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WorldMark by Wyndham (formerly Trendwest) is the developer and marketer of WorldMark, The club, a vacation ownership program and part of the WorldMark by Wyndham: FAQs
/ref> The original development partner of the club was Trendwest International (TWI), a subsidiary of Jeld-Wenn Industries, a privately held door and window manufacturer.The History of WorldMark , WMOwners.com History and Background
/ref> 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.
WorldMark by Wyndham
{{Timeshare chains Wyndham brands Timeshare chains
WorldMark by Wyndham (formerly Trendwest) is the developer and marketer of WorldMark, The club, a vacation ownership program and part of the Wyndham Worldwide Corporation
Travel + Leisure Co. (formerly Wyndham Destinations, Inc. and Wyndham Worldwide Corporation) is an American timeshare company headquartered in Orlando, Florida. It develops, sells, and manages timeshare properties under several vacation ownersh ...
./ref> The original development partner of the club was Trendwest International (TWI), a subsidiary of Jeld-Wenn Industries, a privately held door and window manufacturer.The History of WorldMark , WMOwners.com History and Background
/ref> 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. acquiresJeld-Wen
JELD-WEN is an American company with its headquarters in Charlotte, North Carolina. The company operates more than 120 manufacturing facilities in 19 countries. JELD-WEN designs, produces and distributes interior and exterior doors, wood, vinyl a ...
’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
Travel + Leisure Co. (formerly Wyndham Destinations, Inc. and Wyndham Worldwide Corporation) is an American timeshare company headquartered in Orlando, Florida. It develops, sells, and manages timeshare properties under several vacation ownersh ...
, another timeshare company that is a division of Wyndham Worldwide.
* Resort Condominiums International
RCI (formerly Group RCI and, before that, Resort Condominiums International) is a timeshare exchange company with over 4,300 affiliated resorts in 100 countries.
Founded in Indiana in 1974 by Jon and Christel DeHaan, RCI is one of the two main t ...
, another timeshare company that is a division of Wyndham Worldwide.
References
Further reading
* * * * *External links
WorldMark by Wyndham
{{Timeshare chains Wyndham brands Timeshare chains