Saturday, July 22, 2006

Kauai time-share firm bought by Wyndham

Wyndham Vacation Ownership Inc. has acquired privately held Pahio Resorts Inc. and Pahio Vacation Ownership Inc., both of Kauai.

Wyndham's resort portfolio now will include 12 resorts throughout the state. CEO Franz Hanning said he was "excited to accelerate our growth in Hawaii."

The company will assume property management, sales and marketing for Bali Hai Villas, Ka Eo Kai, Kauai Beach Villas and Shearwater and Makai resorts, which collectively have 20,000 owners and more than 400 vacation ownership units.

"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," Hanning said.

Wyndham entered into an exclusive relationship with Pahio CEO David Walters to expand the Bali Hai Villas resort, adding 125 vacation ownership units and a new club house.

"Wyndham Vacation Ownership will provide Pahio with a robust platform for future growth," Walters said.

...there maybe refubishments work on the time-shares...

Kauai time-share firm bought by Wyndham - Pacific Business News (Honolulu):

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