Wyndham Hotel Group Inks Deal with American Hotel Income Properties for 46 Hotels Across U.S
Agreement expands the hospitality giant’s U.S. presence with additions to its Baymont Inn & Suites, Travelodge, Super 8 and Days Inn brands
PHOENIX, Ariz. -- Wyndham Hotel Group - the hospitality giant with an unparalleled portfolio of more than 8,300 hotels globally - today announced an agreement with American Hotel Income Properties REIT Inc. (AHIP) to convert 44 existing hotels across the U.S. to Wyndham's Baymont Inn & Suites ®, Travelodge ® and Super 8 ® brands. Furthermore, AHIP has also newly acquired two additional hotels joining the Wyndham portfolio. All 46 hotels will become part of Wyndham's powerhouse global distribution network and award-winning loyalty program by the end of this year.
The agreement boosts the company's already strong presence in the U.S. midscale and economy hotel landscape with locations near Nashville, Tenn.; Kansas City, Kan.; Jefferson City, Mo.; Lincoln, Neb.; and Buffalo, N.Y.
Per the agreement, 44 existing hotels - currently operating under the Oak Tree Inn brand - will convert to a selection of Wyndham's brands: 14 hotels will convert to the Baymont Inn & Suites ® brand, 28 will convert to the Travelodge ® brand, and two will become Super 8 ®hotels. Of the two newly acquired hotels, one has recently converted to a Days Inn and the other is to be rebranded under one of Wyndham's brands later this month. The hotels will continue to be managed by ONE Lodging Management Inc., AHIP's exclusive external hotel manager, a wholly owned subsidiary of O'Neill Hotels & Resorts Ltd.
"Rob O'Neill and his team at AHIP have built a tremendous collection of clean, comfortable and affordable accommodations which guests have come to love. We could not be prouder to partner with them to help drive incremental revenue to their hotels," said Chip Ohlsson, Wyndham's executive vice president and chief development officer. "As leaders in midscale and economy lodging, we champion everyday travelers and prioritize our growth in the places they want to be with the brands they adore. Our unshakable momentum is a testament to the strong industry relationships like this one which support that mission."
Just last month, Wyndham Hotel Group closed on its acquisition of AmericInn, a midscale brand with a high-quality reputation across its 200 hotels concentrated in the Midwest. On top of the acquisition, year to date, the company has added nearly 200 hotels to its North American portfolio and the momentum continues: the 2018-and-beyond domestic pipeline includes nearly 700 hotels and 63,000 rooms.
"This agreement furthers our strategic plan to curate a robust portfolio of premium branded, select-service hotels poised for optimal success under strong recognized brands with national awareness that will empower them to flourish," said Rob O'Neill, chief executive officer of American Hotel Income Properties. "By licensing Wyndham Hotel Group's renowned brands, our hotels tap into the power and scale of the company's unmatched portfolio and gain access to tremendous distribution, buying power, and sales capabilities in addition to an unrivaled loyalty program that is 53 million members strong."
The added hotels benefit from flexible options and the power of scale that comes with being part of the world's largest hotel company including an experienced team and an in-depth array of services such as state-of-the-art technology and revenue management solutions, strategic sourcing, global sales, marketing and distribution, operations support, best-in-class training and affiliation with the most generous hotel loyalty program in the industry.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of approximately 872,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers over 106 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company's website in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
About Wyndham Rewards
Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world's most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide.
Designed for the everyday traveller, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide range of rewards, including free nights at any of the approximately 9,100 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 103 million enrolled members globally. Join for free today at www.wyndhamrewards.com. You've earned this. ®
