Wyndham Vacation Ownership Acquires Additional Units at Emerald Beach Resort in Panama City Beach, Fla.
100 Additional Units to be Available to Company’s FairShare Plus by Wyndham Owners.
ORLANDO, Fla.- Wyndham Vacation Ownership, the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced it has finalized an earlier contractual agreement to purchase 100 additional vacation ownership units at the Emerald Beach Resort in Panama City Beach, Fla. from Emerald Beach Resort, LLC. These units supplement the 100 units the company purchased at the resort in 2007. Wyndham Vacation Ownership has also entered into a contractual agreement to purchase further units at the resort at a later date. Terms of the deal were not disclosed.
“Last fall, we initiated a deal that would expand our presence in the Florida Panhandle through the incremental acquisition of existing vacation ownership units in Panama City Beach,” said Franz Hanning, president & CEO of Wyndham Vacation Ownership. “Our continued investment in this popular beach destination ensures that even more of our owners will have the opportunity to experience it.”
Operating as a part of the company’s FairShare Plus by Wyndham vacation ownership exchange program, Wyndham Vacation Resorts Panama City Beach will include a combination of spacious one-, two- and three-bedroom fully furnished condominium-style units with spectacular views of the Gulf of Mexico, all featuring a private balcony, full kitchen, living room, dining room, and washer and dryer. The Emerald Beach Resort is located at 14700 Front Beach Road in Panama City Beach.
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