Wyndham Vacation Ownership (WVO), the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE:WYN), has announced it has entered into an exclusive sales and marketing agreement with Smugglers’ Notch Management Company, Ltd. Terms of the agreement were not disclosed.
WVO is expected to become the exclusive sales and marketing agent for the sale of vacation ownership
interests at Smugglers’ Notch Vermont Resort; sales are anticipated to begin in the second quarter of
2011. Through this arrangement, it is anticipated that all unsold interests will become part of the
company’s flexible, club-based CLUBWYNDHAM Access product. Completion of the transaction is
subject to customary closing conditions.
‘This is another significant step in executing our fee-for-service timeshare sales model while bringing a
truly premier destination into our world-class portfolio of resorts,’ said Franz Hanning, president and chief
executive officer, Wyndham Vacation Ownership. ‘Smugglers’ Notch has a proud history of providing
family-friendly vacations, which aligns with our business model of providing memorable vacation
experiences for families. The affiliation with Smugglers’ Notch facilitates our expansion in New England
and is also a win-win for two great brands.’
The property is also expected to operate as a WVO affiliated resort within CLUB WYNDHAM Plus®, the
company’s points-based internal exchange program that allows owners to vacation at more than 70
resorts and enjoy other vacation options and access to special travel opportunities such as cruises and
guided tours. It is anticipated that Wyndham’s timeshare owners can begin vacationing at Smugglers’
Notch Vermont® Resort in the second quarter of 2011. Residential home purchases and rentals at the
Resort, as well as property management services, will continue to be managed by Smugglers’ Notch
Management Company, Ltd.
‘Wyndham’s selection of Smugglers’ Notch as one of their affiliated properties underscores the benefits
associated with ownership at Smugglers’, known for our dedication to great customer service and
innovative children’s and family programs,’ said Bill Stritzler, Smugglers’ Notch owner and managing
director. ‘We believe the relationship between Wyndham Vacation Ownership and Smugglers’ Notch
Resort will enhance the overall opportunities for both brands.’
Consistently mentioned by major newspapers and ski magazines as a top-rated destination for skiing and
family programs, the Resort is located in the Green Mountains of Vermont and features mountainside
condominiums ranging from studios to five-bedroom homes, clustered around a Village core. Guests can
enjoy a wide variety of year-round recreational programs and facilities including over 1,000 acres of skiing
and snowboarding terrain in the winter and eight heated pools and four waterslides in the summer.
With this latest project, WVO will continue to capitalize upon the momentum that began in March 2010 when it announced an exclusive sales and marketing fee-for-service agreement for 137 condominium style units at the newly re-branded Wyndham Vacation Resorts Towers on the Grove at North Myrtle Beach, SC. In August, the company announced an exclusive sales and marketing agreement with Reunion Resort for the sale of vacation ownership interests in up to 256 condominium-style units at the rebranded Wyndham Vacation Resorts Reunion at Orlando.
ABOUT SMUGGLERS’ NOTCH VERMONT RESORT
Smugglers’ Notch Resort is a year-round family vacation destination featuring outdoor and indoor
activities. During summertime, the Resort offers eight pools and four waterslides, children’s all-day
programs, guided hiking, and numerous activities for all ages. Winter fun features skiing and
snowboarding for all abilities on 78 trails and 1,000 acres of terrain on three mountains. New this season
is a zipline canopy tour provided in partnership with ArborTrek Canopy Adventures. The Resort’s
extensive family programs have been recognized by SKI Magazine, the Family Travel Forum, FamilyFun
Magazine, and Conde Nast Traveler magazine, among others. The Resort is the only vacation property in
Vermont to be designated an Environmental Leader. Smugglers’ is located in the Green Mountains about
45-minutes northeast of Burlington, Vermont. For more information, visit www.smuggs.com.
ABOUT WYNDHAM VACATION OWNERSHIP
Wyndham Vacation Ownership, a member of the Wyndham Worldwide (NYSE: WYN) family of
companies, is the world’s largest vacation ownership business, as measured by the number of vacation
ownership resorts, individual vacation ownership units and owners of vacation ownership interests.
Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides
consumer financing to owners through its three primary consumer brands, Wyndham Vacation Resorts,
WorldMark by Wyndham, and Wyndham Vacation Resorts Asia Pacific. As of January 1, 2010,
Wyndham Vacation Ownership had developed or acquired over 155 vacation ownership resorts
throughout the United States, Canada, Mexico, the Caribbean and the South Pacific that represent
approximately 20,000 individual vacation ownership units and more than 820,000 owners of vacation
ownership interests. Wyndham Vacation Ownership is headquartered in Orlando, Fla., and is supported
by approximately 12,500 employees globally.
Source: ORLANDO, Fla. (January 6, 2011) ‘ Wyndham Vacation Ownership
Wyndham announces affiliation with Smugglers’ Notch Vermont
Submitted by tim
on