Wyndham Worldwide Operations | Corporate Headquarters

Property Description

The Wyndham Worldwide Headquarters location (“Property”) is triple-net leased to Wyndham Worldwide Operations, Inc. (“Tenant”), a subsidiary of Wyndham Worldwide Corporation, the guarantor under the lease (“Company”). The Company, publicly-traded and a member of the S&P 500, is one of the leading global hospitality firms and operates in three business segments: Wyndham Hotel Group (the world’s largest and most diverse hotel company with 7,490 hotels worldwide), Wyndham Exchange and Rentals, and Wyndham Vacation Ownership. The 249,409 square foot, three-story, institutional-quality Property was developed in 2009 as a build-to-suit for the Tenant by Mack-Cali Realty, a NYSE-traded REIT. The Property is located within the 600-acre Mack-Cali Business Campus in Morris County, New Jersey.

Business Essential Attributes

The Property is critical to the Tenant’s operations because it houses the main corporate operations of two of the Company’s three business segments, Wyndham Hotel Group and Wyndham Exchange and Rentals. The Property is the original building in the Tenant’s headquarters campus, which, pursuant to the Company’s continued growth and centralization plan, was expanded in 2013 through the construction of a 203,000 square foot, Class “A” building located immediately adjacent to the Property. The Property features an abundant amenity package and quality improvements that are perfectly suitable for a large corporate user such as the Tenant. The Property’s location in Morris County provides a long-term competitive advantage as it allows the Company to draw from a large pool of highly educated and skilled workers.

Additional Property Information

The Property boasts large efficient floor plates, ceiling heights of over thirteen feet, full-service cafeteria, 24-hour fitness center, indoor/outdoor seating areas and more. The Property’s amenities were designed to emulate the amenities found in a Wyndham 5-star hotel. The Property was recently awarded the 2014 Outstanding Building of the Year Award (TOBY) for the Middle Atlantic Region from the Building Owners and Managers Association (BOMA). The Property is also LEED Silver certified for both “Commercial Interiors” and “Existing Building Operations and Maintenance,” making it the only building in New Jersey to earn LEED designations for both. The Property is conveniently located near Interstates 80 and 287, which are two of New Jersey’s main highways.

Wyndham Worldwide Operations | Corporate Headquarters

Parsippany, New Jersey


Property Type: Class A Office
Square Footage: 249,409

Leased: 100%
Lease Expiration: August 31, 2029
Renewal Option(s):
Two 5-year options at 95% of Fair Market Value
Rent Increase(s):
1.75% Per Annum
Tenant: Wyndham Worldwide Operations, Inc.
Guarantor: Wyndham Worldwide Corporation (S&P : BBB-)
Website: www.wyndhamworldwide.com

*Stock ticker symbols and website are for Wyndham Worldwide Corporation, the guarantor of the lease. The tenant is a subsidiary of Wyndham Worldwide Corporation.

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