Archive for the 'Wyndham Layoffs' Category

Company Puts Construction of Wyndham Desert Blue timeshare project on hold

Friday, February 20th, 2009

Wyndham’s timeshare unit said Tuesday it’s suspending construction on its high-profile Desert Blue resort in Las Vegas.

By Steve Green – Tue, Feb 17, 2009 (2:30 p.m.)

Construction Stops on Desert Blue
Sun archives

Wyndham announces new Las Vegas resort (4-8-08)
Beyond the Sun

Wyndham Desert Blue
Desert Blue resort

Four days after lodging giant Wyndham Worldwide Corp. reported a huge loss because of the economic slowdown, Wyndham’s timeshare unit said Tuesday it’s suspending construction on its high-profile Desert Blue resort in Las Vegas.

The Wyndham Vacation Ownership resort near the Rio hotel-casino is planned to consist of 19 stories with 281 condominium-style units. Martin-Harris Construction Co. and its subcontractors had completed the building shell on the 14.75-acre site, which has a high profile because of its proximity to Interstate 15, the Las Vegas Strip and Flamingo Road.

“We have temporarily suspended construction,” said Lisa Burby, vice president of corporate communications for Wyndham Vacation ownership. “This is a temporary situation. Desert Blue remains in our plans. It’s still a priority for us.”

Wyndham Worldwide of Parsippany, N.J., one of the nation’s largest hotel companies with brands such as Days Inn, Hawthorn, Ramada and Super 8, on Friday reported a loss for the fourth quarter ended Dec. 31 of $1.356 billion, or $7.63 per share, because of $1.378 billion in noncash charges for restructuring and writing down the value of assets because of the recession.

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Wyndham Plans for Lay Offs – Changes happening in the Timeshare Industry

Thursday, January 15th, 2009

Monday, December 22, 2008

Wyndham Timeshare Will Lay Off 75 Percent of Reno, NV Staff

Author: Jason Tremblay

Wyndham Worldwide says they will lay off 75 percent of their employees at their Reno, Nevada locations, accounting for approximately 75 of 100 positions. The majority of the reductions will be among their timeshare sales and timeshare marketing team.

Wyndham spokesperson Lisa Burby, told Reno News 4 that the layoffs were part of the company’s organization changes, as Wyndham seeks ways to “re-invent the way they do business by taking a pro-active approach to ensure long-term stability.”

Wyndham timeshare owns WorldMark the Club, which operates six timeshare resorts in the state of Nevada, one in Reno, and two in Lake Tahoe.

Nationwide, Wyndham timeshare is reportedly laying off approximately 4000 workers during the upcoming weeks. In reporting this, The Timeshare Authority is adding more bad news to a growing list of recent timeshare blog posts about cutbacks in the timeshare development and timeshare sales industry.