Platinum Equity completed the acquisition of hotel business from Wyndham for $1.3bn.

Platinum Equity, a leading private equity firm, completed the acquisition of Vacation home rental business from Wyndham Worldwide, a leading hospitality firm for $1.3bn. "We are excited to partner with the management team to ensure a seamless transition while preparing our plans to drive additional growth, both organically and through prospective add-on acquisitions," Louis Samson, Platinum Equity Partner.