Wyndham Expands Presence in Las Vegas
Construction of its Fifth Resort, the Wyndham Desert Blue
APRIL 9, 2008. Wyndham Vacation Ownership, the world's largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), is expanding its presence in Las Vegas with the construction of the Wyndham Desert Blue, the company's fifth resort in this highly popular vacation destination.
The initial phase of this project, anticipated for completion in early 2010, will consist of a 19-story tower with 281 condominium-style units including a mix of 50 penthouse-style, Presidential suites. The resort will be located at 3200 W. Twain Ave. in Las Vegas, and will operate in the company's FairShare Plus by Wyndham portfolio. With the addition of Wyndham Desert Blue, Wyndham Vacation Ownership is projected to have up to 2,400 units in Las Vegas associated with its portfolio of products.
'Our Las Vegas operations have continued to experience tremendous growth since our arrival in 2000. To date, we've sold nearly $1 billion worth of product in this market alone,' said Franz Hanning, president and CEO of Wyndham Vacation Ownership. 'We are committed to expanding our presence in this larger than life city, and once complete, Desert Blue will be one of the most in-demand properties in our portfolio.'
Situated on 14.75 acres adjacent to the world famous Las Vegas Strip and next to the Rio All-Suite Hotel & Casino, the Wyndham Desert Blue will include a full range of well-appointed studio, one-, two- and three-bedroom suites, and will feature amenities including pool, recreation room, computer library, game room and fitness center. Owners and guests at Wyndham Desert Blue will find all of the excitement of the Las Vegas atmosphere and nightlife as well as local activities including golf, shopping, tennis and boating nearby.
Wyndham Desert Blue will complement Wyndham Vacation Ownership's four existing resorts in Las Vegas: Wyndham Grand Desert, which is affiliated with the company's FairShare Plus by Wyndham portfolio, and WorldMark Las Vegas, WorldMark Las Vegas Spencer Street and WorldMark Las Vegas Tropicana, opening in April 2008, which are affiliated with the company's WorldMark by Wyndham portfolio.
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