“The acquisition of Oceana, Kaiser and Cumbrian Cottages significantly enhances the leisure accommodations we offer in popular vacation destinations,” said Geoff Ballotti, president and CEO, Wyndham Exchange & Rentals. “Cumbrian Cottages expands our presence in key European vacation markets while Oceana Resorts and Kaiser Realty help expand the selection of properties we offer our guests in popular U.S. beach communities like Myrtle Beach and Gulf Shores. These three brands will join our global network of rental brands which offer hand-picked, regularly inspected and professionally managed accommodations backed by Wyndham Worldwide.”
Wyndham was already the world’s largest vacation rentals company. With the new acquisitions, it only increased its portfolio with 3950 new properties. 1000 upscale condominium units come from the vacation rental assets of Oceana Resorts in Myrtle Beach, S.C., a market which attracts over 14 million visitors annually.
From Kaiser Realty, Wyndham Vacation Rentals got more than 450 condo and beach home accommodations in coastal Alabama, while in the UK, the company took over more than 2,500 vacation homes in the most sought after destinations throughout Cumbria and The Lake District, Northumberland, Yorkshire, Derbyshire, Wales and Scotland from Cumbrian Cottages. With Cumbrian Cottages, Wyndham Vacation Rentals also increased its position as the UK’s leading supplier of self-catering holiday accommodations.