GREENSBORO, N.C. | The PGA TOUR’s new FedExCup format, a highly anticipated, season-long points competition leading to the four-event PGA TOUR Playoffs for the FedExCup beginning next year, will culminate in the newly christened Wyndham Championship, it was announced here today. The inaugural Wyndham Championship will be played Aug. 16-19, 2007, in Greensboro, N.C.

In a joint announcement, the PGA TOUR, the Greensboro Jaycees Charitable Foundation and Wyndham Worldwide Corporation (NYSE: WYN) unveiled a four-year agreement providing Wyndham Worldwide with full title sponsorship of the legendary PGA TOUR event, founded in 1938 when Sam Snead won the first competition.

“As a global leader in the hospitality industry, we are honored to sponsor one of the longest-standing events on the PGA TOUR with a rich history spanning more than 65 years,” said Stephen P. Holmes, Wyndham Worldwide chairman, president and chief executive officer. “We look forward to working with the Greensboro Jaycees Charitable Foundation, tournament volunteers, the PGA TOUR and the people and businesses throughout the entire Piedmont Triad to ensure the Wyndham Championship takes its rightful place as a world-class golf event.”

The 2007 Wyndham Championship will feature a $5 million purse with the winner receiving $900,000. As the final FedExCup regular season event, a total of 25,000 FedExCup points will be available as well as determination of final seedings for the four-event PGA TOUR Playoffs for the FedExCup that immediately follow the Wyndham Championship.

“We are truly excited to begin Wyndham Worldwide’s association with the PGA TOUR at such a pivotal event within the new FedExCup format and competition,” said Franz S. Hanning, Wyndham Vacation Ownership president and chief executive officer. “The Wyndham Championship will play a key role in determining the season’s ultimate champion, and we welcome the opportunity to become part of history in the making for many years to come.”

“We are extremely pleased to welcome Wyndham Worldwide to our family of tournament title sponsors and to one of the longest-running events on the PGA TOUR,” said PGA TOUR Commissioner Tim Finchem. “Greensboro certainly has a rich history on TOUR and now takes on increased significance as the tournament that finalizes the seedings for the PGA TOUR Playoffs for the FedExCup. Between this new partnership with such a quality international corporation and the tournament’s role in the restructured schedule, Greensboro is well positioned for growth and success in the years to come.”

In conjunction with its sponsorship, Wyndham Worldwide will launch a media campaign featuring national broadcast and print advertising to support its Wyndham Hotels and Resorts and Wyndham Vacation Ownership brands. In addition, Wyndham will leverage the sponsorship as part of ongoing global marketing activities designed to engage PGA TOUR fans as well as Wyndham Worldwide hotel guests and timeshare owners across the spectrum of its domestic and international lodging and hospitality businesses.

“As one of the most prestigious dates within the PGA TOUR’s new FedExCup format, the Wyndham Championship will provide a broad platform to reach and connect with business and leisure travelers globally,” said Steven A. Rudnitsky, Wyndham Hotel Group president and chief executive officer. “Wyndham Hotels and Resorts is well known for its warm, personal and distinctive brand of hospitality, and we are tremendously pleased to join in the company of the PGA TOUR in extending our welcome to golf enthusiasts around the world.”

“Wyndham Worldwide is the perfect sponsor for the Greensboro PGA TOUR event and a wonderful partner for the people and businesses throughout the Piedmont Triad,” said Bobby Long, chairman of the Greensboro Jaycees Charitable Foundation Board. “Wyndham’s upscale hotel and resort properties strive for the same level of excellence as this golf tournament. Our goal is to make the Wyndham Championship one of the premier events on the PGA TOUR, and we look forward to a rewarding, long-term relationship with our new partners at Wyndham Worldwide.”

As one of the world’s largest hospitality companies, Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands. Wyndham Hotel Group encompasses more than 6,400 franchised hotels and 535,000 hotel rooms worldwide. RCI Global Vacation Network offers its more than 3 million members access to approximately 55,000 vacation properties located in more than 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of more than 140 vacation ownership resorts serving more than 750,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs approximately 28,800 employees globally.

For more information about Wyndham Worldwide, please visit the company’s Web site at .

Adam Schwartz
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