Realogy Corp. has officially been approved as an independent company as Cendant splits into 4 different parts. Realogy will consist of Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, and Southeby’s International Realty, Cartus relocation services, NRT real estate brokerage, and the Title Resource Group.
The spinoffs of the two units, now to be called Realogy Corp. and Wyndham Worldwide Corp., had been expected in mid-July. Wyndham is the second-largest hotel franchiser, with properties under the Super 8, Days Inn and AmeriHost Inn brand names.
The company had said it would spin off the two units simultaneously after arranging a sale of its travel-services division, which includes Chicago-based Orbitz, the Galileo International booking system and Cheaptickets.com. via Chicago Tribune.
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