La Quinta by Wyndham Hotels & Resorts is Committed to Introducing the Brand in the Dominican Republic with Eight New Hotels
Santo Domingo, Dominican Republic - Wyndham Hotels & Resorts, the largest hotel franchise company in the world, shows great progress as it continues to expand its hotel portfolio, reaching the Caribbean for the first time through the Dominican development company "PROFUSION GROUP".
Profusion Group, along with Wyndham Hotels & Resorts, brings "La Quinta By Wyndham", a product created specifically for Dominican tourists, the 80MM members of Wyndham Hotel Group, and users who enjoy the products and services of this global brand.
The approximate capital investment being made by Profusion Group has committed is US $100,000,000 for the development of a portfolio comprised of eight hotel projects throughout the Dominican Republic, through an SPV administered by Universal, the leading Dominican National Trust Company accredited nationwide. Initially, the hotels will be located in four zones: Punta Cana, La Romana, Boca Chica and Santo. Domingo Puerto Caucedo.
"The growing need for domestic tourism options for Dominicans, the island's expanding middle class, and the unattended national market-led Profusion Group to enter this agreement with Wyndham Hotels & Resorts. My personal admiration for Dominicans and their admirable work ethic, the opportunity to contribute to the economy through domestic tourism, the creation of the thousand-plus jobs that this project will provide, and the country's stunning sun-drenched beaches and thriving gastronomy scene were key factors of inspiration for me," said Mr. Edward De Valle, CEO of Profusion Group.
This will be one of many agreements executed outside of the United States for Wyndham Hotels & Resorts since it acquired the brand and described strategic plans for expanding La Quinta by Wyndham in key global markets.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company, with approximately 9,300 hotels across approximately 90 countries on six continents. Through its network of over 831,000 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 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with approximately 400 properties under management. The Company's award-winning Wyndham Rewards loyalty program offers approximately 81 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.