{"success":true,"data":{"pressRelease":{"id":"160428","rtpr_id":"nBw7LgVqPa-20261005","ticker":"TNL","exchange":"NYSE","all_tickers":["TNL","WH"],"title":"Travel + Leisure Co. Partners with Wyndham to Develop Hotels Under the Sports Illustrated Resorts Brand","author":"Business Wire","published_at":"2026-10-05T12:00:01.882Z","article_body":"Travel + Leisure Co. Partners with Wyndham to Develop Hotels Under the Sports\nIllustrated Resorts Brand\n\nExpanded partnership establishes framework to build, operate and scale Sports\nIllustrated Resorts as a differentiated mixed-use hospitality platform\n\nHIGHLIGHTS\n\n\n * A new platform for Sports Illustrated hospitality: Travel + Leisure Co. and\nWyndham Hotels & Resorts are expanding their long-standing relationship\nthrough a new development partnership to scale Sports Illustrated\nResorts—now to include hotels—as part of a differentiated hospitality and\nmixed-use development platform.\n\n * Built for developers and asset owners: The model creates flexibility to\ndevelop standalone hotels under the Sports Illustrated Resorts brand or as\npart of a mixed-use destination that also includes vacation ownership and/or\nresidence offerings.\n\n * A partnership strengthened to scale Sports Illustrated Resorts: Travel +\nLeisure Co. brings the iconic Sports Illustrated Resorts hospitality platform,\nwith Wyndham providing the loyalty, distribution and marketing infrastructure\nto help bring the concept to new markets and destinations.\n\nTravel + Leisure Co. is advancing the next phase of Sports Illustrated Resorts\nthrough an expanded partnership with Wyndham Hotels & Resorts that\nestablishes the framework to build, operate and scale hotels under Sports\nIllustrated Resorts as a complementary, yet differentiated, hospitality and\nmixed-use development platform.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20261005255376/en/\n(https://www.businesswire.com/news/home/20261005255376/en/)\n\nTravel + Leisure Co. is advancing the next phase of Sports Illustrated Resorts\nthrough an expanded partnership with Wyndham Hotels & Resorts that\nestablishes the framework to build, operate and scale hotels under Sports\nIllustrated Resorts as a complementary, yet differentiated, hospitality and\nmixed-use development platform.\n\nFirst introduced by Travel + Leisure Co. in 2023, the Sports Illustrated\nResorts platform spans a range of hospitality, vacation ownership and\nresidential offerings brought together in sports-focused destinations. The\npartnership with Wyndham builds on that foundation—bringing the brand into\nthe traditional hotel space through a differentiated model that pairs Travel +\nLeisure’s brand stewardship, mixed-use development and management expertise\nwith Wyndham’s global scale, distribution, development engine and commercial\ninfrastructure.\n\nThe model is designed to give developers and asset owners greater flexibility\nin how they bring Sports Illustrated Resorts to life, from hotel-only\ndevelopments to larger mixed-use destinations that combine multiple components\nof the platform. Wyndham will leverage its relationships across the hotel\ncommunity to help identify potential development partners and asset owners as\nTravel + Leisure Co. expands the business.\n\n“Sports Illustrated Resorts is bringing the power of the Sports Illustrated\nbrand to life through travel and hospitality, building on the brand’s legacy\nin sports, culture and entertainment,” said Michael Brown, President &\nCEO, Travel + Leisure Co. “Opening the door to traditional hotels, in\npartnership with Wyndham, is the next chapter for the platform, giving us new\nways to extend the Sports Illustrated experience to travelers while creating\ndistinctive opportunities for developers and asset owners. We’re excited\nabout the potential to unlock even more of what the Sports Illustrated brand\ncan deliver in hospitality.”\n\n“Sports Illustrated is one of the world’s most iconic lifestyle and\nentertainment brands, and its connection to sports creates a powerful\nopportunity in hospitality,” said Geoff Ballotti, President & CEO,\nWyndham Hotels & Resorts. “Together with Travel + Leisure Co., we have\nan opportunity to create immersive, year-round destinations across college\ntowns and major urban markets, anchored in unique experiences, distinctive\nprogramming and premier sports-centric events. The result is a highly\ndifferentiated offering for developers looking to get into the high-yield\nsports tourism sector and one we believe is well-positioned to generate\nstrong, year-round demand.”\n\nExpanding the Sports Illustrated Resorts Platform\n\nTravel + Leisure Co. introduced Sports Illustrated Resorts in 2023 as a\nconcept for a network of sports-themed resort and lifestyle destinations in\ncollege towns and leisure markets. From the outset, the vision contemplated a\nrange of offerings, including vacation ownership, residential and other resort\nexperiences designed around the Sports Illustrated brand and its nearly\n70-year legacy in sports, culture and entertainment.\n\nSince then, Travel + Leisure Co. has continued to advance the Sports\nIllustrated Resorts platform across a growing portfolio of sports and\nentertainment markets.\n\nSports Illustrated Resorts Nashville is now welcoming owners and guests,\nmarking the debut of the first fully branded Sports Illustrated Resorts\ndestination. Located on Music Row, the 185-suite resort brings the brand to\nlife through sports-inspired amenities, social spaces and experiences designed\nto connect travelers with Nashville’s sports, entertainment and cultural\nofferings.\n\nAdditional Sports Illustrated Resorts destinations are underway in Chicago,\nBaton Rouge and Tuscaloosa. Chicago is currently operating in its “preseason\nera,” with project completion and the full brand offering expected in early\n2027. Baton Rouge, the first confirmed resort to feature a hotel component, is\nplanned for a phased opening later in 2027, while Tuscaloosa represents the\nbrand’s first ground-up resort and is expected to open in 2028.\n\nThe expansion of Sports Illustrated Resorts into the traditional hotel space\nbuilds on a decades-long relationship between Travel + Leisure Co. and Wyndham\nHotels & Resorts. That relationship extends across Travel + Leisure’s\ncornerstone vacation club brand, Club Wyndham, as well as experiential brands\nMargaritaville Vacation Club and Eddie Bauer Adventure Club, which connect\nwith Wyndham’s thousands of hotels globally through Wyndham Rewards. With\nmore than 126 million enrolled members, the industry’s #1 rated hotel\nrewards program serves as a powerful blue thread between the two companies,\ndriving engagement, loyalty and long-term value across their portfolios.\n\nSports Illustrated Resorts is operated by Travel + Leisure Co. under license\nfrom Authentic Brands Group.\n\nFor more information on Sports Illustrated Resorts, including development\nopportunities or upcoming stays, visit SportsIllustratedResorts.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sportsillustratedresorts.com&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SportsIllustratedResorts.com&index=1&md5=c64ebf2b7c3274cbda43179c1e13fd20)\n. Follow @SIResorts\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fsiresorts&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=%40SIResorts&index=2&md5=f5923a7f13aed0dca3eddb7cf4ab2386)\non Instagram.\n\nTravel + Leisure Co. Forward Looking Statements\n\nThis press release includes “forward-looking statements” as that term is\ndefined by the Securities and Exchange Commission (“SEC”). Forward-looking\nstatements are any statements other than statements of historical fact,\nincluding statements regarding our expectations, beliefs, hopes, intentions or\nstrategies about the expansion of Sports Illustrated Resorts discussed in this\npress release and the future. In some cases, forward-looking statements can be\nidentified by the use of words such as “expects,” “plans,” “will,”\nor “bringing,” or other words of similar meaning. Forward-looking\nstatements are subject to risks and uncertainties that could cause actual\nresults of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure\nCo.” or “we”) to differ materially from those discussed in, or implied\nby, the forward-looking statements. Factors that might cause such a difference\ninclude, but are not limited to, risks associated with: the acquisition of the\nTravel + Leisure brand and the future prospects and plans for Travel + Leisure\nCo., including our ability to execute our strategies to grow our cornerstone\ntimeshare and exchange businesses and expand into the broader leisure travel\nindustry; our ability to compete in the highly competitive timeshare and\nleisure travel industries; uncertainties related to acquisitions, dispositions\nand other strategic transactions; the health of the travel industry and\ndeclines or disruptions caused by adverse economic conditions (including\ninflation, recent tariff and other trade restrictions, higher interest rates,\nand recessionary pressures, travel restrictions, terrorism or acts of\nviolence, political strife, war (including hostilities in Ukraine and the\nMiddle East), pandemics, and severe weather events and other natural\ndisasters; adverse changes in consumer travel and vacation patterns, consumer\npreferences and demand for our products; increased or unanticipated operating\ncosts and other inherent business risks; our ability to comply with financial\nand restrictive covenants under our indebtedness; our ability to access\ncapital and insurance markets on reasonable terms, at a reasonable cost or at\nall; maintaining the integrity of internal or customer data and protecting our\nsystems from cyber-attacks; the timing and amount of future dividends and\nshare repurchases, if any; and those other factors disclosed as risks under\n“Risk Factors” in documents we have filed with the SEC, including in Part\nI, Item 1A of our Annual Report on Form 10-K for the fiscal year ended\nDecember 31, 2025, filed with the SEC on February 18, 2026. We caution readers\nthat any such statements are based on currently available operational,\nfinancial and competitive information, and they should not place undue\nreliance on these forward-looking statements, which reflect management’s\nopinion only as of the date on which they were made. Except as required by\nlaw, we undertake no obligation to review or update these forward-looking\nstatements to reflect events or circumstances as they occur.\n\nWyndham Hotels & Resorts Forward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe federal securities laws, including statements related to Wyndham's current\nviews and expectations regarding the potential demand, growth and scalability\nof the Sports Illustrated brand in connection with Wyndham’s expanded\npartnership with Travel + Leisure. Forward-looking statements are any\nstatements other than statements of historical fact, including those that\nconvey management's expectations as to the future based on plans, estimates\nand projections at the time Wyndham makes the statements and may be identified\nby words such as \"will,\" \"expect,\" \"believe,\" \"plan,\" \"anticipate,\" \"predict,\"\n\"intend,\" \"goal,\" \"future,\" \"forward,\" \"remain,\" \"confident,\" \"outlook,\"\n\"guidance,\" \"target,\" \"objective,\" \"estimate,\" \"projection\" and similar words\nor expressions, including the negative version of such words and expressions.\nSuch forward-looking statements involve known and unknown risks, uncertainties\nand other factors, which may cause the actual results, performance or\nachievements of Wyndham to be materially different from any future results,\nperformance or achievements expressed or implied by such forward-looking\nstatements. You are cautioned not to place undue reliance on these\nforward-looking statements, which speak only as of the date of this press\nrelease.\n\nFactors that could cause actual results to differ materially from those in the\nforward-looking statements include, without limitation, general economic\nconditions, including inflation, higher interest rates and potential\nrecessionary pressures, which may impact decisions by consumers and businesses\nto use travel accommodations; global trade disputes, including with China; the\nperformance of the financial and credit markets; the economic environment for\nthe hospitality industry; operating risks associated with the hotel\nfranchising business; Wyndham's relationships with franchisees; the ability of\nfranchisees to pay back loans owed to Wyndham; the impact of prior or any\nfuture impairment charges related to the credit Wyndham extends to its\nfranchisees; the impact of war, terrorist activity, political instability or\npolitical strife; global or regional health crises or pandemics including the\nresulting impact on Wyndham's business, operations, financial results, cash\nflows and liquidity, as well as the impact on its franchisees, guests and team\nmembers, the hospitality industry and overall demand for and restrictions on\ntravel; Wyndham's ability to satisfy obligations and agreements under its\noutstanding indebtedness, including the payment of principal and interest and\ncompliance with the covenants thereunder; risks related to Wyndham's ability\nto obtain financing and the terms of such financing, including access to\nliquidity and capital; and Wyndham's ability to make or pay, plans for and the\ntiming and amount of any future share repurchases and/or dividends, as well as\nthe risks described in Wyndham's most recent Annual Report on Form 10-K filed\nwith the Securities and Exchange Commission and any subsequent reports filed\nwith the Securities and Exchange Commission. These risks and uncertainties are\nnot the only ones Wyndham may face and additional risks may arise or become\nmaterial in the future. Wyndham undertakes no obligation to publicly update or\nrevise any forward-looking statements, whether as a result of new information,\nsubsequent events or otherwise, except as required by law.\n\nAbout Travel + Leisure Co.\n\nTravel + Leisure Co. (NYSE:TNL) is a leading leisure travel company, providing\nmore than six million vacations to travelers around the world every year. The\ncompany operates a portfolio of vacation ownership, travel club, and lifestyle\ntravel brands designed to meet the needs of the modern leisure traveler,\nwhether they’re traversing the globe or staying a little closer to home.\nWith hospitality and responsible tourism at its heart, the company’s nearly\n19,000 dedicated associates around the globe help the company achieve its\nmission to put the world on vacation. Learn more at travelandleisureco.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.travelandleisureco.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=travelandleisureco.com&index=3&md5=c9f23bdd3cb806c46df63aef704a3e06)\n.\n\nAbout Wyndham Hotels & Resorts\n\nWyndham Hotels & Resorts (NYSE: WH) is one of the world’s largest hotel\nfranchising companies with approximately 8,400 hotels across approximately 100\ncountries on six continents. Through its network of over 873,000 franchised\nand affiliated rooms appealing to the everyday traveler, Wyndham commands a\nleading presence in the economy and midscale segments of the lodging industry.\nThe Company operates a portfolio of 25 hotel brands, including Super 8(®),\nDays Inn(®), Ramada(®), Microtel(®), La Quinta(®), Baymont(®),\nWingate(®), AmericInn(®), ECHO Suites(®), Registry Collection Hotels(®),\nTrademark Collection(®) and Wyndham(®). The Company’s award-winning\nWyndham Rewards(®) loyalty program offers over 126 million enrolled members\nthe opportunity to redeem points at thousands of hotels, vacation club resorts\nand vacation rentals globally. For more information, visit\nwww.wyndhamhotels.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wyndhamhotels.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=www.wyndhamhotels.com&index=4&md5=4e1bfcb1a61dd8fc9bc5c085b890374d)\n.\n\nAbout Sports Illustrated\n\nFor over 70 years, Sports Illustrated (SI) has been recognized for shaping\nmodern culture at the intersection of sports, lifestyle, and entertainment. SI\nis a 360-degree platform that unites athletes, teams and fans worldwide\nthrough quality content, innovative digital experiences, unforgettable events,\nand original products. Its award-winning media arm brings powerful\nstorytelling to life through probing profiles and up-to-date news on SI.com,\nacross social media platforms, and through its renowned print magazine whose\ncover is widely regarded as the most coveted space in sports media. The most\ntrusted name in sports transcends media through SI Tickets\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitickets.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SI+Tickets&index=5&md5=8d3a220867542853dd7f0457164fb140)\n, a fan-first ticketing platform, SI Resorts\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fsportsillustratedresorts.com&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SI+Resorts&index=6&md5=fc6279215976ddc50364e6d3e613ab61)\n, the ultimate destination for active lifestyles & sports enthusiasts, SI\nStudios, the brand’s home for film, TV, and long form podcasts, and more. SI\nbrings its unique perspective to marquee events and captivating brand\nactivations including “SI The Party”, Club SI, the Sportsperson of the\nYear Awards, SI Swimsuit Launch Weekend, and the SI Circuit Series.\n\nFor more information, visit SI.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.si.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SI.com&index=7&md5=d244039356ef4a3e5bdd7870ab3b2adf)\n.\n\nFollow Sports Illustrated on X\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FSInow&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=X&index=8&md5=7f208ac7d74c40eb0541bca13e99587f)\n, Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fsportsillustrated%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=Instagram&index=9&md5=1cef9e3b965b5cacc94cc31a9fc46519)\n, Tik Tok\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tiktok.com%2F%40sports.illustrated%3Flang%3Den&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=Tik+Tok&index=10&md5=d6992418a381ba1b5f64303ec1899167)\nand Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FSportsIllustrated%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=Facebook&index=11&md5=4417ad97f0280dd33048c23e75743d75)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005255376/en/\n(https://www.businesswire.com/news/home/20261005255376/en/)\n\nMedia Contacts\n\nJessica Doyle\n\nTravel + Leisure Co.\n\nmedia@travelandleisure.com (mailto:media@travelandleisure.com)\n\nRob Myers\n\nWyndham Hotels & Resorts\n\n+1 973-753-6590\n\nrob.myers@wyndham.com (mailto:rob.myers@wyndham.com) \n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw7LgVqPa-20261005","title":"Travel + Leisure Co. Partners with Wyndham to Develop Hotels Under the Sports Illustrated Resorts Brand","author":"Business Wire","ticker":"TNL","created":"2026-10-05T12:00:01.882Z","tickers":["TNL","WH"],"exchange":"NYSE","article_body":"Travel + Leisure Co. Partners with Wyndham to Develop Hotels Under the Sports\nIllustrated Resorts Brand\n\nExpanded partnership establishes framework to build, operate and scale Sports\nIllustrated Resorts as a differentiated mixed-use hospitality platform\n\nHIGHLIGHTS\n\n\n * A new platform for Sports Illustrated hospitality: Travel + Leisure Co. and\nWyndham Hotels & Resorts are expanding their long-standing relationship\nthrough a new development partnership to scale Sports Illustrated\nResorts—now to include hotels—as part of a differentiated hospitality and\nmixed-use development platform.\n\n * Built for developers and asset owners: The model creates flexibility to\ndevelop standalone hotels under the Sports Illustrated Resorts brand or as\npart of a mixed-use destination that also includes vacation ownership and/or\nresidence offerings.\n\n * A partnership strengthened to scale Sports Illustrated Resorts: Travel +\nLeisure Co. brings the iconic Sports Illustrated Resorts hospitality platform,\nwith Wyndham providing the loyalty, distribution and marketing infrastructure\nto help bring the concept to new markets and destinations.\n\nTravel + Leisure Co. is advancing the next phase of Sports Illustrated Resorts\nthrough an expanded partnership with Wyndham Hotels & Resorts that\nestablishes the framework to build, operate and scale hotels under Sports\nIllustrated Resorts as a complementary, yet differentiated, hospitality and\nmixed-use development platform.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20261005255376/en/\n(https://www.businesswire.com/news/home/20261005255376/en/)\n\nTravel + Leisure Co. is advancing the next phase of Sports Illustrated Resorts\nthrough an expanded partnership with Wyndham Hotels & Resorts that\nestablishes the framework to build, operate and scale hotels under Sports\nIllustrated Resorts as a complementary, yet differentiated, hospitality and\nmixed-use development platform.\n\nFirst introduced by Travel + Leisure Co. in 2023, the Sports Illustrated\nResorts platform spans a range of hospitality, vacation ownership and\nresidential offerings brought together in sports-focused destinations. The\npartnership with Wyndham builds on that foundation—bringing the brand into\nthe traditional hotel space through a differentiated model that pairs Travel +\nLeisure’s brand stewardship, mixed-use development and management expertise\nwith Wyndham’s global scale, distribution, development engine and commercial\ninfrastructure.\n\nThe model is designed to give developers and asset owners greater flexibility\nin how they bring Sports Illustrated Resorts to life, from hotel-only\ndevelopments to larger mixed-use destinations that combine multiple components\nof the platform. Wyndham will leverage its relationships across the hotel\ncommunity to help identify potential development partners and asset owners as\nTravel + Leisure Co. expands the business.\n\n“Sports Illustrated Resorts is bringing the power of the Sports Illustrated\nbrand to life through travel and hospitality, building on the brand’s legacy\nin sports, culture and entertainment,” said Michael Brown, President &\nCEO, Travel + Leisure Co. “Opening the door to traditional hotels, in\npartnership with Wyndham, is the next chapter for the platform, giving us new\nways to extend the Sports Illustrated experience to travelers while creating\ndistinctive opportunities for developers and asset owners. We’re excited\nabout the potential to unlock even more of what the Sports Illustrated brand\ncan deliver in hospitality.”\n\n“Sports Illustrated is one of the world’s most iconic lifestyle and\nentertainment brands, and its connection to sports creates a powerful\nopportunity in hospitality,” said Geoff Ballotti, President & CEO,\nWyndham Hotels & Resorts. “Together with Travel + Leisure Co., we have\nan opportunity to create immersive, year-round destinations across college\ntowns and major urban markets, anchored in unique experiences, distinctive\nprogramming and premier sports-centric events. The result is a highly\ndifferentiated offering for developers looking to get into the high-yield\nsports tourism sector and one we believe is well-positioned to generate\nstrong, year-round demand.”\n\nExpanding the Sports Illustrated Resorts Platform\n\nTravel + Leisure Co. introduced Sports Illustrated Resorts in 2023 as a\nconcept for a network of sports-themed resort and lifestyle destinations in\ncollege towns and leisure markets. From the outset, the vision contemplated a\nrange of offerings, including vacation ownership, residential and other resort\nexperiences designed around the Sports Illustrated brand and its nearly\n70-year legacy in sports, culture and entertainment.\n\nSince then, Travel + Leisure Co. has continued to advance the Sports\nIllustrated Resorts platform across a growing portfolio of sports and\nentertainment markets.\n\nSports Illustrated Resorts Nashville is now welcoming owners and guests,\nmarking the debut of the first fully branded Sports Illustrated Resorts\ndestination. Located on Music Row, the 185-suite resort brings the brand to\nlife through sports-inspired amenities, social spaces and experiences designed\nto connect travelers with Nashville’s sports, entertainment and cultural\nofferings.\n\nAdditional Sports Illustrated Resorts destinations are underway in Chicago,\nBaton Rouge and Tuscaloosa. Chicago is currently operating in its “preseason\nera,” with project completion and the full brand offering expected in early\n2027. Baton Rouge, the first confirmed resort to feature a hotel component, is\nplanned for a phased opening later in 2027, while Tuscaloosa represents the\nbrand’s first ground-up resort and is expected to open in 2028.\n\nThe expansion of Sports Illustrated Resorts into the traditional hotel space\nbuilds on a decades-long relationship between Travel + Leisure Co. and Wyndham\nHotels & Resorts. That relationship extends across Travel + Leisure’s\ncornerstone vacation club brand, Club Wyndham, as well as experiential brands\nMargaritaville Vacation Club and Eddie Bauer Adventure Club, which connect\nwith Wyndham’s thousands of hotels globally through Wyndham Rewards. With\nmore than 126 million enrolled members, the industry’s #1 rated hotel\nrewards program serves as a powerful blue thread between the two companies,\ndriving engagement, loyalty and long-term value across their portfolios.\n\nSports Illustrated Resorts is operated by Travel + Leisure Co. under license\nfrom Authentic Brands Group.\n\nFor more information on Sports Illustrated Resorts, including development\nopportunities or upcoming stays, visit SportsIllustratedResorts.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sportsillustratedresorts.com&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SportsIllustratedResorts.com&index=1&md5=c64ebf2b7c3274cbda43179c1e13fd20)\n. Follow @SIResorts\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fsiresorts&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=%40SIResorts&index=2&md5=f5923a7f13aed0dca3eddb7cf4ab2386)\non Instagram.\n\nTravel + Leisure Co. Forward Looking Statements\n\nThis press release includes “forward-looking statements” as that term is\ndefined by the Securities and Exchange Commission (“SEC”). Forward-looking\nstatements are any statements other than statements of historical fact,\nincluding statements regarding our expectations, beliefs, hopes, intentions or\nstrategies about the expansion of Sports Illustrated Resorts discussed in this\npress release and the future. In some cases, forward-looking statements can be\nidentified by the use of words such as “expects,” “plans,” “will,”\nor “bringing,” or other words of similar meaning. Forward-looking\nstatements are subject to risks and uncertainties that could cause actual\nresults of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure\nCo.” or “we”) to differ materially from those discussed in, or implied\nby, the forward-looking statements. Factors that might cause such a difference\ninclude, but are not limited to, risks associated with: the acquisition of the\nTravel + Leisure brand and the future prospects and plans for Travel + Leisure\nCo., including our ability to execute our strategies to grow our cornerstone\ntimeshare and exchange businesses and expand into the broader leisure travel\nindustry; our ability to compete in the highly competitive timeshare and\nleisure travel industries; uncertainties related to acquisitions, dispositions\nand other strategic transactions; the health of the travel industry and\ndeclines or disruptions caused by adverse economic conditions (including\ninflation, recent tariff and other trade restrictions, higher interest rates,\nand recessionary pressures, travel restrictions, terrorism or acts of\nviolence, political strife, war (including hostilities in Ukraine and the\nMiddle East), pandemics, and severe weather events and other natural\ndisasters; adverse changes in consumer travel and vacation patterns, consumer\npreferences and demand for our products; increased or unanticipated operating\ncosts and other inherent business risks; our ability to comply with financial\nand restrictive covenants under our indebtedness; our ability to access\ncapital and insurance markets on reasonable terms, at a reasonable cost or at\nall; maintaining the integrity of internal or customer data and protecting our\nsystems from cyber-attacks; the timing and amount of future dividends and\nshare repurchases, if any; and those other factors disclosed as risks under\n“Risk Factors” in documents we have filed with the SEC, including in Part\nI, Item 1A of our Annual Report on Form 10-K for the fiscal year ended\nDecember 31, 2025, filed with the SEC on February 18, 2026. We caution readers\nthat any such statements are based on currently available operational,\nfinancial and competitive information, and they should not place undue\nreliance on these forward-looking statements, which reflect management’s\nopinion only as of the date on which they were made. Except as required by\nlaw, we undertake no obligation to review or update these forward-looking\nstatements to reflect events or circumstances as they occur.\n\nWyndham Hotels & Resorts Forward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe federal securities laws, including statements related to Wyndham's current\nviews and expectations regarding the potential demand, growth and scalability\nof the Sports Illustrated brand in connection with Wyndham’s expanded\npartnership with Travel + Leisure. Forward-looking statements are any\nstatements other than statements of historical fact, including those that\nconvey management's expectations as to the future based on plans, estimates\nand projections at the time Wyndham makes the statements and may be identified\nby words such as \"will,\" \"expect,\" \"believe,\" \"plan,\" \"anticipate,\" \"predict,\"\n\"intend,\" \"goal,\" \"future,\" \"forward,\" \"remain,\" \"confident,\" \"outlook,\"\n\"guidance,\" \"target,\" \"objective,\" \"estimate,\" \"projection\" and similar words\nor expressions, including the negative version of such words and expressions.\nSuch forward-looking statements involve known and unknown risks, uncertainties\nand other factors, which may cause the actual results, performance or\nachievements of Wyndham to be materially different from any future results,\nperformance or achievements expressed or implied by such forward-looking\nstatements. You are cautioned not to place undue reliance on these\nforward-looking statements, which speak only as of the date of this press\nrelease.\n\nFactors that could cause actual results to differ materially from those in the\nforward-looking statements include, without limitation, general economic\nconditions, including inflation, higher interest rates and potential\nrecessionary pressures, which may impact decisions by consumers and businesses\nto use travel accommodations; global trade disputes, including with China; the\nperformance of the financial and credit markets; the economic environment for\nthe hospitality industry; operating risks associated with the hotel\nfranchising business; Wyndham's relationships with franchisees; the ability of\nfranchisees to pay back loans owed to Wyndham; the impact of prior or any\nfuture impairment charges related to the credit Wyndham extends to its\nfranchisees; the impact of war, terrorist activity, political instability or\npolitical strife; global or regional health crises or pandemics including the\nresulting impact on Wyndham's business, operations, financial results, cash\nflows and liquidity, as well as the impact on its franchisees, guests and team\nmembers, the hospitality industry and overall demand for and restrictions on\ntravel; Wyndham's ability to satisfy obligations and agreements under its\noutstanding indebtedness, including the payment of principal and interest and\ncompliance with the covenants thereunder; risks related to Wyndham's ability\nto obtain financing and the terms of such financing, including access to\nliquidity and capital; and Wyndham's ability to make or pay, plans for and the\ntiming and amount of any future share repurchases and/or dividends, as well as\nthe risks described in Wyndham's most recent Annual Report on Form 10-K filed\nwith the Securities and Exchange Commission and any subsequent reports filed\nwith the Securities and Exchange Commission. These risks and uncertainties are\nnot the only ones Wyndham may face and additional risks may arise or become\nmaterial in the future. Wyndham undertakes no obligation to publicly update or\nrevise any forward-looking statements, whether as a result of new information,\nsubsequent events or otherwise, except as required by law.\n\nAbout Travel + Leisure Co.\n\nTravel + Leisure Co. (NYSE:TNL) is a leading leisure travel company, providing\nmore than six million vacations to travelers around the world every year. The\ncompany operates a portfolio of vacation ownership, travel club, and lifestyle\ntravel brands designed to meet the needs of the modern leisure traveler,\nwhether they’re traversing the globe or staying a little closer to home.\nWith hospitality and responsible tourism at its heart, the company’s nearly\n19,000 dedicated associates around the globe help the company achieve its\nmission to put the world on vacation. Learn more at travelandleisureco.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.travelandleisureco.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=travelandleisureco.com&index=3&md5=c9f23bdd3cb806c46df63aef704a3e06)\n.\n\nAbout Wyndham Hotels & Resorts\n\nWyndham Hotels & Resorts (NYSE: WH) is one of the world’s largest hotel\nfranchising companies with approximately 8,400 hotels across approximately 100\ncountries on six continents. Through its network of over 873,000 franchised\nand affiliated rooms appealing to the everyday traveler, Wyndham commands a\nleading presence in the economy and midscale segments of the lodging industry.\nThe Company operates a portfolio of 25 hotel brands, including Super 8(®),\nDays Inn(®), Ramada(®), Microtel(®), La Quinta(®), Baymont(®),\nWingate(®), AmericInn(®), ECHO Suites(®), Registry Collection Hotels(®),\nTrademark Collection(®) and Wyndham(®). The Company’s award-winning\nWyndham Rewards(®) loyalty program offers over 126 million enrolled members\nthe opportunity to redeem points at thousands of hotels, vacation club resorts\nand vacation rentals globally. For more information, visit\nwww.wyndhamhotels.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wyndhamhotels.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=www.wyndhamhotels.com&index=4&md5=4e1bfcb1a61dd8fc9bc5c085b890374d)\n.\n\nAbout Sports Illustrated\n\nFor over 70 years, Sports Illustrated (SI) has been recognized for shaping\nmodern culture at the intersection of sports, lifestyle, and entertainment. SI\nis a 360-degree platform that unites athletes, teams and fans worldwide\nthrough quality content, innovative digital experiences, unforgettable events,\nand original products. Its award-winning media arm brings powerful\nstorytelling to life through probing profiles and up-to-date news on SI.com,\nacross social media platforms, and through its renowned print magazine whose\ncover is widely regarded as the most coveted space in sports media. The most\ntrusted name in sports transcends media through SI Tickets\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitickets.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SI+Tickets&index=5&md5=8d3a220867542853dd7f0457164fb140)\n, a fan-first ticketing platform, SI Resorts\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fsportsillustratedresorts.com&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SI+Resorts&index=6&md5=fc6279215976ddc50364e6d3e613ab61)\n, the ultimate destination for active lifestyles & sports enthusiasts, SI\nStudios, the brand’s home for film, TV, and long form podcasts, and more. SI\nbrings its unique perspective to marquee events and captivating brand\nactivations including “SI The Party”, Club SI, the Sportsperson of the\nYear Awards, SI Swimsuit Launch Weekend, and the SI Circuit Series.\n\nFor more information, visit SI.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.si.com%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=SI.com&index=7&md5=d244039356ef4a3e5bdd7870ab3b2adf)\n.\n\nFollow Sports Illustrated on X\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FSInow&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=X&index=8&md5=7f208ac7d74c40eb0541bca13e99587f)\n, Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fsportsillustrated%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=Instagram&index=9&md5=1cef9e3b965b5cacc94cc31a9fc46519)\n, Tik Tok\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tiktok.com%2F%40sports.illustrated%3Flang%3Den&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=Tik+Tok&index=10&md5=d6992418a381ba1b5f64303ec1899167)\nand Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FSportsIllustrated%2F&esheet=54615656&newsitemid=20261005255376&lan=en-US&anchor=Facebook&index=11&md5=4417ad97f0280dd33048c23e75743d75)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005255376/en/\n(https://www.businesswire.com/news/home/20261005255376/en/)\n\nMedia Contacts\n\nJessica Doyle\n\nTravel + Leisure Co.\n\nmedia@travelandleisure.com (mailto:media@travelandleisure.com)\n\nRob Myers\n\nWyndham Hotels & Resorts\n\n+1 973-753-6590\n\nrob.myers@wyndham.com (mailto:rob.myers@wyndham.com) \n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-05T12:00:01.964978397Z","server_sent_at_ms":1791201601964},"received_at":"2026-10-05T12:00:02.015Z","source_url":"https://www.businesswire.com/news/home/20261005255376/en/"},"analysis":{"id":"148995","press_release_id":"160428","analysis_json":{"industry":{"label":"Hotels, Restaurants & Leisure","sector":"Consumer Discretionary"},"redFlags":["No financial terms, investment amounts, or unit growth targets disclosed for the hotel expansion"],"eventType":"partnership","narrative":"Travel + Leisure Co. expanded its partnership with Wyndham Hotels & Resorts to build, operate and scale hotels under the Sports Illustrated Resorts brand.\n\nThe model targets developers and asset owners, offering standalone hotels or mixed-use destinations combining hotel, vacation ownership and residence components, with Wyndham providing distribution, loyalty and marketing infrastructure.\n\nThe first fully branded destination, the 185-suite Sports Illustrated Resorts Nashville, is now open, with Chicago, Baton Rouge and Tuscaloosa projects slated for 2027-2028. No financial terms were disclosed, limiting near-term earnings visibility from the expansion.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Brand-extension growth story: Sports Illustrated Resorts moves into traditional hotels via Wyndham's distribution network, but economics remain undisclosed."},"keyFigures":{"customDimensions":{"resort_pipeline":["Chicago (early 2027)","Baton Rouge (late 2027, first hotel component)","Tuscaloosa (2028, first ground-up resort)"],"nashville_resort_suites":185,"wyndham_rewards_members":"over 126 million"}},"quotedText":"Opening the door to traditional hotels, in partnership with Wyndham, is the next chapter for the platform, giving us new ways to extend the Sports Illustrated experience to travelers while creating distinctive opportunities for developers and asset owners.","namedEntities":{"people":[{"name":"Michael Brown","role":"President & CEO, Travel + Leisure Co."},{"name":"Geoff Ballotti","role":"President & CEO, Wyndham Hotels & Resorts"},{"name":"Jessica Doyle","role":"Media contact, Travel + Leisure Co."},{"name":"Rob Myers","role":"Media contact, Wyndham Hotels & Resorts"}],"products":["Sports Illustrated Resorts","Club Wyndham","Margaritaville Vacation Club","Eddie Bauer Adventure Club","Wyndham Rewards"],"companies":[{"name":"Travel + Leisure Co.","ticker":"TNL","relationship":"filer / brand steward and operator"},{"name":"Wyndham Hotels & Resorts","ticker":"WH","relationship":"partner"},{"name":"Authentic Brands Group","relationship":"licensor of Sports Illustrated brand"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Expanded partnership with Wyndham extends the Sports Illustrated Resorts platform into traditional hotels — a strategic growth avenue, but no financial terms, revenue, or unit counts were disclosed. First Nashville resort opening is a modest operational milestone."},"tickerRelevance":{"others":[{"ticker":"WH","relevance":"partner"}],"primary":"TNL"},"globalImportance":22,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"large-cap consumer discretionary","eventGravity":"strategic partnership expansion without financial terms","issuerAuthored":true,"householdBrandBoost":"Sports Illustrated brand recognition"}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"Travel + Leisure Co. expanded its partnership with Wyndham Hotels & Resorts to build, operate and scale hotels under the Sports Illustrated Resorts brand.\n\nThe model targets developers and asset owners, offering standalone hotels or mixed-use destinations combining hotel, vacation ownership and residence components, with Wyndham providing distribution, loyalty and marketing infrastructure.\n\nThe first fully branded destination, the 185-suite Sports Illustrated Resorts Nashville, is now open, with Chicago, Baton Rouge and Tuscaloosa projects slated for 2027-2028. No financial terms were disclosed, limiting near-term earnings visibility from the expansion.","key_figures":{"customDimensions":{"resort_pipeline":["Chicago (early 2027)","Baton Rouge (late 2027, first hotel component)","Tuscaloosa (2028, first ground-up resort)"],"nashville_resort_suites":185,"wyndham_rewards_members":"over 126 million"}},"named_entities":{"people":[{"name":"Michael Brown","role":"President & CEO, Travel + Leisure Co."},{"name":"Geoff Ballotti","role":"President & CEO, Wyndham Hotels & Resorts"},{"name":"Jessica Doyle","role":"Media contact, Travel + Leisure Co."},{"name":"Rob Myers","role":"Media contact, Wyndham Hotels & Resorts"}],"products":["Sports Illustrated Resorts","Club Wyndham","Margaritaville Vacation Club","Eddie Bauer Adventure Club","Wyndham Rewards"],"companies":[{"name":"Travel + Leisure Co.","ticker":"TNL","relationship":"filer / brand steward and operator"},{"name":"Wyndham Hotels & Resorts","ticker":"WH","relationship":"partner"},{"name":"Authentic Brands Group","relationship":"licensor of Sports Illustrated brand"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T12:00:27.165Z","global_importance":22,"audience_relevance":30,"importance_components":{"tickerTier":"large-cap consumer discretionary","eventGravity":"strategic partnership expansion without financial terms","issuerAuthored":true,"householdBrandBoost":"Sports Illustrated brand recognition"}},"durationMs":null,"modelName":"glm-5.3-flashx"}}