Steady flow of new construction openings in U.S. boosts brand’s footprint in first full quarter under Wyndham Hotels & Resorts
The brand new La Quinta Inn & Suites Suites Opelika-Auburn in Opelika, Ala., was one of seven new La Quinta by Wyndham hotels to open in Q3 2018.Click to Download
PARSIPPANY, N.J.(Nov. 13, 2018) – Wyndham Hotels & Resorts, the world’s largest hotel franchisor with more than 9,000 hotels and 20 iconic brands, bolstered its leading network of midscale offerings in the third quarter of 2018 and strengthened the presence of its La Quinta by Wyndham brand with the opening of seven hotels across the U.S.
The latest La Quinta additions in South Jordan and Kanab, Utah; Opelika and Tuscaloosa, Ala.; Aberdeen, Md.; Duncanville, Texas; and Columbus, Miss., bring the brand’s growing U.S. footprint to nearly 900 hotels. Six of the seven are newly built destinations, signifying Wyndham’s strategic efforts to drive hotel consistency and quality through new-construction growth, as well as indicating continued keen interest among hotel owners to add new La Quinta locations to their portfolios.
La Quinta’s roster of openings in its first full quarter since being acquired by Wyndham earlier this year demonstrates the Company’s steadfast commitment to expanding its newest flag in key markets, largely through new construction. Further propelling the brand’s growth, Wyndham executed 10 La Quinta franchise agreements between July 1 and September 30, 2018, nine of which were new construction deals. As of September 30, 2018, 90 percent of the 260 hotels in the brand’s pipeline were new construction.
“Hotel developers choose La Quinta time and time again because of the brand’s long-standing reputation for delivering quality, dependability, and great guest experiences,” said Rajiv Trivedi, president, La Quinta at Wyndham Hotels & Resorts. “These recent additions represent the best of what La Quinta has to offer, and our robust new-construction pipeline is testament to the brand’s tenacious growth potential. With Wyndham’s scale and distribution we’ll continue partnering with passionate owners to raise more brand flags in high-demand areas.”
Opening Doors in the U.S.
The six newly built hotels that joined La Quinta in the third quarter are:
La Quinta Inn & Suites Opelika-Auburn in Opelika, Ala.;
La Quinta Inn & Suites Tuscaloosa-McFarland in Tuscaloosa, Ala.;
La Quinta Inn & Suites Aberdeen APG in Aberdeen, Md.;
La Quinta Inn & Suites Dallas-Duncanville in Duncanville, Texas;
La Quinta Inn & Suites South Jordan in South Jordan, Utah; and
La Quinta Inn & Suites Kanab in Kanab, Utah.
The seventh addition, La Quinta Inn & Suites Columbus in Columbus, Miss., underwent a complete renovation to transform all guest rooms and public spaces, infusing a fresh, modern look while incorporating the enhanced amenities guests have come to expect from the brand.
Each of the new hotels reflects La Quinta’s guest-inspired, owner-friendly Del Sol prototype. The design combines clean geometric lines, bold colors, and varying textures with iconic brand elements and guest-centric offerings to enhance the experience while maximizing revenue-generating space for hotel developers. Thirty-five Del Sol hotels are currently under construction in the U.S., with 40 already open and operating.
Like each of its more than 910 upper-midscale and midscale hotels in North and Latin America, La Quinta’s newest additions offer the brand’s signature pillow-top Bright Morning Bed®, free Bright Side Breakfast®, and spacious in-room work areas. Additional features include the Great Room, a comfortable and spacious social gathering space; a state-of-the-art fitness center; free high-speed Wi-Fi; and meeting space.
Driving Development
La Quinta’s third-quarter openings pace continues a year of solid development momentum. So far in 2018, the brand has surpassed the 900-hotel mark and celebrated 19 openings – nearly 70 percent of which were new construction – including global debuts in Santiago, Chile, and León, Mexico. These brand new hotels in Latin America are conveniently located near Santiago’s international airport and in the heart of León, catering to travelers looking for comfortable, dependable lodging, and top-rated service while visiting these bustling cities.
“The growing global middle class, which is expected to grow by 160 million people each year for the next five years, is traveling more and seeking out value-driven experiences, steering the need for quality accommodations at affordable price points around the world,” said Bob Loewen, executive vice president and chief operating officer at Wyndham Hotels & Resorts. “Such demand puts a trusted, fast-growing select-service brand like La Quinta in an opportune position to branch out in sought-after markets like South America and debut in new ones like Europe, where we’re aiming to introduce the brand by the end of the year.”
Wyndham’s May 2018 acquisition of La Quinta strengthened the Company’s position as a midscale lodging leader with approximately 37 percent of branded rooms in the segment in the U.S.
ABOUT LA QUINTA BY WYNDHAM With more than 910 upper-midscale and midscale destinations in North and Latin America, La Quinta is a bright spot in every travelers’ journey. Whether traveling for business or leisure, guests can rest assured, relax, and recharge thanks to the brand’s Bright Morning Bed®, free Bright Side Breakfast®, spacious in-room work areas, and free high-speed internet. For more information, visit www.lq.com. Like and follow La Quinta on Facebook, Twitter, and YouTube.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with more than 9,000 hotels across more than 80 countries on six continents. Through its network of over 798,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both 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®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 59 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally. For more information, visit www.wyndhamhotels.com.
World’s largest hotel franchisor celebrates first La Quinta to break ground since acquisition; TRYP by Wyndham’s fourth Florida destination will bring urban lifestyle to the theme park capital of the world
PARSIPPANY, N.J. (June 28, 2018) – Wyndham Hotels & Resorts, the world’s largest hotel franchisor with nearly 9,000 hotels and 20 powerhouse brands, is building its presence in Orlando, commencing side-by-side construction of two hotels under its La Quinta® and TRYP by Wyndham® brand flags on the famed International Drive close to the area’s best known attractions. The hotels mark the ninth La Quinta location in the Orlando market – the first to break ground since Wyndham acquired the leading midscale brand – and the city’s first TRYP by Wyndham hotel.
The La Quinta and TRYP by Wyndham hotels – both owned and developed by Miami-based Riviera Point Development Group and set to open in 2019 and 2020, respectively – will share a three-plus-acre site in the country’s most popular destination for visitors. The city became the first in the U.S. to surpass 70 million tourists, according to Visit Orlando, attracting 72 million visitors in 2017 – up from 68 million the previous year.
The new developments will widen Wyndham’s already sizable network of more than 50 hotels across 12 brands in the Orlando market.
“Orlando continues to draw travelers at a record-setting pace, creating new opportunities through relationships with established developers like Riviera Point Development Group to offer varied accommodations meeting the ever-evolving needs of travelers,” said Chip Ohlsson, executive vice president and chief development officer, North America, at Wyndham Hotels & Resorts. “Expanding our portfolio of offerings with these two brands in particular – our trusted La Quinta name and cosmopolitan TRYP by Wyndham flag – delivers two distinct, high-quality experiences in a top destination flowing with a diverse network of holidaymakers and business travelers from around the world.”
Rising in Orlando
La Quinta
The four-story La Quinta hotel will feature 101 modern guest rooms; a comfortable and multifunctional great room for guests to gather, relax, or work; a fully equipped fitness center; a pool; and approximately 750 square feet of meeting space. Upon opening, it will join eight hotels already operating in the market under the La Quinta flag, and it will be the first in the city to reflect the brand’s contemporary Del Sol prototype. The Del Sol design combines clean geometric lines, bold colors, and varying textures with iconic brand elements, like La Quinta’s recognizable red-clay roof, and guest-centric offerings to enhance the stay experience while also helping maximize revenue-per-square foot for hotel developers.
Like all of the brand’s approximately 900 upper-midscale and midscale La Quinta and LQ Hotel™ locations in North and Latin America, the new La Quinta in Orlando will offer guests the brand’s signature Bright Morning Bed®, free Bright Side Breakfast®, spacious in-room work areas and free high-speed internet.
“La Quinta has long been a highly desirable, fast-growing brand that both hotel developers and travelers know and trust,” said Raj Trivedi, president of the La Quinta brand at Wyndham Hotels & Resorts. “To continue this growth in such a viable market with our efficient, guest-focused Del Sol design – and to do so under the umbrella of a leading hospitality company in Wyndham – is a significant milestone as we focus our efforts on planting the La Quinta flag in new destinations around the country.”
Wyndham Hotels & Resorts closed on its acquisition of La Quinta in May 2018, bolstering its position as a midscale lodging leader with approximately 37 percent of branded rooms in the midscale segment. The company immediately made status match and 1:1 point transfer available between Wyndham Rewards® and La Quinta ReturnsTM as it works to integrate the brand into Wyndham’s award-winning loyalty program by the second quarter of 2019.
TRYP by Wyndham
Slated to open in 2020, the new TRYP by Wyndham in Orlando becomes the fourth hotel in Florida for the growing cosmopolitan brand. Celebrating the spirit of the urban traveler, each TRYP hotel is infused with local spirit allowing guests to uncover each destination’s individual culture and setting the stage for authentic, local experiences. The 98-room hotel will offer the brand’s hallmark social lobby, library space and small meeting room; a bar and restaurant featuring TRYP’s signature tapas, or small plates, service; a gym; and an outdoor pool.
With its unique cities and range of experiences, Florida remains a top market for the brand which recently opened TRYP by Wyndham Sebastian St. Augustine, TRYP by Wyndham Maritime Fort Lauderdale and TRYP by Wyndham Miami Bay Harbor in “The Sunshine State”. The brand’s global pipeline includes approximately 4,000 rooms and 29 hotels, including Florida locations such as Coral Gables, Miami and Kissimmee. The company also recently announced plans for a dual-branded TRYP by Wyndham and Wyndham Grand concept in Miami’s popular Brickell district.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the largest hotel franchising Company in the world, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of approximately 790,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both 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®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty program offers more than 56 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally. For more information, visit www.wyndhamhotels.com.
Award-winning programs offer immediate benefits to all members in advance of anticipated 2019 integration
PARSIPPANY, N.J., June 4, 2018 – Following its recent acquisition of the La Quinta® hotel brand, Wyndham Hotels & Resorts® (NYSE: WH)—the world’s largest hotel franchising company with nearly 9,000 hotels and 20 powerhouse brands—today announced exciting new benefits for members of its award-winning Wyndham Rewards® loyalty program and members of La Quinta Returns, specifically 1:1 point transfer between the two programs and complimentary status match.
Available starting today, the move enables members of both programs—more than 56 million in Wyndham Rewards and more than 13 million in La Quinta Returns®—to take advantage of a wide range of benefits at a combined portfolio nearly 9,000 hotels around the world as Wyndham works to integrate La Quinta and its La Quinta Returns members into the Wyndham Rewards program by the second quarter of 2019.
“The addition of a brand like La Quinta carries tremendous benefit for all Wyndham Rewards members, not the least of which is expanded access to approximately 900 high-quality, midscale hotels across the globe,” said Eliot Hamlisch, vice president of worldwide loyalty and partnerships at Wyndham Hotels & Resorts. “As our teams work diligently to ensure a smooth integration of the brand into the Wyndham Rewards program, we felt it critically important to enable members of both programs to feel the benefits of the acquisition right away. That starts today with 1:1 point transfer and status match, and in the coming months, will continue as members start seeing La Quinta hotels in their search results on WyndhamRewards.com.”
To take advantage of point transfer and status match, members of both programs should first visit www.wyndhamrewards.com/LQ. Wyndham Rewards Gold members may match to La Quinta Returns Gold status, while Wyndham Rewards Platinum and Diamond members may match to La Quinta Returns Elite status. Similarly, La Quinta Returns Gold and Military Rewards Gold members may match to Wyndham Rewards Gold status, while La Quinta Returns Elite and Military Rewards Elite members may match to Wyndham Rewards Platinum status.
Named a best hotel rewards program for the past three consecutive years by U.S. News and World Report, Wyndham Rewards® is the award-winning loyalty program of Wyndham Hotel Group, offering members a generous points earning structure along with a flat, free night redemption rate—the first of its kind for a major rewards program. Members earn a guaranteed 1,000 points for every qualified stay and can redeem for a free night at any of more than 25,000 hotels, condos or homes around the world for just 15,000 points per room per night. No tricks, just Wyndham Rewards magic. You’ve Earned This®. Join for free today at www.wyndhamrewards.com.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the largest hotel franchising Company in the world, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of approximately 790,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both 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®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty program offers more than 56 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally. For more information, visit www.wyndhamhotels.com.
WYNDHAM WORLDWIDE COMPLETES ACQUISITON OF LA QUINTA HOLDINGS
Transaction Significantly Expands Wyndham Hotels & Resorts’ Midscale Presence and Hotel Network
PARSIPPANY, N.J., May 31, 2018 — Wyndham Worldwide Corporation (NYSE: WYN) today announced that its subsidiary, Wyndham Hotels & Resorts, has completed its previously announced acquisition of La Quinta Holdings’ hotel franchising and hotel management business.The addition of La Quinta’s over 900 franchised hotels with a total of nearly 89,000 rooms builds Wyndham Hotels & Resorts’ midscale presence and expands its reach further into the upper-midscale segment of the lodging industry.
Wyndham Hotels & Resorts is the world’s largest hotel franchising company based on number of properties and will become an independent public company (NYSE: WH) when it is spun-off from Wyndham Worldwide after the market close on May 31.Wyndham Hotels & Resorts now operates a portfolio of 20 lodging brands with nearly 9,000 franchised hotels across more than 80 countries and six continents, and is a leading provider of hotel management services.
La Quinta’s loyalty program, La Quinta Returns®, which includes approximately 15 million enrolled members, will be combined in the coming months with the award-winning Wyndham Rewards® program, which includes over 56 million enrolled members.As a result, La Quinta guests and franchisees will soon benefit from Wyndham Hotels & Resorts’ intense focus on product quality, state-of-the-art technology solutions and a loyalty program widely regarded as the most generous in the industry.
Wyndham Hotels & Resorts funded the $1.95 billion acquisition of La Quinta with proceeds from its $500 million offering of 5.375% senior notes due 2026 completed in April and a $1.6 billion term loan due 2025 that closed in connection with the acquisition.
Prior to Wyndham Hotels & Resorts’ acquisition of La Quinta’s hotel franchising and hotel management business, La Quinta completed its spin-off of CorePoint Lodging Inc. (NYSE: CPLG), a publicly traded real estate investment trust that owns 316 La Quinta hotels.
ABOUT WYNDHAM WORLDWIDE
Wyndham Worldwide Corporation (NYSE: WYN) is one of the largest global hospitality companies, providing travelers with access to a collection of trusted hospitality brands in hotels, vacation ownership, and unique accommodations including vacation exchange and managed vacation rentals.With a collective inventory of over 22,000 places to stay across 110 countries on six continents, Wyndham Worldwide and its more than 42,000 associates welcome people to experience travel the way they want.This is enhanced by Wyndham Rewards®, Wyndham Worldwide’s award-winning guest loyalty program across its businesses, which is making it simpler for members to earn more rewards and redeem their points faster.
Wyndham Hotels & Resorts, Inc. (NYSE: WH beginning June 1) is the largest hotel franchising Company in the world, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of approximately 790,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both 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®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty program offers more than 56 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Worldwide makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “guidance,” “estimate” and similar words or expressions, including the negative version of such words and expressions.Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Worldwide or Wyndham Hotels & Resorts to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.The forward-looking statements contained in this press release include statements related to Wyndham Worldwide’s current views and expectations with respect to the spin-off and related transactions.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, general economic conditions; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel, vacation exchange and rentals and vacation ownership businesses; uncertainties that may delay or negatively impact the planned spin-off of Wyndham Hotels & Resorts or cause the spin-off to be delayed or to not occur at all; uncertainties related to Wyndham Worldwide’s and Wyndham Hotels & Resorts’ ability to realize the anticipated benefits of the spin-off or the La Quinta acquisition; uncertainties related to Wyndham Worldwide’s ability to successfully complete the spin-off on a tax-free basis within the expected time frame or at all; uncertainties related to Wyndham Worldwide’s and Wyndham Hotels & Resorts’ ability to obtain financing or the terms of such financing, including in connection with the spin-off; unanticipated developments related to the impact of the spin-off, the acquisition and integration of La Quinta and related transactions on Wyndham Worldwide’s and Wyndham Hotels & Resorts’ relationships with their respective customers, suppliers, employees and others with whom they have relationships; unanticipated developments resulting from possible disruption to the operations of Wyndham Worldwide and Wyndham Hotels & Resorts resulting from the proposed spin-off, the La Quinta acquisition; the potential negative effects of the spin-off, the La Quinta acquisition and related transactions on the credit ratings of Wyndham Worldwide and Wyndham Hotels & Resorts; uncertainties related to the successful integration of Wyndham Hotels & Resorts’ business with La Quinta’s hotel franchising and management business; the timing and amount of future share repurchases and dividends; as well as those risks described in Wyndham Hotels & Resorts’ Registration Statement on Form 10 initially filed with the SEC on March 16, 2018, as amended, Wyndham Worldwide’s Annual Report on Form 10-K, filed with the SEC on February 16, 2018, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.We undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.
