US based Wyndham Worldwide purchases James Villa Holidays from Vespa Capital

US firm Wyndham Worldwide Thursday announced that its Exchange & Rentals business unit, the worldwide leader in vacation exchange and the world's largest full-service vacation rentals business, acquired James Villa Holidays from the private equity fund Vespa Capital.

James Villa Holidays has a strong presence across the Mediterranean villa holiday market offering accommodations along with other travel services and products to the UK market. The acquisition price is approximately $77 million, subject to adjustments.

With this acquisition, Wyndham's Vacation Rentals business further expands the scale and scope of its vacation rental program in France, Spain, Portugal, Italy, Greece, Cyprus and Malta. James Villa Holidays' inclusion into the Wyndham Vacation Rentals portfolio also will create a strong position to expand across further Mediterranean countries and provide additional travel options and benefits for consumers and villa owners alike.

Stephen P. Holmes, chairman and Chief Executive Officer, Wyndham Worldwide said the acquisition of James Villa Holidays is consistent with Wyndham strategy to invest in fee-for-service businesses and represents another step forward in the firm’s strategic plan to grow its presence and leadership position within the global vacation rentals market.

Wyndham continues to see the value of and invest in opportunistic acquisitions that support its growth and returns targets and thus optimize its capital deployment, added Holmes.

Commenting on the acquisition as well, Geoff Ballotti, president and Chief Executive Officer of Wyndham Exchange & Rentals said he is absolutely thrilled to welcome James Villa Holidays into Wyndham’s growing vacation rentals business. James is an exceptionally strong, trusted and high-profile vacation brand with a fantastic team of professionals who Wyndham welcomes to Wyndham Worldwide, he said.

With more than 50 destinations and approximately 2,300 villas and unique properties across the Mediterranean and Balearic vacation hot-spots, James offers hand-picked and inspected properties, along with air travel, car hire and other travel services. James presents Wyndham with a strong addition to its global rental platform, bringing exciting new destinations and upscale lodging offerings.

Tony Wheble, Chief Executive Officer, James Villa Holidays said he was excited to join the firm’s efforts with such a trusted, successful and reputable organization as Wyndham, adding that James Villa Holidays' mission has been focused on providing customers the best-of-the-best holiday destination options and the necessary tools to make the planning process as simple and seamless as possible.

3 Dec 2010.