The Timeshare Beat Home | Today's Headlines | Back to Previous Page

Wyndham Vacation Ownership Acquires Pahio Resorts, Inc. and Pahio Vacation Ownership, Inc.

Press Release: Wyndham Vacation Ownership
July 21, 2006
KAUAI, HI -- Wyndham Vacation Ownership, Inc., the world’s largest vacation ownership company, today announced it has acquired Hawaii-based, privately-held PAHIO Resorts, Inc. (PRI) and PAHIO Vacation Ownership, Inc., (PVO) located on Kauai. Wyndham Vacation Ownership will assume all property management, sales and marketing operations of Bali Hai Villas, Ka ‘Eo Kai, Kauai Beach Villas, Shearwater, and Makai resorts. Additionally, Wyndham Vacation Ownership has entered into an exclusive relationship with the developer David Walters to expand the Bali Hai Villas resort, which includes plans to add more than 125 vacation ownership units and a new club house.

PAHIO’s five Kauai-based resorts have approximately 20,000 owners and are comprised of more than 400 existing vacation ownership units. Since its inception in 1982, PRI has provided management and other services for vacation ownership and whole ownership interests, and in 1994, PVO began marketing and sales of vacation ownership intervals on the island of Kauai.

“As the industry leader, Wyndham Vacation Ownership will provide PAHIO with a robust platform for future growth,” said David E. Walters, chief executive officer and PAHIO’s chairman of the Board. “We look forward to joining our high-quality resorts, gracious hospitality and distinct locations to Wyndham Vacation Ownership’s portfolio of more than 140 resorts throughout North America, the South Pacific and the Caribbean.”

The PAHIO resorts are located in the northern and eastern areas of Kauai, and will provide Wyndham Vacation Ownership with an enhanced presence in the Hawaiian Islands. Wyndham Vacation Ownership’s resort portfolio will now include 12 resorts that are located throughout the islands.

“We welcome PAHIO to the Wyndham Vacation Ownership family and are excited to accelerate our growth in Hawaii with one of the most successful vacation ownership companies operating on Kauai,” said Franz S. Hanning, president and CEO of Wyndham Vacation Ownership. “Hawaii remains one of the most popular vacation destinations for our more than 750,000 owner families, and we look forward to introducing them to the wonderful island of Kauai through five spectacular PAHIO resorts and the dedicated employees who support them.”

About Wyndham Vacation Ownership

Wyndham Vacation Ownership is the world’s largest developer and marketer of flexible, points-based vacation ownership products. Its two primary consumer brands - Fairfield Resorts and Trendwest Resorts - together comprise more than 140 resort properties throughout North America, the Caribbean and the South Pacific, and serve more than 750,000 owner families worldwide.

-------------------------------

Media Contact:
Lisa Burby
Senior Director 
Corporate Communications
Wyndham Vacation Ownership
8427 Southpark Circle, #500
Orlando, FL 32819
Phone:      407.370.5146
Wireless:   407.921.7775
Fax:          407.370.5147
lisa.burby@wyndhamvo.com

Source: Wyndham Vacation Ownership