has entered into an agreement to acquire privately-held Resort Frontier Co. Ltd, the management company for Sundance Resort Club, a points-based vacation club with over 11,000 members and 16 resort destinations. This new addition to the portfolio expands the Clubs’ resort offerings in the Asia Pacific region to 52, and establishes its resort presence in Japan.
Under the terms of the agreement, Wyndham Vacation Clubs Asia Pacific will manage the resort portfolio across Japan and be responsible for the administration of Sundance Resort Club and the servicing of its club members. The acquisition also sees the company purchase the balance of the unsold inventory in the Sundance Resort Club.
“We are pleased to be expanding our operations across Asia with this significant acquisition in Japan. This complements the steady growth of Wyndham Vacation Clubs in the region, specifically Club Wyndham Asia and Club Wyndham South Pacific by adding 16 more locations across our portfolio of resorts. We look forward to building upon the achievements of Resort Frontier Co. Ltd and Sundance Resort Club,” said Barry Robinson, President, and Managing Director, International Operations, Wyndham Vacation Clubs.
The 16 resorts are all within a two-hour train ride from Tokyo and close to popular tourist hotspots such as the ski destination of Yuzawa, iconic Mt Fuji, hot springs locations of Azul Kogen and Hakone and the famous beach destination of Onjuku, where surfing will debut as an Olympic sport in the 2020 Summer Olympics.
This expansion into Japan takes the Wyndham Vacation Clubs Asia Pacific managed resort portfolio to 69 properties across Australia, New Zealand, Fiji, Indonesia, Thailand, Hawaii, Europe and now Japan. More than 71,000 Asia Pacific vacation club members enjoy the flexibility of Wyndham Vacation Club’s points-based system, traveling to and exploring places they haven’t visited before, year after year, staying in spacious condominium-style apartments, without sacrificing access to resort-style amenities and services. “We’re excited to benefit from the significant size and scale of Wyndham Vacation Clubs, which is recognized for delivering exceptional vacation experiences the world over and we look forward to the opportunities that brings,” said Mr. Koki Kubota, CEO of Resort Frontier.
Wyndham Vacation Clubs are a part of Wyndham Destinations (NYSE:WYND), the world’s largest vacation ownership and exchange company featuring more resorts than the next two largest vacation ownership companies combined and close to one million members.
About Wyndham Destinations
Wyndham Destinations (NYSE:WYND) believes in putting the world on vacation. As the world’s largest vacation ownership and exchange company, Wyndham Destinations offers everyday travelers the opportunity to own, exchange or rent their vacation experience while enjoying the quality, flexibility and value that Wyndham delivers. The company’s global presence in approximately 110 countries means more vacation choices for its four million members and owner families, with more than 220 resorts that offer a contemporary take on the timeshare model – including vacation club brands CLUB WYNDHAM® ASIA, Club Wyndham®, WorldMark® by Wyndham, and Margaritaville Vacation Club® by Wyndham – 4,300+ affiliated resorts through RCI, the world’s leader in vacation exchange, and 9,000 rental properties from coast to coast through Wyndham Vacation Rentals, a prominent leader in North America’s professionally managed vacation rental business. Year after year, a worldwide team of 25,000 associates delivers exceptional vacation experiences to families around the globe as they make memories to last a lifetime. At Wyndham Destinations, our world is your destination. Learn more at WyndhamDestinations.com. Connect with us on Twitter: @WynDestinations; Facebook: @WyndhamDestinations; Instagram: @WyndhamDestinations; YouTube: @WyndhamDestinations; and LinkedIn: @WyndhamDestinations.
