This Major Hotel Operator Is About to Split Itself in Two
Wyndham Worldwide (NYSE: WYN), the world's largest hotel operator, is preparing to split itself in two. Earlier this month, the company announced that it will spin itself off into two separate, publicly traded companies. One will consist of its hotel properties, and the other will comprise its timeshare business.
It's the old "cutting up the company to unlock value" play from the veteran lodging operator. Recent history, however, has shown that this move will not guarantee outperformance from the upstart timeshare entity.
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Source: Fool.com
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