Wyndham posts Q1 results, will offer mezzanine financing

04/25/2012 | CBS MoneyWatch · HotelNewsNow.com

First-quarter results for Wyndham Worldwide showed a 56% drop in net income, from $72 million in 2011 to $32 million this year. The difference was related to one-time charges. Revenue per available room at U.S. properties climbed 9% during the period, while international revPAR rose 3%, the company reported. Wyndham also announced plans to offer mezzanine financing for developers to boost its growth.

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CBS MoneyWatch · HotelNewsNow.com

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