Wyndham Vacation Ownership Unveils 250-Unit Urban Timeshare Property at National Harbor, Kicks Off Partnership with The Fishing School with $25,000 Donation

by Cary Johnson

WASHINGTON, Jan. 26 /PRNewswire/ -- Wyndham Vacation Ownership, the world's largest vacation ownership company, today announced its grand opening of Wyndham Vacation Resorts at National Harbor. This 250-unit urban resort, which is more than 75 percent sold out, is the second Wyndham timeshare resort in the popular Washington D.C. market, joining Wyndham Old Town Alexandria. The resort will bring hundreds of new jobs and have an estimated $48.6 million in annual economic impact to the region.

"Wyndham Old Town Alexandria was wildly successful when it opened in 1999 and it remains one of our most popular resorts so it was a natural decision to double our presence in this market," said Franz Hanning, president and chief executive officer, Wyndham Vacation Ownership. "This property remained an absolute priority for us, which is a testament to the popularity of the Washington D.C. area."

The company initially announced the deal with The Peterson Companies, the developer of National Harbor, in April 2007. Construction on the project began in April 2008 and sales commenced shortly thereafter in June of that same year.

Situated within National Harbor – a 300-acre waterfront community in Prince George's County, MD on the banks of the Potomac River – this purpose-built resort property features 250 condominium-style, fully furnished units, including 42 opulent, presidential suites. Built in an 11-story tower, the resort also boasts an expansive health and fitness club, indoor and outdoor heated swimming pools, an outdoor terrace with a spa and wading pool as well as a recreation room.

WYNDHAM VACATION OWNERSHIP KICKS OFF NEW PARTNERSHIP WITH THE FISHING SCHOOL

Wyndham Vacation Ownership today also announced it has donated $25,000 to The Fishing School to commemorate the company's new partnership with the local Washington D.C. after-school education and enrichment program. The company will partner with The Fishing School to recognize the program's highest achievers by rewarding them with a four-day, three-night vacation to the company's newest property once a quarter.

"Our mission is based upon the concept that when given the right tools and direction children can accomplish anything," said Tom Lewis, founder of The Fishing School. "Our ultimate goal is to enable children to develop into independent, productive and contributing members of society. Needless to say, we're very appreciative of Wyndham's contribution to help us continue to do that."

SOURCE Wyndham Vacation Ownership