Fairfield Resorts Corporate Information

Fairfield Resorts was one of the first timeshare corporations and grew into one of the largest in the world. It is now known as Wyndham Vacation Resorts, with properties in the United States, Mexico, the Caribbean, Canada and the South Pacific.

History

Fairfield Resorts began with Fairfield Communities when C. Randolph Warner purchased 4,000 acres in 1966 in Arkansas. He named the first community Fairfield Bay. Additional properties were built throughout the country under the Fairfield name.

Timeshare

The first Fairfield timeshare properties were called FairShare and they were developed as a new kind of vacation ownership in 1979. Sales of FairShares brought Fairfield Resorts value to $16 million in 1984.

Bankruptcy

Financial problems plagued Fairfield Resorts after C. Randolph Warner's retirement in 1984. He returned to the company and build up the timeshare properties. In 2001, Fairfield became part of Cendant Corporation.

Merger

In 2006, Cendant acquired the Wyndham brand and Fairfield Resorts merged with Wyndham Vacation Resorts. They created the world's largest timeshare company.

Current Corporation

Wyndham Vacation Resorts is part of Wyndham Vacation Ownership, a subsidiary of Wyndham Worldwide. The corporate headquarters for Wyndham Vacation Ownership is in Orlando, Florida.

References

• Wyndham Vacation Resorts
• About Wyndham Vacation Resorts
• Fairfield Resorts Inc-Company News & Executive Profiles