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EXHIBIT 11
WYNDHAM HOTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1996
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
Quarter Ended Nine Months Ended
September 30 September 30
------------------- ---------------------
1995 1996 1995 1996
-------- ------- ------- -------
Primary Earnings Per Share:
Number of Shares:
Common stock outstanding - 20,018 - 20,018
Assumed exercise of stock options* - - - -
-------- -------- -------- --------
- 20,018 - 20,018
======== ======== ======== ========
Income before extraordinary item $ 1,705 $ 2,769 $ 6,901 $ 21,560
Extraordinary item - - - (1,131)
-------- -------- -------- --------
Net income $ 1,705 $ 2,769 $ 6,901 $ 20,429
======== ======== ======== ========
Earnings per common share outstanding:
Income before extraordinary item N/A $ .14 N/A $ 1.08
Extraordinary item N/A - N/A (.06)
-------- --------
Net Income N/A $ .14 N/A $ 1.02
======== ========
Fully Diluted Earnings Per Share:
Number of Shares:
Common stock outstanding - 20,018 - 20,018
Assumed exercise of stock options* - - - -
-------- -------- -------- --------
- 20,018 - 20,018
======== ======== ======== ========
Income before extraordinary item $ 1,705 $ 2,769 $ 6,901 $ 21,560
Extraordinary item - - - (1,131)
-------- -------- -------- --------
Net income $ 1,705 $ 2,769 $ 6,901 $ 20,429
======== ======== ======== ========
Earnings per common share outstanding:
Income before extraordinary item N/A $ .14 N/A $ 1.08
Extraordinary item N/A - N/A (.06)
-------- --------
Net Income N/A $ .14 N/A $ 1.02
======== ========
* Dilution from assumed exercise of stock options is less than 3 percent of
earnings per common share outstanding, therefore, is not included in the
calculation.