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EXHIBIT 11
WYNDHAM HOTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED DECEMBER 31
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1995 1996
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Primary Earnings Per Share:
Number of Shares:
Common stock - 20,018
Pro forma common stock 20,018 -
Assumed exercise of stock options* - -
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20,018 20,018
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Income before extraordinary item.................................. $ 7,949 $ 25,097
Pro forma income tax adjustment (unaudited)....................... (3,140) N/A
Extraordinary items............................................... - (1,131)
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Historical net income as adjusted................................. $ 4,809 $ 23,966
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Earnings per share:
Income before extraordinary item............................... N/A $ 1.26
Pro forma income tax adjustment (unaudited).................... $ 0.24 $ N/A
Extraordinary item............................................. - (0.06)
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Historical net income as adjusted.............................. $ 0.24 $ 1.20
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Fully Diluted Earnings per Share:
Number of shares:
Common stock................................................... - 20,018
Pro form common stock.......................................... 20,018 -
Assumed exercise of stock options* - -
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20,018 20,018
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Income before extraordinary item.................................. $ 7,949 $ 25,097
Pro forma income tax adjustment (unaudited)....................... (3,140) N/A
Extraordinary item................................................ - (1,131)
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Historical net income as adjusted................................. $ 4,809 $ 23,966
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Earnings per share:
Income before extraordinary item N/A $ 1.26
Pro forma income tax adjustment (unaudited) $ 0.24 N/A
Extraordinary items - (0.06)
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Historical net income as adjusted $ 0.24 $ 1.20
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* Dilution from assumed exercise of stock options for 1996 is less than 3
percent of earnings per common share outstanding, and has not been
included in the calculation.