January 2, 2013 –Gulf Shores, AL —Wyndham Worldwide (NYSE: WYN) announced today it has acquired Kaiser Realty in Gulf Shores, AL, along with Oceana Resorts, in Myrtle Beach, SC, and Cumbrian Cottages in the United Kingdom.
Starting off the New Year with clear intention to acquire marketshare in the vacation rental industry, Geoff Ballotti, president and CEO, Wyndham Exchange & Rentals, said, “The acquisition of Oceana, Kaiser and Cumbrian Cottages significantly enhances the leisure accommodations we offer in popular vacation destinations.”
Wyndham Worldwide’s Bob Milne and Kaiser Realty’s Glen Kaiser currently serve on the board of directors for the Vacation Rental Managers Association (VRMA).
Wyndham Vacation Rentals now includes more than 100,000 properties in over 500 unique destinations. All three businesses and their rental inventory will join the Wyndham Vacation Rentals portfolio, which features more than 25 established brands across the world, including ResortQuest by Wyndham Vacation Rentals
By Amy Hinote
Fun Fact: Kaiser Realty and Oceana Resorts attended Blizzard University in Glenwood Springs, CO, together in October, 2009.