SOURCE: Wyndham Vacation Rentals

Wyndham Vacation Rentals

August 09, 2012 09:00 ET

Wyndham Vacation Rentals® Continues Expansion in North America

World's Largest Professionally Managed Vacation Rentals Company Adds More Than 400 Upscale Units in the Highly Sought After Smoky Mountain Region of Eastern Tennessee

PARSIPPANY, NJ--(Marketwire - Aug 9, 2012) - Wyndham Vacation Rentals, the world's largest professionally managed vacation rentals business, and part of the Wyndham Worldwide family of brands (NYSE: WYN), announced today that it has acquired the Smoky Mountain Property Management business. Wyndham Vacation Rentals offers more than 95,000 properties in over 500 unique destinations, including over 7,000 units in North America.

Located in eastern Tennessee, the Smoky Mountain Property Management Group offers more than 400 upscale cabins and condominiums in the high-demand mountain destinations of Gatlinburg, Pigeon Forge, and Sevierville, which are conveniently located outside of the main entrance to Great Smoky Mountains National Park, America's busiest national park, attracting more than nine million visitors each year.

"We are extremely excited to continue our U.S. vacation rental expansion efforts through the acquisition of the Smoky Mountain Property Management business," said Bob Milne, president, Wyndham Vacation Rentals North America. "The Smoky Mountain Property Management Group is a well-established company with an experienced management team that has a history of providing memorable vacations in the breathtaking Smoky Mountains. Our growing portfolio in the United States, which already offers travelers access to vacation rentals in some of the most sought after ski, beach, golf and tennis resort destinations, will now also include hundreds of well-appointed and very well located one to 12 bedroom luxury cabins in one of the most popular mountain vacation markets."

The Smoky Mountain Property Management Group consists of a collection of locally known brands that include Legacy Mountain Resort, Majestic Mountain Vacations, Sherwood Forest Resort, Sugar Maple Cabins, The Preserve Resort and Gatlinburg Cabins Online®. These Tennessee resort locations will join the Wyndham Vacation Rentals portfolio, which features more than 25 established brands across the world including ResortQuest by Wyndham Vacation Rentals, The Resort Company by Wyndham Vacation Rentals and Steamboat Resorts by Wyndham Vacation Rentals in the United States. 

About Wyndham Vacation Rentals

Wyndham Vacation Rentals, the world's largest professionally managed vacation rentals business, is part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (NYSE: WYN). Backed by one of the world's largest hospitality companies, Wyndham Vacation Rentals provides access to more than 95,000 vacation rental properties in over 500 unique destinations worldwide. Specializing in the managed vacation rental segment, Wyndham works closely with property owners to ensure all rentals meet its standards for customer service, quality and comfort. With a diverse and celebrated collection of more than 25 rental brands including Canvas Holidays, Hoseasons, James Villa Holidays, Landal GreenParks®, Novasol®, ResortQuest® by Wyndham Vacation Rentals® and The Resort Company by Wyndham Vacation Rentals, Wyndham Vacation Rentals delivers distinct vacation experiences, ranging from beachfront condos, private homes, villas, castles and houseboats, with many properties offering kitchens, washers and dryers, maid service, spa and fitness centers, and golf courses. For additional information visit our media center or wyndhamvacationrentals.com. Wyndham Vacation Rentals also can be found on Facebook.