Global hospitality leader achieves Gold LEED recertification from U.S. Green Building Council, top ENERGYSTAR score, and platinum-level designation as a New Jersey Smart Workplace
PARSIPPANY, N.J. (October 25, 2018) –Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company, has received a Gold recertification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program for the company’s headquarters in Parsippany, N.J. The recertification designates Wyndham Hotels & Resorts corporate campus as one of the highest-performing green buildings in the country, reflecting the Company’s commitment to minimizing its environmental footprint.
LEED is a third-party certification program and premier benchmark for the design, construction and operation of green buildings. It uses a point system to determine the environmental merits of a building, with four levels of certification, depending on how many points the project has earned: certified, silver, gold or platinum. The building received its first Silver Certification for Corporate Interiors in 2010, a second Silver certification for Existing Buildings: Operations and Maintenance (EBOM) in 2013, and this recent Gold EBOM recertification, which was earned through water reduction, green cleaning and indoor air quality management.
“At Wyndham Hotels & Resorts, we’re building on our legacy of developing eco-friendly initiatives across our operations,” said Mary Falvey, chief administrative officer, Wyndham Hotels & Resorts. “We remain committed to implementing innovative environmental practices, not only for our hotel portfolio, but also for our corporate offices, as this effort reduces costs, fosters the efficient use of resources, and supports profitability.”
Wyndham Hotels & Resorts achieved a Gold LEED recertification through site related credits, such as:
Open habitat protection – The building has native vegetation covering a minimum of 25% of the total land area. These natural areas provide a habitat and promote biodiversity.
Storm water management – The Company implemented a storm water management plan to ensure runoff is effectively retained onsite from at least 15% of all precipitation for an average weather year, while also accounting for the potential of above-average rain totals.
Water efficient landscaping – The building eliminated irrigation on mature plant life and utilized natural and adaptive plantings on site to further minimize water usage.
Additionally, over the past five years, the Wyndham Hotels & Resorts’ headquarters building has improved its score for energy efficiency through ENERGY STAR. Supported by the U.S. Environmental Protection Agency, buildings that earn the ENERGY STAR use, on average, 35 percent less energy than their peers.
To help further reduce its carbon footprint at its headquarters in New Jersey, the Company provides sustainable transportation options for employees, earning Wyndham Hotels & Resorts the designation as a 2018 Platinum-level New Jersey Smart Workplace (NJSW) by TransOptions for the seventh year in a row. The NJSW program recognizes employers who have made great strides in providing commuting alternatives, and the company’s perks include premier parking spots for employees who carpool and drive hybrid vehicles, car charging stations for hybrid or electric vehicles, mass transit options, including a free shuttle to/from the local train station.
“The greening efforts at our headquarters building positively affect our people, who are our Company’s best asset,” said Bill Skrzat, chief human resources services officer. “By reducing our carbon footprint and providing commuting alternatives, we are supporting our team members’ best work, which in turn allows them to take the greatest care of our guests and partners.”
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of more than 792,000 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 approximately 58 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally. For more information, visit www.wyndhamhotels.com.
Latest addition in Yunnan Province bolsters Wyndham Hotels & Resorts’ position as largest U.S.-based hotel company in China
Wyndham Hotels & Resorts marks its landmark 100th Ramada® by Wyndham location in the country with the opening of the 194-room Ramada Plaza Fuxian Lake.Click to Download
PARSIPPANY, N.J.(Oct. 18, 2018) – Expanding its established presence of over 1,400 hotels in China, Wyndham Hotels & Resorts, the world’s largest hotel franchisor with nearly 9,000 hotels and 20 iconic brands and the largest U.S.-based hotel company in China, recently marked its landmark 100th Ramada® by Wyndham location in the country with the opening of the 194-room Ramada Plaza Fuxian Lake.
Wyndham, which acquired the international rights to the Ramada flag in 2004 with just 14 hotels in China, has steadily grown the brand’s presence in key business and leisure travel markets there – including Shanghai, Beijing, Xiamen, and Chongqing, among others – offering a globally-recognized and trusted hotel name to the country’s ever-growing base of travelers. Today, the brand’s footprint consists of over 850 locations in more than 60 countries around the world.
“The increasing travel habits and spending among China’s burgeoning middle class – which is expected to grow to more than 500 million people by 2022 – continues to drive the need for a range of quality, value-driven accommodations throughout the country, from urban to rural destinations,” said Bob Loewen, executive vice president and chief operating officer, Wyndham Hotels & Resorts.
“Ramada has delivered sought-after lodging options and high-caliber service around the world for six-plus decades. Reaching this milestone of 100 hotels in China signifies the confidence and trust hotel owners and guests have in the internationally renowned brand, and highlights the vast opportunities to continue expanding Ramada even further in the region,” he continued.
Located in Yunnan Province’s Changjiang County, the newly constructed Ramada Plaza Fuxian Lake is situated within Southwest China’s mountain landscape close to the Lucong Scenic Area, Maotianshan Mountain National Geo-Park, and Kunming International Airport. The tranquility of nearby Fuxian Lake – a popular attraction located just five kilometers away – inspired the hotel’s relaxing design elements, like its wavy exterior and neutral color palettes.
Services and amenities at China’s newest Ramada include two eateries, daily free breakfast offering traditional Sichuan and Yunnan cuisine, a heated indoor pool, a fitness center, and free Wi-Fi. The hotel’s 760 square meters of meeting and event space comprises five meeting rooms accommodating up to 600 guests.
Wyndham Hotels & Resorts currently has seven brands spanning all segments operating in China, including Ramada, Super 8® by Wyndham, Days Inn® by Wyndham, and its flagship Wyndham® chain. The Company debuted two of its brands in the country in the past year – the lifestyle TRYP by Wyndham flag and the award-winning midscale Wingate by Wyndham® name – with the openings of new hotels in Xian and Sanya.
As of September, 30, 2018, Wyndham had more than 90 Ramada hotels in its pipeline in China.
ABOUT RAMADA® BY WYNDHAM
With over 850 hotels in more than 60 countries, global travelers are bound to find Ramada® by Wyndham, one of the world’s most recognized hotel brands, wherever their travels take them. Guests choose Ramada to not only sample the world around them but for the brand’s passionate team members and full-service hospitality as well as functional meeting space, comfortable guest rooms, free Wi-Fi, and casual dining options. For more information visit www.ramada.com. Like and follow Ramada on Facebook and Twitter.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of more than 792,000 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 approximately 58 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally. For more information, visit www.wyndhamhotels.com.
PARSIPPANY, N.J., Oct. 5, 2018 – Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report third quarter 2018 results on Tuesday, October 30, 2018. Geoff Ballotti, President and Chief Executive Officer, and David Wyshner, Chief Financial Officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877-876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on October 30, 2018. A telephone replay will be available for approximately ten days beginning at noon ET on October 30, 2018 at 800-723-6062.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of more than 792,000 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 approximately 58 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 midscale hotel brand debuts in China and bolsters North American offerings;
Continued midscale growth further strengthens Wyndham Hotels & Resorts’ segment leadership position
PARSIPPANY, N.J.(Sept. 25, 2018) – Wyndham Hotels & Resorts, the world’s largest hotel franchisor with nearly 9,000 hotels and 20 powerhouse brands, is bolstering its network of midscale hotels and extending the global footprint of its award-winning Wingate by Wyndham® brand with the recent opening of 14 locations across both hemispheres, including the first Wingate hotel in China and new additions to the brand’s established presence in the U.S. and Canada.
Wingate is suited for travelers seeking balance in work, life, and everything in between, offering what’s needed to stay connected, productive, and ready for whatever comes next – like inviting, contemporary lounges; free breakfast; flexible and functional meeting space; and spacious guest rooms. The introduction of its first hotel in China, plus additions across the U.S. and British Columbia, Canada, brings the expanding brand’s global presence to nearly 170 hotels. As of June 30, 2018, Wingate’s global pipeline consisted of 74 hotels, nearly 60 percent of which were new construction.
“The global middle class, which is growing steadily at an estimated rate of 160 million people each year, continues to travel more and seek out great experiences and value,” said Tom Barber, chief development and strategy officer, Wyndham Hotels & Resorts. “Expanding Wingate in high-demand markets around the world exposes the brand to new circles of travelers, and doing so with established hotel developers sharing our passion for delivering consistent, guest-centric experiences will help propel continued growth and success.”
U.S. Surge
Driving Wingate’s latest growth spurt in the U.S. is a newly-signed franchise agreement with State Bank of Texas for 10 hotels across the Midwest and Northeast; the addition of an 80-room hotel in Moses Lake, Wash.; and the opening of the newly constructed, 123-room Wingate by Wyndham Nashville Airport, the brand’s first location in Nashville, which is consistently named as one of the top places to visit. Located three miles from Nashville International Airport and 10 miles from downtown, the hotel puts travelers close to where they need to be. Features include 123 modern, spacious guest rooms; the brand’s signature comfortable communal lobby space; free Wi-Fi and daily breakfast; laundry services; and two meeting rooms.
The hotel reflects the brand’s design-driven prototype, created to meet travelers’ needs without skimping on services and amenities while also lowering development costs and capturing greater efficiencies for hotel owners. This is the first of four Wingate hotels owned by Corinthian Development Company to open in the U.S., with locations under construction and set to open in the next year in Seattle, Wash.; San Jose, Cali.; and Denver, Colo. The brand plans to add a newly built location in Long Island City, N.Y., in 2019.
Debuting in China
Wingate by Wyndham Sanya Luhuitou, located in the heart of China’s tropical island getaway in Hainan Province, is the brand’s first hotel in China and the Asia Pacific region. With its temperate climate, the expansion of international flights, and greater visa-free access for tourists arriving to Hainan from more than 50 countries, tourism and demand in Sanya is on the rise making it a prime market for hotel development.
Designed for vacationers reveling in China’s popular seaside destination, the newly constructed modern oasis features three outdoor pools, multiple bars and restaurants, a kids club with indoor and outdoor play areas, an extensive art collection, free Wi-Fi, and a 24/7 shuttle to nearby Dadonghai Beach. The resort’s 190 contemporarily-designed guest rooms and suites come complete with sitting areas, spacious bathrooms, and balconies with stunning mountain, garden, or harbor views.
Wyndham plans to expand the Wingate brand further in China, with a 345-room hotel in Xining set to open in 2020.
British Columbia Bound
The addition of the brand’s latest Canadian destination – the 83-room Wingate by Wyndham Kamloops – marks the brand’s debut in British Columbia and widens its current footprint in the country to eight hotels.
Located off the Trans-Canada Highway near the North and South Thompson Rivers, the hotel puts guests in the heart of scenic Kamloops, which saw a record year of tourism growth in 2017 with nearly two million visitors. The newly constructed hotel features modern design and natural earth tones; free hot breakfast and Wi-Fi; a relaxing indoor pool and hot tub; a well-equipped fitness center; an on-site mart; and 750 square feet of meeting space.
Wyndham will continue adding to Wingate’s Canadian roster, having recently signed deals for two hotels in Lethbridge, Alberta, and Kanata, Ontario, expected to open in 2019 and 2020, respectively.
“Regardless of their reason for staying with us, Wingate’s top priority is delivering best-in-class service to each guest who walks through our doors and each hotel owner who raises the brand’s flag,” said Larry Hambro, vice president of operations, Wingate by Wyndham. “Satisfaction scores ranking it high above the competition year after year combined with consistent high performance and an efficient, modern prototype design, are driving forces behind Wingate’s current expansion momentum in North America.”
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of more than 792,000 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 approximately 58 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 Rewards Expands PGA TOUR Presence, Introduces New $10 Million Bonus Raising
the Stakes for Players Heading into the Wyndham Championship and FedExCup Playoffs.
Wyndham and PGA TOUR officials celebrate the unveiling of the Wyndham Rewards Top 10 at East Lake Golf Club in Atlanta, Ga. From left: Bobby Long, Chairman of the Piedmont-Triad Charitable Foundation; Eliot Hamlisch, Vice President and Leader of the Wyndham Rewards program; Jay Monahan, PGA TOUR Commissioner; Mark Brazil, Tournament Director of the Wyndham Championship; and Steve Holmes, Chairman of Wyndham Hotels & Resorts and Wyndham Destinations.
PARSIPPANY, N.J. (September 18, 2018) – Wyndham Rewards®—the world’s most generous guest rewards program spanning more than 25,000 hotels, club resorts, affiliated resorts and vacation rentals globally—today unveiled plans to expand its presence on the PGA TOUR with the introduction of the Wyndham Rewards Top 10.
A new $10 million bonus to be split among the PGA TOUR’s top 10 regular season finishers, the Wyndham Rewards Top 10 is designed to add a new layer of drama over the course of the regular season, which culminates with the Wyndham Championship, the final event before the FedExCup Playoffs.
While Wyndham has been a proud sponsor of the Wyndham Championship since 2007, this year marked the first year that Wyndham Rewards took the role of proud title sponsor following the split of Wyndham Worldwide into two separate public companies earlier this year: Wyndham Hotels & Resorts, the world’s largest hotel franchise company, and Wyndham Destinations, the world’s largest vacation ownership and exchange company and North America’s largest professionally managed rental business.
“The Wyndham Championship plays a pivotal role in the regular season as it’s the last chance players have to secure a spot in the FedExCup Playoffs,” said Eliot Hamlisch, vice president and leader of the Wyndham Rewards program. “In joining with the PGA TOUR to introduce the Wyndham Rewards Top 10, we’re not only elevating the significance of our own tournament, but also placing a premium on great golf all season long. What’s more, as the world’s most generous rewards program, we couldn’t think of a more fitting way to recognize the PGA TOUR’s best of the best than by saying, ‘You’ve earned this.’”
The Wyndham Rewards Top 10 leader will earn a prize of $2 million, followed by $1.5 million for the runner-up, with decreasing amounts based on position from there. The 10th place finisher will receive $500,000. News of the Wyndham Rewards Top 10 was shared at a PGA TOUR press event earlier today, as the organization kicks off the finale of the FedExCup Playoffs at East Lake Golf Club in Atlanta, Ga. The announcement was complemented with the introduction of a simplified, strokes-based scoring system for the TOUR Championship beginning next season, and the doubling of the total FedExCup bonus pool available to players, which now totals $70 million, inclusive of the prize money from the Wyndham Rewards Top 10.
About Wyndham Rewards Consistently named a best travel rewards program by U.S. News and World Report, Wyndham Rewards® is the world’s most generous loyalty program offering members a simple earning structure of a guaranteed 1,000 points for every qualified stay, along with a flat, free night redemption rate of just 15,000 points per room per night – the first of its kind for a major rewards program. Wyndham Rewards members can enjoy the benefits of the program at more than 8,000 Wyndham Hotels & Resorts (NYSE: WH) properties, as well as tens of thousands of vacation club resorts, affiliated resorts and vacation rentals worldwide in partnership with Wyndham Destinations (NYSE: WYND). Join for free today at www.wyndhamrewards.com. You’ve earned this.®
About the Wyndham Championship Contested annually on the Donald Ross-designed course at Sedgefield Country Club in Greensboro, N.C., the Wyndham Championship was founded in 1938 and is the sixth-oldest event on the PGA TOUR excluding the Majors. The tournament thanks title sponsor Wyndham Rewards and presenting sponsor BB&T for their continued support. Additional tournament information is available at www.wyndhamchampionship.com and the tournament’s social media channels, including the Wyndham Championship Facebook page, Twitter and Instagram.
GREENSBORO, N.C. (August 13, 2018) – Wyndham Rewards®—the world’s most generous guest rewards program spanning more than 25,000 hotels, club resorts, condos and vacation rentals—today checked-in to Sedgefield Country Club in Greensboro, N.C., as it prepares to welcome tens of thousands of spectators to a vacation-themed week of fun, sun and giving back at the 79th annual Wyndham Championship.
Considered one of the most fan-friendly stops on the PGA TOUR, this year’s Wyndham Championship invites fans to escape for a tournament experience unlike any other. More than just championship golf, the Wyndham Championship is an escape from the everyday as fans and families are transported to a tropical oasis and invited to help raise funds for multiple local charities. From rock climbing and face painting with the kids to sipping drinks at Margaritaville and relaxing on a private beach, the tournament is a showcase of the best that Wyndham has to offer. Plus, every fan has the chance to experience “Key to Wyn,” where one swipe of a key card could unlock the door to any of thousands of prizes, from flat-screen TVs and coffee makers, to free nights at Wyndham Rewards destinations around the globe.
Two Distinct Travel Portfolios, One Amazing Rewards Program
While Wyndham has been the proud sponsor of the tournament since 2007, this marks the first year that Wyndham Rewards has assumed the role of title sponsor following the split of Wyndham Worldwide into two separate public companies earlier this year: Wyndham Hotels & Resorts, the world’s largest hotel franchise company, and Wyndham Destinations, the world’s largest vacation ownership and exchange company and North America’s largest professionally managed rental business. As both companies begin this exciting new chapter, they remain connected by a shared history and by Wyndham Rewards, the award-winning guest rewards program spanning both companies’ travel portfolios.
“Throughout the world, Wyndham Rewards has become known for its unmatched generosity and for championing the everyday traveler,” said Eliot Hamlisch, leader of the Wyndham Rewards program. “Those values stay top of mind here at Sedgefield, where we’re delighted to not only share with fans a one-of-a-kind tournament experience, but join them in giving back to this amazing community that helps make the Wyndham Championship possible year after year. To them, we say—You’ve Earned This!”
Wyndham Championship Fore! Good
Creating a positive impact in the community has always been a central focus of the Wyndham Championship, and Wyndham Championship Fore! Good is the signature philanthropic platform that enables the tournament to give back to those in the Piedmont Triad. Whether inspiring the next generation through education, supporting community development, or helping preserve our natural resources, the Wyndham Championship’s local impact is “Fore! Good.”
This year, Wyndham will host a silent auction featuring exciting items and once-in-a-lifetime experiences with net proceeds benefiting a host of local and regional Wyndham Championship Fore! Good charitable partners, including Birdies Fore Backpacks, The First Tee of the Triad, The Paul Tesori Foundation, The Kevin Harvick Foundation and The American Junior Golf Association, among others. Items up for auction include a total of 12 vacation packages to exciting destinations like Wyndham Kona Hawaiian Resort in Hawaii, Wyndham Grand Clearwater Beach in Clearwater, Fla. and Dolce Silverado Resort and Spa in Napa, Calif. as well as exciting experiences with Caesars Entertainment and Roush Fenway Racing.
Other philanthropic efforts associated with the tournament include:
Youth and Education – Through “Birdies Fore Backpacks,” Wyndham Rewards works with local organizations—Backpack Beginnings, Forsyth Backpacks, Out of the Garden Project and United Way of Greater High Point—to help feed children from low income families around the Piedmont Triad. Backpacks are packed with nutritionally sound meals, which families take home every weekend. Since its creation in 2014, the program has provided more than 430,000 meals to thousands of local families.
Community Development – In partnership with Habitat for Humanity of Greater Greensboro, Wyndham Rewards will, for a third consecutive year, donate the housing structure from its popular “Key to Wyn” attraction at the tournament to a deserving local family. Following the tournament, the structure will be disassembled, moved to its new location and rebuilt into a safe, affordable home for a local Greensboro family.
Environmental Sustainability – Highlighting its commitment to preserving our natural resources, Wyndham Rewards is proud to partner with the Sedgefield Country Club as the home of the Wyndham Championship. Under the management of McConnell Golf, the historic course has taken significant steps in recent years to save energy and improve its sustainability efforts, including upgraded, energy efficient lighting and new, water efficient fixtures. In addition, Sedgefield Country Club is applying for the Audubon education and certification program to protect the valuable, natural areas and wildlife habitats that golf courses provide while improving efficiencies and minimizing the impact of golf course operations.
Wyndham Rewards and the Wyndham family of brands remain committed to the Wyndham Championship through 2026. To learn more, or to book tickets, visit www.wyndhamchampionship.com.
About Wyndham Rewards
Named a best travel rewards program for the past four consecutive years by U.S. News and World Report, Wyndham Rewards® is the world’s most generous loyalty program offering members a simple earning structure of a guaranteed 1,000 points for every qualified stay, along with a flat, free night redemption rate of just 15,000 points per room per night – the first of its kind for a major rewards program. Wyndham Rewards members can enjoy the benefits of the program at nearly 9,000 Wyndham Hotels & Resorts properties, as well as thousands of homes and condos in partnership with Wyndham Destinations. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
About the Wyndham Championship
Contested annually on the Donald Ross-designed course at Sedgefield Country Club in Greensboro, N.C., the Wyndham Championship was founded in 1938 and is the sixth-oldest event on the PGA TOUR excluding the Majors. Tickets are available at http://www.wyndhamchampionship.comor through the tournament office at (336) 379-1570. The tournament thanks title sponsor Wyndham Rewards, presenting sponsor BB&T and Premier Partners, Cadillac, Harris Teeter, Lincoln Financial, McConnell Golf, Sunbrella® and VF Corporation for their continued support. Additional tournament information and sponsorship information are available at www.wyndhamchampionship.com. Stay connected with the Wyndham Championship through its social media channels, including the Wyndham Championship Facebook page, Twitter, and Instagram.
Media Contacts:
Rob Goodman
Wyndham Championship Director of Media Relations
(336) 299-4321 [email protected]
Rob Myers
Sr. Director, Global Communications, Wyndham Hotels & Resorts
(973) 753-6590 [email protected]
PARSIPPANY, N.J., August 1, 2018 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2018, which included its spin-off as an independent public company and the acquisition of La Quinta, adding over 900 hotels and nearly 89,000 rooms to its franchise system. Highlights include:
Revenues increased 31% compared with second quarter 2017, to $435 million.
Net income was $21 million for the second quarter; adjusted net income was $73 million, a 43% increase over the prior-year quarter.
Diluted earnings per share were $0.21 and adjusted diluted EPS were $0.73.
Further Adjusted diluted EPS (calculated as if our spin-off and our acquisition and integration of La Quinta had occurred on January 1) were $0.86, above our projection of $0.79 to $0.84.
Adjusted EBITDA increased 19% compared with the prior-year quarter, to $125 million.
Further Adjusted EBITDA was $159 million, consistent with our projection of $150 to $160 million.
Global RevPAR increased 9% year-over-year and 4% in constant currency and excluding our 2018 acquisitions and divestitures.
System-wide rooms grew 12% year-over-year, and 3% excluding our 2018 acquisitions and divestitures.
“Our team’s sharp focus on executing against our strategic and operating plans allowed us to deliver solid growth, in line with our prior projections, in our initial quarter as an independent public company,” said Geoffrey A. Ballotti, chief executive officer. “We also continued to strengthen our presence in the midscale hotel segment with the addition of the La Quinta brand and its over 900 hotels in May.”
Revenues were $435 million, compared with $331 million in the second quarter of 2017. Results reflect $77 million of incremental revenues from La Quinta. Excluding the impact from the acquisition of La Quinta, revenues increased 8% primarily due to 8% higher royalties and franchise fees, as well as a 17% increase in marketing, reservation and loyalty fees that in 2018 included global franchisee conference revenues that were fully offset by conference-related expenses.
Net income was $21 million compared with $48 million for the second quarter of 2017, reflecting separation-related and transaction-related costs incurred this year. Diluted EPS was $0.21.
Adjusted net income was $73 million, or $0.73 per diluted share, compared with $51 million in the second quarter of 2017. Second quarter earnings benefited from our revenue growth and lower taxes, partially offset by the timing of marketing expenses and higher interest expense. Full reconciliations of GAAP results to our non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
Second quarter adjusted EBITDA was $125 million, compared with $105 million in the second quarter of 2017. Results primarily reflect the growth in revenues and $12 million of adjusted EBITDA from the La Quinta acquisition, partially offset by the timing of marketing expenses.
The Company estimates that, if it had completed its spin-off and had acquired and fully integrated La Quinta prior to April, its Further Adjusted EBITDA in the second quarter would have been $159 million, and its Further Adjusted diluted earnings per share would have been $0.86. See Tables 5 and 6 for additional information.
As of June 30, 2018, the Company’s hotel system consisted of nearly 9,000 properties and more than 792,000 rooms, a 12% increase compared with the second quarter of 2017. Room count is up 3% year-over-year excluding our 2018 acquisitions and divestitures. Our development pipeline increased to nearly 1,400 hotels and over 171,000 rooms, a 13% year-over-year room increase, reflecting the addition of 24,000 La Quinta pipeline rooms and the removal of 2,000 Knights Inn pipeline rooms. Approximately 51% of our pipeline is international and 70% is new construction.
Business Segment Discussion
The following discussion of second quarter operating results focuses on revenue and Adjusted EBITDA for each of our segments.
Hotel Franchising
Revenues increased 24% compared to second quarter 2017, including $26 million of incremental revenues from La Quinta. Excluding the impact of the acquisition of La Quinta and the divestiture of Knights Inn, revenues increased 13% primarily due to 9% higher royalties and franchise fees, as well as a 17% increase in marketing, reservation and loyalty fees that included global franchisee conference revenues. The 9% growth in royalties and franchise fees reflected our 3% room growth and 5% RevPAR growth, excluding 2018 acquisitions and divestitures. Adjusted EBITDA grew 16% to $129 million, including $9 million of incremental Adjusted EBITDA from La Quinta. Excluding the impact from the acquisition of La Quinta, Adjusted EBITDA grew 8% reflecting the growth in royalties and franchise fee revenues, partially offset by a $3 million timing-related increase in marketing expenses compared to marketing fund revenues.
Hotel Management
Revenues increased 49% compared to the prior-year period, reflecting $51 million of incremental revenues from La Quinta (including $46 million of cost-reimbursement revenues). Excluding the impact from the acquisition of La Quinta, revenues declined $3 million reflecting lower cost-reimbursement revenues and lower owned-hotel revenues. Adjusted EBITDA increased by $4 million compared to the prior-year quarter, reflecting $3 million of Adjusted EBITDA from La Quinta.
Other Items
Acquisition of La Quinta – The Company completed the acquisition of La Quinta on May 30, 2018, adding over 900 franchised properties with nearly 89,000 rooms to the Company’s midscale hotel system. The aggregate purchase price was approximately $2 billion, including $240 million of taxes and other items, which we are obligated to pay on behalf of La Quinta Holdings Inc. during the third quarter of 2018. The Company continues to expect to generate $55 million to $70 million in annual synergies in connection with this transaction.
Divestiture of Knights Inn – The Company in May 2018 completed the sale of its Knights Inn brand, consisting of approximately 350 franchised hotels with approximately 21,000 rooms. Knights Inn’s typical franchise agreements were much shorter, and its average U.S. RevPAR was much lower, than the Company’s other brands.
Spin-off from Former Parent Company – On May 31, 2018, the Company completed its spin-off from Wyndham Worldwide through the tax-free distribution of the Company’s stock to shareholders of Wyndham Worldwide Corporation. The Company’s stock began regular-way trading on the New York Stock Exchange under the symbol “WH” on June 1, 2018.
Share Repurchases – Following the completion of the spin-off, the Company repurchased approximately 246,000 shares of its common stock for $15 million in the second quarter.
Outlook
The Company provided the following outlook, which assumes that its spin-off and the acquisition and integration of La Quinta had all been completed on January 1, 2018, for full-year 2018:
Further Adjusted revenues of $1.99 billion to $2.04 billion.
Further Adjusted net income of $300 million to $320 million.
Further Adjusted EBITDA of $590 million to $610 million.
Further Adjusted diluted EPS of $2.98 to $3.18, based on a Further Adjusted diluted share count of 100.6 million, which excludes future share repurchases.
Rooms growth of 11% to 13%, or 2% to 4% excluding our 2018 acquisitions and divestitures.
Constant-currency RevPAR growth of 7% to 8%, or approximately 3% excluding our 2018 acquisitions and divestitures.
More detailed projections are available in Table 6 of this press release. In determining adjusted net income, adjusted EBITDA and adjusted EPS, the Company excludes certain items which are otherwise included in determining the comparable GAAP financial measures, as described in Table 5 of this press release. The Company is providing an outlook for net income, EBITDA and EPS only on a non-GAAP basis because it is unable to predict with reasonable certainty the occurrence or amount of these adjustments or other potential adjustments that may arise in the future.
Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Wednesday, August 1, 2018 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 877 876-9176 and providing the passcode “WYNDHAM”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on August 1, 2018. A telephone replay will be available for approximately ten days beginning at noon ET on August 1, 2018 at 800 695-1624.
Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of the press release.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with nearly 9,000 hotels across more than 80 countries on six continents. Through its network of more than 792,000 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 approximately 58 million enrolled members the opportunity to redeem points at thousands of hotels, condominiums and holiday homes globally. For more information, visit www.wyndhamhotels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “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 Hotels 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 the Company’s revenues, earnings, cash flow and other financial and operating measures.
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 without limitation general economic conditions, the performance of the financial and credit markets, the economic environment for the hospitality industry, the impact of war, terrorist activity or political strife, operating risks associated with the hotel business, risks related to our spin-off as a newly independent company, uncertainties related to Wyndham Hotels’ ability to obtain financing or the terms of such financing, unanticipated developments related to the impact of the spin-off on our relationships with our customers, suppliers, employees and others with whom we have relationships, unanticipated developments resulting from possible disruption to our operations resulting from the spin-off, risks related to our acquisition of the La Quinta hotel franchising and hotel management business, including our ability to achieve expected benefits associated with the transaction, as well as those other risks and uncertainties described in the section titled “Risk Factors” and elsewhere in Wyndham Hotels’ Registration Statement on Form 10, in this press release and in Wyndham Hotels’ other filings with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
CONTACTS
Investors:
Matt Capuzzi
Vice President, Investor Relations
973 753-6453 [email protected]
Media:
Nadeen N. Ayala
Senior Vice President, Global Communications
973 753-8054 [email protected]
For additional financial information, please visit our Investor site:
PARSIPPANY, N.J., July 5, 2018 – Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report second quarter 2018 results on Wednesday, August 1, 2018. Geoff Ballotti, President and Chief Executive Officer, and David Wyshner, Chief Financial Officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877-876-9176 and providing the passcode “WYNDHAM”. Listeners are urged to call at least ten minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on August 1, 2018. A telephone replay will be available for approximately ten days beginning at noon ET on August 1, 2018 at 800-695-1624.
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.
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.
WYNDHAM HOTELS & RESORTS DEBUTS AS INDEPENDENT PUBLIC COMPANY
Completes Spin-Off from Wyndham Worldwide
PARSIPPANY, N.J., June 1, 2018 — Wyndham Hotels & Resorts, Inc. (NYSE: WH) today announced the completion of its spin-off from Wyndham Worldwide Corporation, which has been renamed Wyndham Destinations, Inc. (NYSE: WYND).Wyndham Hotels & Resorts is the world’s largest hotel franchisor and a leading provider of hotel management services, with a portfolio of 20 well-recognized lodging brands and nearly 9,000 franchised hotels in more than 80 countries.
“We’re thrilled to begin a new era in which we will continue to build upon our powerful asset-light and fee-based business model that is driven by an exceptional portfolio of market-leading economy and midscale brands,” said Geoff Ballotti, chief executive officer of Wyndham Hotels & Resorts. “As the world’s largest hotel franchisor with a proven ability to create value through acquisitions and organic growth, we will focus on strengthening our industry-leading loyalty and technology platforms to drive more direct distribution to our owners and franchisees at a lower cost, while serving everyday travelers exceptionally well.”
As previously announced, Wyndham Worldwide common stockholders received one share of Wyndham Hotels & Resorts common stock for each share of Wyndham Worldwide common stock held on May 18, 2018, the record date.Following the spin-off, Wyndham Hotels & Resorts has approximately 100 million shares outstanding.
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.
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 Hotels & Resorts 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 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 Hotels & Resorts’ current views and expectations with respect to Wyndham Hotels & Resorts’ future performance and operations. 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 without limitation general economic conditions, the performance of the financial and credit markets, Wyndham Hotels & Resorts’ ability to obtain financing, Wyndham Hotels & Resorts’ post-closing credit obligations as result of the sale of Wyndham Worldwide’s European vacation rentals business, the economic environment for the hospitality industry, the impact of war, terrorist activity or political strife, operating risks associated with the hotel business, unanticipated developments related to the impact of the spin-off on Wyndham Hotels & Resorts’ relationships with its customers, suppliers, employees and others with whom it has relationships, uncertainties related to Wyndham Hotels & Resorts’ ability to realize the anticipated benefits of the La Quinta acquisition, uncertainties related to Wyndham Hotels & Resorts’ ability to realize the anticipated benefits of the spin-off, as well as those factors described in Wyndham Hotels & Resorts’ Registration Statement on Form 10, filed with the SEC on March 19, 2018, as amended, and in Wyndham Hotels & Resorts’ subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Wyndham Hotels & Resorts undertakes no obligation to publicly update or revise any forward-looking statements, subsequent events or otherwise.
CONTACTS
Investors:
Matt Capuzzi
Vice President, Investor Relations
973 753-6453 [email protected]
Media:
Nadeen N. Ayala
Senior Vice President, Global Communications
973 753-8054 [email protected]
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