Wyndham Worldwide acquired vacation-rentals operator Shell Vacations for $255 million in cash and assumed debt.
Shell Vacations, founded in 1978, manages 19 North America resorts, including San Francisco’s Suites at Fisherman’s Wharf and Hawaii’s Waikiki Marina Resort. The company has about 115,000 members.
Shell will become part of Wyndham Worldwide’s Wyndham Vacation Ownership division. That unit accounted for about half of Wyndham Worldwide’s 2011 revenue and 54% of last year’s earnings.
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