WorldMark by Wyndham explained

WorldMark by Wyndham (formerly Trendwest) is the developer and marketer of WorldMark, The Club, a vacation ownership program. Worldmark by Wyndham is part of the Travel + Leisure Co. (Formerly Wyndham Worldwide).^[1] The original development partner of the club was Trendwest International (TWI), a subsidiary of Jeld-Wen, a door and window manufacturer.^[2]

Worldmark by Wyndham (WbW), which does not own WorldMark, the club (WMtC or "the Club"), has a dual role for the club. First, WbW develops new properties for the club and sells vacation credits for these properties at a profit. Additionally, WbW manages existing WMtC resort properties, the funds for which come from annual maintenance dues commensurate with the number of vacation credits each WMtC owner's account contains.

Timeline

WorldMark Timeline

• 1989: The club, then known as Club Esprit, is founded by Bill Peare, with TWI as developer.
• 1991: The Club Esprit name is dropped due to a trademark conflict with a similarly named manufacturer of clothing.
• 1993: Club Esprit officially renamed WorldMark, The club.
• 1998: Trendwest is spun off from Jeld-Wen, and Trendwest filed to become a closely held company recognized by the NYSE. At this time Jeld-Wen owned 80% of TrendWest, with the remaining being owned by TrendWest Management.
• May 2002: Cendant Corp. acquires Jeld-Wen’s interest in Trendwest.
• July 2002: By this time all shares in Trendwest had been tendered, and Trendwest became a wholly owned subsidiary of Cendant Corp, and part of the Wyndham WorldWide brand.
• April 2006: Cendant Corp spins off Wyndham WorldWide as a separate entity.
• April 2007: Wyndham WorldWide renames Trendwest (TWI) as WorldMark by Wyndham.

See also

• Wyndham Vacation Resorts, another timeshare company that is a division of Wyndham Worldwide.
• Resort Condominiums International, another timeshare company that is a division of Wyndham Worldwide.

Further reading

• Book: Plunkett, J.W. . Plunkett's Real Estate & Construction Industry Almanac 2008 . Plunkett Research Limited . Plunkett's Real Estate & Construction Industry Almanac . 2008 . 978-1-59392-112-5 . pt534.
• Web site: Golden Beach resort joins Ramada family . . December 3, 2015 . . April 26, 2016.
• Web site: Trendwest Resorts ordered to pay penalties . Herald and News . February 12, 2016 . . April 26, 2016.
• Web site: Cendant buys Trendwest Resorts . UPI . April 1, 2002 . . April 26, 2016.
• Web site: Adams . Steve . Wyndham resort staff help victims of Cyclone Winston . RCI Ventures . March 21, 2016 . April 26, 2016.

External links

• WorldMark by Wyndham

Notes and References

1. https://www.worldmarkbywyndham.com/faqs/index.html#c WorldMark by Wyndham: FAQs
2. http://wmowner.wordpress.com/worldmark-the-club/ The History of WorldMark | WMOwners.com History and Background