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Stock Market & Financial Investment News

News Breaks
January 14, 2013
10:03 EDTWYNWyndham in deal with Colony Capital to brand 56 hotels
Wyndham Hotel Group, part of Wyndham Worldwide, announced that, through a deal with affiliates of Colony Capital, including Colony Financial, it has branded 56 properties throughout the mid-Atlantic and southeast corridor of the U.S. Formerly Jameson Inn properties, the hotels now fly the Baymont Inn & Suites, Days Inn and Howard Johnson brand flags and will be managed by Aimbridge Hospitality. Forty nine of the hotels will be branded with the Baymont brand name, one will become a Days Inn property and six will be converted to Howard Johnson hotels.
News For WYN From The Last 14 Days
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April 8, 2014
08:19 EDTWYNFTC data-breach suit against Wyndham allowed to proceed, WSJ says
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April 6, 2014
18:21 EDTWYNTPG led group agrees to invest in apartment-rental site Airbnb, WSJ says
A group led by private-equity firm TPG reached an agreement to invest in apartment-rental site Airbnb that values the starup at about $10B, says the Wall Street Journal. Airbnb lets homeowners rent space to travelers and may offer competition to large hotel chains like Wyndham Worldwide (WYN) and Hyatt Hotels (H), added the Wall Street Journal. Reference Link

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