Wyndham Worldwide, parent company of Wyndham Vacation Club (Wyndham timeshare), thinks conversion to US and Caribbean timeshares is a viable solution for an estimated 5000 unsold condos and hotel units. Wyndham Worldwide’s CEO Steve Holmes not only believes it is do-able but feels that it can be profitable and beneficial for Wyndham.

Currently in a recovery period, (like much of the timeshare industry) Wyndham expects to generate around $1.8 billion in revenue this year from timeshare sales, financing, and property management fees, according to an article by Brad Berton on Forbes.com.

But Wyndham’s conversion-to-timeshare plan, it seems, has a second-hand element to it—or maybe that’s third-hand. Rather than put up the equity of fifteen to forty percent typically required in converting thousands of condos to timeshare units, Wyndham plans to do so on a third-party basis. The company will not be assuming the risk of being principal developer in this massive effort.

Wyndham timeshare currently includes approximately 820,000 timeshare owners and some 20,000 timeshare units at more than 150 resorts.

And following up on other recent attention-getting news by Wyndham timeshare is the observation that the referee involved in the ball-tossing altercation with Wyndham Vacation Club CEO, Franz Hanning, was, as predicted, suspended for one game by the NBA for his role in the incident. See: Would You Play Ball With Wyndham Timeshare CEO Franz Hanning?