Wyndham sells European vacation rental business to Platinum Equity with GvW Graf von Westphalen
Wyndham Worldwide Corporation has sold its European vactation home business to Platinum Equity, LLC. The transaction with a sales volume of 1.3 billion US dollars has now been successfully closed. GvW Graf von Westphalen advised the American hotel group with regard to German law.
The European vacation hom business of the Wyndham Group includes organizers and vacation resorts as well as cottages.com, James Villa Holidays, Hoseasons, Novasol, Landal GreenParks and Wimduan. Platinum Equity can use the trademarked name "by Wyndham Vacation Rentals" for a license fee for 20 more years. The total of 110,000 Immobilien in more than 25 European countries will remain part of the loyalty program "Wyndham Rewards".
The Wyndham Group has around 8,000 hotels and more than 600,000 rooms in 66 countries and is one of the largest hotel companies in the world. The buildings are carried under 16 different trademarks, in Germany including as Wyndham, Ramada or Tryp Hotels.
GvW provided advice through a team from various offices consisting of Dr. Joachim Mulch (lead, Düsseldorf) and Dr. Markus Sachslehner (lead, Frankfurt a.M.) as well as Dr. Ritesh Rajani, Dr. Malte Evers, Christian Mayer-Gießen, Laurens Klinkert, Moritz Koch, Dr. Jeanette Abel (all Hamburg), Dr. Lorenz Czajka, Dr. Holger Kühl, Dr. Ulrich Schroeder, Johannes Räther (all Berlin), Hans-Joachim Lagier, Dr. Christian Zerr, Martin Knoll (all Munich) and Karsten Kujath (Frankfurt a.M.).
News
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.