Wyndham Adjusts EBITDA Estimates

DALLAS During a morning conference call with security analysts, Wyndham International plans to 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. When adjusted for asset sales completed through 2000 and expected in early 2001, the company stated that it expected EBITDA to be approximately $661 million or 6.5% over the current adjusted EBITDA run rate of $620 million. In August, Wyndham previously stated that it expected its 2001 EBITDA growth to be in a range of between 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. The company will announce that it has divested $416 million in non-core assets during 2000 at an average EBITDA multiple of 9.3x. Wyndham will also discuss its plans to sell or swap approximately $500 million in non-core, non-strategic assets in 2001. (12/19/00)