| Ticker: WYN | 2001 Bryan Street, Suite 2300 | |
| Exchange: New York Stock Exchange | Dallas, Texas 75201 | |
| Industry: Service | (214) 863-1000 |
| Type of Shares: | Common Shares | Filing Date: | 3/11/96 | |
| U.S. Shares: | 2,980,000 | Offer Date: | 5/20/96 | |
| Non-U.S. Shares: | 670,000 | Filing Price: | $15.00 | |
| Primary Shares: | 3,650,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $54,750,000 | Selling: | $0.67 | |
| Expenses: | $2,915,665 | Reallowance: | $0.10 | |
| Shares Out After: | 19,470,799 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| BT Securities Corporation | Co-manager | (212) 250-5000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Montgomery Securities | Co-manager | 4156272220 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $87.89 | $26.61 | $21.92 | Assets: | $143.08 |
| Net Income: | $7.95 | $5.17 | $3.02 | Liabilities: | $120.62 |
| EPS: | $0.30 | $0.20 | $0.12 | Equity: | $22.46 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading national hotel company operating upscale hotels primarily under the Wyndham brand name. The company's hotels are located in 22 states and the District of Columbia as well as on 4 Caribbean islands, and compete with national hotel chains such as Marriott, Hyatt and Hilton. The company offers three distinct full service hotel products under the Wyndham brand designed to serve its core upscale customers in urban, suburban and select resort markets. At April 15, 1996, the company's hotel portfolio consisted of 65 hotels operated by the company and 3 franchised hotels. In 1995, the company generated $139.6 million in revenues and $16.9 million in operating income on a pro forma basis after giving effect to the Formation of the company. The company has a proven track record of consistent growth. The company has increased the size of its Portfolio in each year since 1988. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the cash payments associated with the Formation, repay certain mortgage and other indebtedness, fund the cash portion of the acquisition cost associated with the purchase of a hotel, fund improvements at a hotel and provide liquidity for the company's operating and growth strategies. |
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