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Wyndham Hotel Group Converts 20 New Managed Hotels in One Day
8/2/2012
Parsippany, N.J.—Wyndham Hotel Group announced that it converted 20 hotels in one day, adding the properties to its portfolio of managed properties under the Wyndham Hotels and Resorts and Hawthorn Suites by Wyndham brands.
The addition of the properties is part of the Company’s recently announced agreement with Hospitality Properties Trust (HPT) to rebrand four hotels in the portfolio to Wyndham Hotels and Resorts properties and 16 hotels to Hawthorn Suites by Wyndham properties.
All 20 hotels are now managed by Wyndham Hotel Group’s affiliated management companies under a 25-year contract. Also, HPT will provide up to $75 million for refurbishment and rebranding of the hotels.
“I am very pleased to officially welcome these 20 hotels to our growing Wyndham Hotel Group portfolio,” said Eric Danziger, Wyndham Hotel Group president and CEO, in an announcement. “The team made an incredible and unprecedented effort to convert these hotels all in one day, and I am confident that our hospitality expertise and the power of Wyndham Hotel Group will help these properties prosper.” READER COMMENTS
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