Wyndham comfortable with estimates
Wyndham Says 2000 Results Set Stage For Growth In 2001.
In comments prepared for a conference call with security analysts and other interested investors this morning, Wyndham International, Inc. (NYSE:WYN) will state that it is comfortable with consensus estimates for fourth quarter and full-year 2000 earnings before interest, taxes, depreciation and amortization (EBITDA), as adjusted. Wyndham will also provide guidance for year 2001 EBITDA, as adjusted. When adjusted for assets sales completed through 2000 and expected in early 2001, the company stated that it expected EBITDA, as adjusted, to be approximately $661.0 million or 6.5% over the current adjusted EBITDA run rate of $620.0 million. In August, Wyndham previously stated that it expected its 2001 EBITDA growth to be in a range of 5% and 8%. For 2001, the company believes RevPAR growth will be approximately 4%, which is at the top of the range of 2.5%-4% it announced last August.