February 15, 2018 / 11:45 AM / 9 months ago

Wyndham to sell European vacation rental business for $1.3 bln

Feb 15 (Reuters) - U.S. hotelier Wyndham Worldwide Corp said on Thursday it would sell its European vacation rental business to private equity firm Platinum Equity for about $1.3 billion.

Wyndham said the European vacation rental business generates about $750 million in annual revenue. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Savio D’Souza)

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