Wyndham buys British vacation property renter

01.03.2010 In: World travel news

Hospitality company Wyndham Worldwide said Monday it agreed to acquire Britain's Hoseasons Holdings Ltd. for $60 million.

Wyndham, in Parsippany, said it made the acquisition through its European rentals business unit. HgCapital and other individual owners sold Hoseasons, a provider of vacation rentals for more than 15,000 villas, cottages and boats in seven European countries, to Wyndham.

Wyndham’s European vacation rentals business includes such brands as English Country Cottages, Landal GreenParks and Canvas Holidays, with more than 60,000 properties across more than 20 countries.

Wyndham said it hopes to secure regulatory approval before end of the first quarter.