Wyndham Vacation Ownership Acquires the Fechin Inn Taos NM
Hotel to be Redevloped as a Timeshare Resort
ORLANDO, FL, January 24, 2007. Wyndham Vacation Ownership, the world's largest vacation ownership company, today announced the acquisition of the Fechin Inn in Taos, New Mexico from Taos Lodging Associates Limited Partnerships. Terms of the deal were not disclosed.
The hotel, located near the historic Taos Plaza, will be developed as a timeshare resort and will undergo renovations in the coming months. Once complete, the resort will become the second New Mexico property in the company's portfolio. Wyndham Vacation Ownership entered the New Mexico market in the summer of 2006 by opening its first sales center in Albuquerque and also recently acquired 22 units at the Riverside Lodge and Cabins in Red River that will be converted into timeshare units.
The Fechin Inn, 227 Paseo de Pueblo Norte in Taos, opened in 1996 behind the former home of the late Russian artist Nicolai Fechin. The home, now the Taos Art Museum and Fechin House, is not affected by the change. The 84-room inn will be reconfigured into a smaller number of units, ranging from studios to two-bedroom apartments.
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, conveying management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
