In April 2005, Cendant acquired Gullivers Travel Associates, a British seller of travel packages and wholesale hotel nights, for $1.1 billion. In October 2005, the company bought the Wyndham hotel brand from Blackstone for $111 million. Breakup On October 23, 2005, Cendant's strategy of simplification culminated in the announcement that it would split into four separate companies, focused respectively on hotels, real estate, travel services, and rental cars. Silverman said the breakup would improve shareholder value by allowing the market to better recognize the value of Cendant's component businesses. Cendant originally planned to spin off its travel services division to shareholders as a company named Travelport, but on June 30, 2006, Cendant announced it would sell Travelport to Blackstone for $4.3 billion. On July 31, 2006, Cendant's real estate and hotel divisions were spun off and became separate companies under the names Realogy and Wyndham Worldwide, respectively. The sale of Travelport to Blackstone was completed on August 23, 2006. This left Cendant with only its car rental business, comprising Avis, Budget Rent a Car, and Budget Truck Rental. The company retired the Cendant name and renamed itself to Avis Budget Group on September 1, 2006. Former brands Automobile rentals Cendant owned the rental brands of Avis and Budget, holding these properties in the CCRG (Cendant Car Rental Group). Avis and Budget operate a shared fleet of cars, and have the same "back end" system, but operate at different locations, offer different service levels, and have somewhat different pricing. After the Cendant name was dissolved, the car rental segment became known as Avis Budget Group and currently trades on the NASDAQ stock exchange under the ticker symbol CAR. Hotel franchises These brands were spun off into Wyndham Worldwide. AmeriHost Inn Baymont Inn & Suites Days Inn Days Inn China Hawthorn Suites by Wyndham Howard Johnson Knights Inn (includes Villager Inn, which was merged into Knights Inn in 2004) Ramada Ramada Asia-Pacific Super 8 Worldwide Travelodge Wingate Inn Wyndham Hotels & Resorts Real estate franchises These companies are now under the Realogy banner. Century 21 Real Estate Citi-Habitats Coldwell Banker Corcoran Group ERA Real Estate NRT Sotheby's International Realty Membership programs These companies are now under the Affinion Group banner. CUC International (Comp-U-Card) Shopper's Advantage AutoVantage Traveler's Advantage Buyer's Advantage NetMarket PrivacyGuard Travel services These brands were separated into a new company called Travelport. CheapTickets TripRewards HotelClub.com AoYou.com RatesToGo.com Galileo CRS Orbitz