The Timeshare Beat Home | Today's Headlines | Back to Previous Page
|
The Timeshare Beat Home | Today's Headlines | Back to Previous Page |
|
|
|
Press Release: Wyndham International, Inc.
August 17, 2005
DALLAS, TX -- Wyndham International, Inc. (AMEX:WBR; the "Company") announced yesterday that it has completed
its merger with an affiliate of The Blackstone Group. Under the terms of the merger agreement, the Company's common
stockholders will be entitled to receive $1.15 in cash, without interest. The holders of shares of Series A and
Series B Preferred Stock will be entitled to receive $72.17 per share in cash, without interest.
About Wyndham International, Inc.
Based in Dallas, Wyndham International, Inc. offers upscale and luxury hotel and resort accommodations. Wyndham
owns, leases, manages and franchises hotels and resorts in the U.S., Canada, Mexico, the Caribbean and Europe,
and guarantees that the best rates for its properties will be found on its proprietary Website. For more information
or to make a reservation, visit www.wyndham.com or call 800-WYNDHAM. Wyndham is a founding member of the Global
Hotel Alliance (www.globalhotelalliance.com), a worldwide union of hospitality companies that provides guests with
unique, personalized guest services.
About The Blackstone Group
The Blackstone Group, a private investment firm with offices in New York, Boston, Atlanta, London, Hamburg, Paris
and Mumbai, was founded in 1985. Blackstone's Real Estate Group has raised five funds, representing over $6 billion
in total equity, and has a long track record of investing in hotels and other commercial properties. In addition
to Real Estate, The Blackstone Group's core businesses include Private Equity, Corporate Debt Investing, Marketable
Alternative Asset Management, Mergers and Acquisitions Advisory, and Restructuring and Reorganization Advisory.
The Blackstone Group can be accessed on the Internet at http://www.blackstone.com
Cautionary Statement:
This release contains statements about expected future events that are forward-looking within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, known and unknown
risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied in
such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially
from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings,
which are available at www.wyndham.com.
-----------------------------------------------------
Contact:
Wyndham International, Inc., Dallas
Analyst/Investor Inquiries:
Darcie M. Brossart, 214-863-1335
dbrossart@wyndham.com
or
The Blackstone Group, New York
Media Inquiries:
John Ford, 212-583-5559
ford@blackstone.com
Source: Wyndham International, Inc.