PARSIPPANY, N.J., April 26, 2022 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2022. Highlights include:
Global RevPAR grew 39% compared to first quarter 2021 in constant currency.
System-wide rooms grew 200 basis points year-over-year, including 120 basis points of growth in the U.S. and 330 basis points of growth internationally.
Diluted earnings per share of $1.14 compared to $0.26 in the first quarter 2021; adjusted diluted earnings per share increased to $0.95 compared to $0.36 in first quarter 2021.
Net income of $106 million compared to $24 million in first quarter 2021; adjusted net income of $88 million compared to $33 million in first quarter 2021.
Adjusted EBITDA of $159 million compared to $97 million in first quarter 2021.
Net cash provided by operating activities of $135 million compared to $64 million in first quarter 2021; free cash flow of $125 million compared to $59 million in first quarter 2021.
Completed the exit of its select-service management business.
Completed the sale of the Wyndham Grand Bonnet Creek Resort; the Wyndham Grand Rio Mar Resort is under contract and expected to close in May 2022.
Returned $68 million to shareholders through $38 million of share repurchases and a quarterly cash dividend of $0.32 per share.
“Our exemplary first quarter results demonstrate the power of our brands and the value we are driving to our owners, guests, and shareholders,” said Geoffrey A. Ballotti, president and chief executive officer. “Strong leisure and everyday business travel demand drove RevPAR 4% above 2019 levels domestically and we continued to simplify our operations by exiting our select-service management business and selling one of our two owned assets. Our development pipeline increased 9% to a record 204,000 rooms, including the first 50 deals for our new extended-stay product, and our room openings grew 50% more than last year, putting us solidly on track with our full year net-room growth guidance.”
Fee-related and other revenues increased 36% year-over-year to $316 million primarily reflecting strong ADR growth in the U.S.
The Company generated net income of $106 million, or $1.14 per diluted share, an increase of $82 million, or $0.88 per diluted share, reflecting higher adjusted EBITDA, a gain on the sale of the Wyndham Grand Bonnet Creek Resort and lower net interest expense. Adjusted EBITDA increased $62 million, or 64%, versus 2021 to $159 million reflecting higher revenue and a favorable timing benefit from the marketing fund, partially offset by higher variable expenses at the Company’s owned hotels.
During the first quarter 2022, the Company’s marketing fund revenues exceeded expenses by $7 million; while in first quarter 2021, the Company’s marketing fund expenses exceeded revenues by $7 million.
Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
System Size
The Company’s global system grew 200 basis points, reflecting 120 basis points of growth in the U.S. and 330 basis points of growth internationally. As expected, these increases included strong growth in both the higher RevPAR midscale and above segments in the U.S. and the direct franchising business in China, which grew 6% and 12%, respectively. The Company remains solidly on track with its goal of achieving a retention rate above 95% and its net room growth outlook of 2 to 4% for the full year 2022.
RevPAR
First quarter RevPAR grew 39% globally in constant currency, including 38% growth in the U.S. and 46% growth internationally. The increase is approximately two-thirds driven by stronger pricing power and one-third driven by higher occupancy levels.
Business Segment Discussion
Hotel Management revenues increased 5% year-over-year to $99 million, including a $16 million decrease in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues increased $21 million, or 91%, to $44 million primarily due to the global RevPAR increase and improved performance at the Company’s owned hotels. Hotel Management adjusted EBITDA increased $15 million year-over-year reflecting the revenue increases, partially offset by higher variable expenses at the Company’s owned hotels.Hotel Franchising revenues increased 30% year-over-year to $272 million primarily due to the global RevPAR increase. Hotel Franchising adjusted EBITDA increased 48% to $155 million reflecting the growth in revenues and a timing benefit from the marketing fund.
Development
The Company awarded 165 new contracts this quarter, including 50 new construction projects for the Company’s new extended-stay brand, compared to 112 in the first quarter 2021. On March 31, 2022, the Company’s global development pipeline consisted of approximately 1,600 hotels and approximately 204,000 rooms, of which approximately 80% is in the midscale and above segments (nearly 70% in the U.S.). The pipeline grew 9% year-over-year, including 12% domestically and 7% internationally. Approximately 63% of the Company’s development pipeline is international and 79% is new construction, of which approximately 35% has broken ground.
Exit of Select-Service Management Business
On March 3, 2022, the Company completed the exit of its select-service management business and received proceeds of $84 million from CorePoint Lodging (“CPLG”). The franchise agreements for these hotels remained in-place at their stated fee structure with CPLG’s buyer, Highgate Holdings, Inc. The proceeds received were offset on the Company’s income statement by the non-cash write-off of the remaining balance of the management contract intangible asset that was created upon the acquisition of La Quinta Holdings in 2018.
Sale of Owned Hotels
On March 24, 2022, the Company completed the sale of the Wyndham Grand Bonnet Creek Resort in Orlando for gross proceeds of approximately $121 million and recognized a $36 million gain on sale, which has been excluded from Adjusted EBITDA. The Company entered into a 20-year franchise agreement with the buyer.
The Company is under contract and expects to complete the sale of the Wyndham Grand Rio Mar Resort in Puerto Rico in May 2022. The Company expects to enter into a 20-year franchise agreement with the buyer in connection with the sale.
Balance Sheet and Liquidity
The Company generated $135 million of net cash provided by operating activities in the first quarter of 2022 and $125 million of free cash flow. The Company ended the quarter with a cash balance of $416 million, including $84 million of proceeds received in connection with the Company’s exit of its select-service management business and gross proceeds of approximately $121 million received in connection with its sale of the Wyndham Grand Bonnet Creek Resort. These inflows are reflected within the investing section of the Statement of Cash Flows and therefore not included in the Company’s free cash flow.
At March 31, 2022, the Company had approximately $1.2 billion in total liquidity and its net debt leverage ratio was 2.6 times, below the Company’s 3 to 4 times stated target range. Excluding the proceeds received in connection with the exit of its select-service management business and the sale of the Wyndham Grand Bonnet Creek Resort, which are expected to be redeployed, the net debt leverage ratio was 2.9 times.
In April 2022, the Company amended its $750 million revolving credit facility, extending the maturity from May 2023 to April 2027 on similar terms as the previous facility, and issued a new $400 million senior secured Term Loan A facility, which matures in April 2027. The proceeds from the Term Loan A were used to repay a portion of the Company’s existing Term Loan B facility, which is scheduled to mature in May 2025. There was no increase in rates from the Term Loan B to the new Term Loan A.
Share Repurchases and Dividends
During the first quarter of 2022, the Company repurchased approximately 455,100 shares of its common stock for $38 million at an average price of $83.72 per share.
The Company paid common stock dividends of $30 million, or $0.32 per share, in the first quarter of 2022.
Full-Year 2022 Outlook
The Company is updating its outlook as follows:
(a) Reflects the removal of post-sale revenues related to the Wyndham Grand Bonnet Creek and Wyndham Grand Rio Mar from prior projections.
(b) Reflects the removal from prior projections of depreciation related to the Wyndham Grand Bonnet Creek and Wyndham Grand Rio Mar.
(c) Represents the percentage of adjusted EBITDA that is expected to produce free cash flow.
More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.
Conference Call Information Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Wednesday, April 27, 2022 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 866 831-8713 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 beginning at noon ET on April 27, 2022. A telephone replay will be available for approximately ten days beginning at noon ET on April 27, 2022 at 800 839-4992.
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. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. 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 this press release.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents. Through its network of over 813,000 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 22 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 approximately 94 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.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to the Company’s current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends, restructuring charges and statements related to the coronavirus pandemic (“COVID-19”). Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” 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 the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 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 continuation or worsening of the effects from COVID-19, its scope, duration, resurgence and impact on the Company’s business operations, financial results, cash flows and liquidity, as well as the impact on the Company’s franchisees and property owners, guests and team members, the hospitality industry and overall demand for travel; the success of the Company’s mitigation efforts in response to COVID-19; the Company’s performance during the recovery from COVID-19 and any resurgence or mutations of the virus; various actions governments, businesses and individuals continue to take in response to the pandemic, including stay-in-place directives (including, for instance, quarantine and isolation guidelines and mandates), safety mitigation guidance, as well as the timing, availability and adoption rates of vaccinations, booster shots and other treatments for COVID-19; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising and management businesses; the Company’s relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife; risks related to restructuring or strategic initiatives; the Company’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company’s ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
PARSIPPANY, N.J. (April 11, 2022) – Do you have the “ulti-mutt” tips for navigating travel with a pup? To celebrate National Pet Day on April 11, Baymont® by Wyndham—the midscale hotel brand known for its “Hometown Hospitality” with more than 500 hotels across North America, nearly two-thirds of which are pet friendly—is launching a nationwide search for the best pup-friendly travel tips. In exchange, 10 pup parents will receive a free weekend hotel stay for two while their tips, and their pups, are featured in an upcoming travel planner helping first-time owners navigate the ins and outs of traveling with a pet.
According to a survey by the ASPCA, more than 23 million American households acquired a pet during the pandemic.[1] Now, many first-time pet owners are figuring out how to travel with their furry friends on their next vacation. Lucky for them, Baymont is here to help make their travel planning experience a little less “ruff.”
“When planning a trip, there are number of things to consider. Add a pet to the mix, especially for the first time, and it may feel a little overwhelming—but it doesn’t have to be,” said David Unger, brand leader and vice president of Operations, Baymont by Wyndham. “At Baymont, we want to make travel easy, especially when our furry friends are involved. It’s why we offer no-cost perks like dog treats and water bowls at our front desks. This initiative builds on those efforts, helping ensure our guests – the two or four-legged kind – have a great trip, even before they arrive.”
Amongst all the tips received, Baymont by Wyndham will select the 10 best and feature them in its upcoming pet-friendly travel planner, debuting later this year, alongside a corresponding photo of each winning pup. In exchange for their help, each proud pup’s parent(s) will receive two free nights at the Wyndham Rewards hotel of their choosing, along with a complimentary one-year upgrade to Wyndham Rewards Diamond membership which includes perks like free WiFi, early check-in, late checkout, suite upgrades, rental car upgrades and more.
Think you’ve got what it takes to lead the pack? Parents are invited to submit their best pup-friendly travel tip in 100 words or less, as well as two high-resolution photos of their pup—one headshot and one travel-themed photo—to [email protected]. Submissions will be accepted up until 11:59 PM ET on May 11, 2022. The winning candidates will be selected on or about June 7, 2022.
Baymont is committed to making travel easy for the entire family. Pet-friendly hotels, along with their policies, are easily searchable on www.BaymontInns.com while the brand’s Baymont Buddy program—available at more than 300 locations—lets guests request a complementary water bowl and dog treats upon arrival.
For more information about Baymont’s latest pup-centric program, including official rules, visit www.baymontinns.com/petfriendly.
About Baymont by Wyndham
Good, old-fashioned service never goes out of style, and it’s a stand-out staple at Baymont by Wyndham’s more than 500 midscale hotels throughout North America. Baymont’s signature “hometown hospitality,” which offers guest-centric comforts like friendly service with a smile, fresh chocolate chip cookies at check-in, and free breakfast at every Baymont Breakfast Corner,® is a driving force behind the brand’s ability to triple its system size since being acquired in 2006. Additionally, Wyndham Rewards’ overall share of occupancy for Baymont has grown to nearly one out of every two guests. For more information, visit www.baymontinns.com. Like us on Facebook and follow us on Twitter. For development opportunities, visit www.wyndhamdevelopment.com.
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 traveler, 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 approximately 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 92 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
Steady new-construction growth for the La Quinta brand continues with latest opening, set just minutes from the Santa Cruz Beach and Boardwalk in California
SANTA CRUZ, Calif. (March 29, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announces the opening of La Quinta Inn & Suites Santa Cruz in Calif. This opening marks the latest addition to the La Quinta portfolio, which includes more than 920 hotels. There are approximately 180 hotels in the La Quinta development pipeline, with additional openings scheduled this year in key U.S. markets such as Austin, Denver and San Jose.
This custom designed, new construction La Quinta hotel features 60 guestrooms and suites and is centrally located equal distance from the renowned Santa Cruz beach and boardwalk, as well as the restaurants and shops of downtown Sant Cruz. Hotel guests can enjoy stunning ocean views from their rooms and unwind in the hotel’s outdoor pool or relax on the terrace deck. Located along Highway 1 between San Francisco and Monterey, Santa Cruz features more than 14 state parks and beaches, offering world-class surfing, biking, and hiking.
“This opening marks a milestone moment for my family,” said Kiran Patel, owner of La Quinta Santa Cruz. “My father bought an older hotel on this property back in the 1970s, and now we’re thrilled to partner with Wyndham to unveil a beautiful new construction hotel to welcome guests to soak in the California sunshine in this very special destination.”
La Quinta by Wyndham is a leading hospitality brand that provides comfortable guestrooms, contemporary design, thoughtful amenities, and its signature Here for You® service. Guests can keep connected with free WiFi and a business center, sneak in a workout at the gym, indulge in a free Bright Side Breakfast®, and enjoy the convenience of mini-refrigerators, microwaves, coffee/tea makers, and more in their rooms.
“We’re seeing great momentum in new construction and incredible interest in the La Quinta brand from developers like Mr. Patel,” said Krishna Paliwal, Wyndham’s president of La Quinta and head of architecture, design, and construction. “Business and leisure travelers visiting beautiful Santa Cruz now have an exciting new option for a comfortable stay near the coastline.”
About La Quinta With over 920 destinations around the world, the upper-midscale La Quinta by Wyndham brand is a bright spot in every travelers’ journey. The brand offers thoughtful amenities, friendly service and consistently delivers an exceptional guest experience that keeps travelers waking up on the bright side. For more information, visit http://www.lq.com/. Like and follow LQ on Facebookand YouTube.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. Through its network of over 810,000 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 22 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 92 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.
Economy leader unveils developer-driven prototype prioritizing owner return on investment and operating efficiencies
PARSIPPANY, N.J. (March 22, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today unveiled new details about its upcoming economy extended-stay hotel brand. Among them, newly awarded contracts to develop 50 new construction projects with its first two partners: Richmond, Va.-based Sandpiper Hospitality and Dallas-based Gulf Coast Hotel Management.
Operating under the working title “Project ECHO”—an acronym for Economy Hotel Opportunity—the all new-construction brand fills whitespace within the larger Wyndham Hotels & Resorts portfolio while strategically expanding the company into a segment that has seen record growth and resiliency, not just amid the pandemic but throughout the last lodging cycle. Wyndham has been developing the brand since summer 2021.
“Over the last two years, economy extended-stay hotels outperformed all other segments, and in 2021, set new records for occupancy, ADR and RevPAR,” said Geoff Ballotti, president and chief executive officer, Wyndham Hotels & Resorts. “Demand for these accommodations only continues to climb—both from guests and developers alike—making now the right time for Wyndham, the definitive leader in the economy segment, to bring our experience and expertise to this high-potential space.”
Economy extended-stay hotels are proven to consistently perform throughout all stages of the lodging cycle and are particularly resilient amid a downturn. During the global pandemic, U.S. RevPAR for the segment grew 8% versus 2019 while the rest of the industry declined 17%. Further, in 2021, the average U.S. occupancy for economy extended-stay hotels was over 78% — 20 points higher than all other U.S. segments combined.
A Developer-Driven Approach Project ECHO was created with the help of a seven-member development council, which consists of some of the largest and most experienced owners and operators currently in the economy extended-stay segment. The council’s insights are being paired with the experience and expertise of Wyndham’s in-house design and construction team. In recent years, the team has spearheaded the creation of La Quinta by Wyndham’s highly successful Del Sol prototype, currently at over 130 hotels with another 56 in its pipeline; and more recently, Microtel by Wyndham’s Moda prototype, which has another 40 hotels under development. At a time when rising construction costs are driving the need for ultra-efficiency, all three prototypes prioritize owner return on investment with an emphasis on value engineering and streamlined operations, helping optimize operating margins on a recurring basis.
“Wyndham not only understands its owners and developers but listens to and acts on their needs” said Carter Rise, chairman and chief executive officer, Sandpiper Lodging Trust. “That commitment, paired with best-in-class design and a deep, fundamental understanding of the economy guest, is a differentiator in our industry and is ultimately why we chose to partner with Wyndham.”
The purpose-built, 124-room Project ECHO prototype requires just under two acres of land, has a highly competitive cost per key, and features multiple characteristics that intentionally separate it from traditional economy brands. Coming in at just over 50,000 square-feet—nearly 74% of which is rentable—individual rooms average 300 square-feet and consist of single and two-queen studio suites with in-suite kitchenettes while efficiently-designed public spaces—a lobby, fitness center and guest laundry—help to limit labor needs.
“From day one, Wyndham has made a point of reaching out and asking, ‘What should be done differently?’ It wasn’t about dictating to us what the brand would be but rather, wanting to understand its potential and how our experience and expertise could best help developers meet their goals,” said Ian McClure, chief executive officer, Gulf Coast Hotel Management. “For us, that went a long way. It showed they’re committed to getting this brand right.”
Strategic Growth via Multi-Unit Operators With 50 hotels already in the initial pipeline—25 each from Sandpiper and Gulf Coast over the next five years—Wyndham is now eyeing additional growth opportunities. The brand expects to open its first hotel in 2023 and is actively talking to additional, multi-unit operators with experience in the segment, a key part of the brand’s growth strategy.
Wyndham intends to be thoughtful with early development partners, prioritizing brand integrity while building a robust multi-year pipeline. To assist qualified developers, the Company has identified possible development markets across the U.S. and will make available various incentives to select early developers. Wyndham is targeting at least 300 hotels over the next ten years in the U.S. with potential for additional growth internationally.
Industry-Leading Support, Experienced Extended-Stay Leadership Recognizing the immense importance of early franchisee success and the unique business model of economy extended-stay, Wyndham has assembled a dedicated leadership and operations support team around Project ECHO, one deeply rooted in experience with extended-stay brands.
Led by Vice President of Operations Dan Leh, a hospitality industry veteran with more than 25 years of extended-stay experience, the team brings extensive expertise across all facets of extended-stay operations, including but not limited to, design and construction, pre-opening operations, sales, revenue management, labor management, owner relations and more. Their efforts are complemented by dedicated Project ECHO sales teams, both at the local and national level, who will focus exclusively on matching hotels with Wyndham’s robust and expanding list of long-term guests across small, mid-size and Fortune 500 businesses.
On a broader scale, Project ECHO enables Wyndham to now offer guests and developers a portfolio of extended-stay offerings. Hawthorn Suites by Wyndham, the Company’s existing midscale extended-stay brand, is a pivotal part of the Company’s new dual-brand concept with La Quinta by Wyndham, which continues to see robust interest from developers with 36 hotels currently under development—two of which are being developed by Trusha Patel, inaugural member of Wyndham’s Women Own the Room program.
Additional details around Project ECHO—including the brand’s official name—are slated to be announced when the brand formally launches later this year. For more information, including development opportunities, visit www.projectecho.wyndhamhotels.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. Through its network of over 810,000 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 92 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.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels and similar statements concerning possible future results or performance. You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future results or performance, speak only as of the date of this press release and are subject to numerous risks and uncertainties, including the risks described in Wyndham Hotels and Resorts most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements. Except as required by law, Wyndham Hotels and Resorts undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Innovative Program Helps Advance and Empower Women Entrepreneurs Through Hotel Ownership
PARSIPPANY, N.J., March 8, 2022 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today the addition of two new women hoteliers as part of the brand’s “Women Own the Room” initiative, on the heels of last month’s first two signed agreements. Designed to advance and empower women entrepreneurs to break through the predominantly male-dominated hotel industry, the “Women Own the Room” program provides assistance with financial solutions, personalized operational support, and networking and educational opportunities. These impressive new program members will be opening new hotels in Dover, Del and Warrenton, Va.
“Women want to own and develop hotels – the momentum we’re seeing proves it – they’ve just lacked trusted partners and advocates who will help guide them in their pursuits,” said Lisa Checchio, Chief Marketing Officer, Wyndham Hotels & Resorts. “The mentorship opportunities and resources Women Own the Room provides are invaluable and will better inspire and prepare future generations of women hoteliers.”
Wyndham celebrated its first “Women Own the Room” signed agreements with new owner Trusha Patel in January 2022 for the debut of two new La Quinta and Hawthorn Suites dual-branded hotels in Texas. The two new women entrepreneurs announced as members are:
Hetal Christian, just opened a Wyndham Garden hotel in Dover, Del. Christian looks forward to the expanded development and operational support the program provides as she expands her portfolio into the profitable upper midscale segment.
Neha Jadhav, will open a La Quinta and Hawthorn Suites dual-branded hotel in Warrenton, Va. This new hotel will be her first new construction project.
While the tourism and hospitality industry workforce is comprised of 70% women, only 10% of development roles are held by them. “Women Own the Room” helps to clear the path for women eager to make their mark on the hospitality industry and aims to amend the lack of female representation in hotel ownership, real estate, and investment funding roles. With Wyndham’s longstanding commitment to diversity, equity, and inclusion – including gender diversity, women’s economic empowerment and advancing women entrepreneurs – this program is a natural progression of the hotel brand’s efforts to create a level playing field within the hospitality industry.
In addition to extensive mentorship and networking opportunities, the program offers a development incentive program that provides meaningful Wyndham financing, discounts on initial fees and complimentary first-year operating services to support the success of hotels developed by women.
“There are so many paths available to take in hospitality. A new construction project provides me with new challenges, but also new barriers that Women Own the Room is helping me break through,” said Neha Jadhav. “Wyndham has helped me navigate this new territory, provided me with the necessary tools for future success, and given me the opportunity to share my experiences with other women hoteliers. I’m proud to help pave the way for others and look forward to supporting more women pursue their dream of hotel ownership.”
To get involved and stay up-to-date on the Women Own the Room’s upcoming events, visit www.womenowntheroombywyndham.com. Developers interested in collaborating with Wyndham can visit Wyndhamdevelopment.com or contact the Wyndham Franchise Development team by email at [email protected].
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. Through its network of over 810,000 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 92 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.
Kicking off today, Wyndham Rewards members can unlock weekly surprise offers during “Member Month,” including hotel discounts, bonus point offers and more.
PARSIPPANY, N.J. – (March 2, 2022) – Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals, today announced the return of “Member Month,” a month-long celebration of Wyndham Rewards members featuring five weeks of exciting deals and discounts, available exclusively to members.
Every Wednesday throughout the month of March, Wyndham Rewards members can unlock a new surprise offer. Whether embarking on a bucket-list adventure or staying closer to home, Member Month rewards every type of traveler – with offers ranging from a mix of stay-based and at-home discounts, bonus point promotions and more. These weekly offers are available to all members globally—even those who enroll during the window of the promotion—and are stackable with other offers throughout the month.
“Member Month is all about celebrating and rewarding our Wyndham Rewards members,” said Lisa Checchio, chief marketing officer, Wyndham Hotels & Resorts. “Last year, we handed out more than 600 million points alongside some of our richest offers; this year, we’re looking to top that number with five weeks of exclusive deals. It’s our way of saying thank you to all those members who, year-in and year-out, have helped make our program number one.”
The first Member Month offer drops today with a 40% bonus on purchased points before April 3, 2022 (Minimum point purchase required). Members can purchase up to 45,000 points per year at www.wyndhamrewards.com or via Wyndham’s mobile app, available for iOS and Android.
The latest Member Month offers, including terms and conditions on each offer are available for members at www.wyndhamrewards.com/membermonth. New deals launch every Wednesday in March and there is no limit to the number of deals members can take advantage of during the promotion.
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 traveler, 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 approximately 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 92 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
Wyndham among top U.S. companies recognized for employee satisfaction
PARSIPPANY, N.J., (February 15, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announced it has been named to Forbes’ list of America’s Best Employers for 2022. Presented by Forbes in partnership with Statista, the world-leading statistics portal and industry ranking provider, the annual list recognizes Wyndham as a top employer, with team members highly likely to recommend the Company to both family and friends.
The honor marks yet another accolade for Wyndham over the last year. Just last month, the Company received a perfect score for the fourth consecutive year on the 2022 Human Rights Campaign’s Corporate Equality Index (CEI), recognizing Wyndham as a best place to work for LGBTQ+ Equality and this past October, Wyndham was named by Newsweek as one of America’s Most Loved Workplaces, ranking #4 among the top 100 companies.
“The strength of our company comes from the people within. This award reflects Wyndham’s long-standing commitment to fostering a workplace that encourages and supports the diverse contributions of our team members,” said Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts. “Our Count on Me service culture and core values of integrity, accountability, inclusivity, caring and fun make our company a special place to build a career and inspires incredible experiences for our team members and the people we serve.”
Wyndham is fiercely committed to the well-being of its employees and believes in creating environments where all team members can grow and succeed. Through the continuous development of impactful programs, team members have access to career advancement and educational programs, volunteer opportunities, and range of affinity business groups, helping to cultivate a diverse and inclusive workplace. What’s more, the company provides leading benefits, educational assistance, parental leave, exclusive team member travel perks and discounts, and promotes a culture designed to provide team members with a fulfilling work-life balance, including an ongoing commitment to flexible and hybrid options, enabling associates to do their best work in the place that works best for them.
To determine the rankings, Forbes and Statista selected employers through an independent survey applied to more than 60,000 American employees across 25 different industries. The evaluation was based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries.
More information, including Forbes’ full list of America’s Best Employers for 2022, can be found here.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 803,000 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers 90 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.
Achievement Marks Four Consecutive Years with a Perfect Score on Human Rights Campaign’s Corporate Equality Index
PARSIPPANY, N.J., January 27, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today that it received a perfect score of 100 on the 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality, administrated by the Human Rights Campaign Foundation. Wyndham is celebrating its fourth consecutive year earning a perfect score in this annual survey, further recognizing the company as a best place to work for LGBTQ+ Equality.
“Inclusivity is core to our values, and we respect differences in people, cultures, ideas, and experiences,” said Geoffrey A. Ballotti, chief executive officer, Wyndham Hotels & Resorts. “We understand that we only succeed by bringing together varying backgrounds and points of view, and we are dedicated to creating welcoming environments both internally for team members and in our hotels for guests.”
Deeply committed to a culture of diversity, equity, and inclusion, Wyndham continuously infuses different perspectives into the workplace that reflect the company’s diverse customers and communities around the world and offers enhanced training to address racial inequality, anti-racism, and allyship. The company partners with leading organizations including National Gay & Lesbian Chamber of Commerce and International Gay & Lesbian Travel Association, and offers affinity groups such as PRIDE, which is sponsored and championed by members of the executive leadership team. In further support of fostering an inclusive environment where team members feel comfortable to be their authentic selves, Wyndham launched a campaign on International Pronouns Day that was dedicated to promoting awareness about pronouns and how team members can self-identify should they choose to do so.
Wyndham Hotels & Resorts is among 1,271 businesses rated in this year’s report. The CEI uses criteria based on equitable benefits for LGBTQ workers and their families; non-discrimination policies across business entities; supporting an inclusive culture; and corporate social responsibility. Wyndham’s efforts in satisfying all of the CEI’s criteria earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ+ Equality.
Wyndham has also been named to Ethisphere’s list of the world’s most ethical companies in 2019 and 2020, and in 2021 the company was named one of the best places to work in its home state of New Jersey by NJBIZ and was recognized by Newsweek as one of the Most Loved Workplaces for 2021 and Most Responsible Companies for 2022.
For more information on the 2021 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 803,000 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 90 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.
About Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.
The Company’s Newest Female Hotelier Signs a Multi-Property Agreement as Part of the Innovative Program Supporting the Advancement of Women-Owned Hotels
PARSIPPANY, N.J., January 25, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today its first signed agreement as part of its innovative “Women Own the Room” program. Trusha Patel, Founder and CEO, Platinum Holdings, becomes the pioneering program’s first member with two new construction La Quinta and Hawthorn Suites dual-branded hotels. The first-ever program by a major hotel company specifically targeting women’s advancement in hotel ownership, Wyndham’s recently launched “Women Own the Room” is designed to advance and empower women entrepreneurs to break through the predominantly male-dominated hotel industry and is a natural extension of Wyndham’s strong dedication to a culture of diversity, equity, and inclusion.
From Breaking the Glass Ceiling to Breaking Hotel Ground: “Women Own the Room” Supports Advancement of Women-Owned Hotels
Hospitality industry data shows that women are significantly underrepresented in hotel ownership, real estate, and investment funding roles. Research conducted by Castell Project in 2021 found that while the hospitality industry is one of the most diverse, it lags when it comes to diversity in senior positions and ownership. While women make up 70% of the tourism and hospitality workforce, they only make up 10% of hotel development roles. Wyndham Hotels & Resorts is committed to gender diversity, women’s economic empowerment, and advancing women entrepreneurs to level the playing field.
“Hospitality is one of the most diverse industries in the world and we should be fostering that diversity at the highest levels including ownership,” said Lisa Checchio, Chief Marketing Officer, Wyndham Hotels & Resorts. “While the workforce in the tourism and hospitality industry is comprised of 70% women, only one woman enters hotel development for every 9.6 men. “Women Own the Room” is specifically designed to help overcome the common barriers women face in hotel development and help them open and run their hotels.”
Women Own the Room is built upon the pillars of
Delivering comprehensive financial solutions
Enhanced capital support
Reduced initial franchise fee
Available for new construction and conversion projects
Offering personalized and complimentary operational guidance & support
Personalized opening support
Best-in-class training
Complimentary services designed to help maximize revenue
Establishing an inclusive community for networking & education
Event topics to include: Tips on securing financing
Selecting sites and performing feasibility assessments
Success stories from women in hotel development
Wyndham’s new program aims to help address the nearly 50% of women in business who lack competent advisors to guide them through entrepreneurship by connecting females interested in the hotel business with established female hotel developers who successfully broke the mold. Additionally, the company offers a development incentive program that provides meaningful Wyndham financing, discounts on initial fees and complimentary first-year operating services to support the success of hotels developed by women.
“I grew up in the hospitality industry and have been involved in every facet of hotel ownership, from development to dispositions. When embarking on owning a hotel of my own, it was helpful to have access to the resources that Wyndham provides,” said Trusha Patel, Founder and CEO, Platinum Holdings. “With the support of Wyndham, I have the backing of the world’s largest hotel company behind me. This is an incredible opportunity to realize my personal hospitality objectives, and also an opportunity to inspire other women to fulfill their entrepreneurship goals.”
Two New La Quinta and Hawthorn Suites Dual-Brand Hotels
Ms. Patel will open two La Quinta and Hawthorn Suites dual-branded hotels in the rapidly growing Texas cities of Austin and Georgetown. Each hotel will offer a combined 125 guestrooms – 75 of which will feature the recently refreshed room design from La Quinta’s sought-after Del Sol prototype, and 50 will feature the updated Hawthorn room design including modern, well-equipped kitchens for extended-stay guests. This pairing of select-service and long-term lodging targets different types of travelers, bringing them together under one roof and allows Wyndham to provide options for travelers looking for extended-stays, especially in the growing midscale space. Background about the new hotels:
La Quinta and Hawthorn Suites Austin Airport — The hotel will be conveniently situated less than a mile from Austin-Bergstrom International Airport, four miles from downtown Austin, and will be one of the closest hotels to the new Tesla Headquarters and Gigafactory. Guests can easily experience all that the city has to offer such as music and local bites on 6th street and Rainey Street, visiting the Texas State Capital, catching a concert at Austin360 Amphitheater, seeing a performance at Paramount Theatre, or visiting Circuit of Americas racing facility, which hosts the Formula One United States Grand Prix, Road Racing World Championship and more.
La Quinta and Hawthorn Suites Georgetown — Located 30 miles north of Austin along one of central Texas’ largest thoroughfares, Georgetown has experienced explosive growth over the last decade and has transformed into an independent economic hub. The 3.3-acre hotel will be part of Longhorn Junction, the 190-acre mixed use development, which will also welcome a brewery and a variety of restaurants and retail outlets. Guests of the hotel will be able to seamlessly explore the destination and can enjoy boating and fishing excursions on Lake Georgetown in the warmer months.
“Members of ‘Women Own the Room,’ will have access to the tools and support designed to help them achieve success every step of the way, from signing and breaking ground to welcoming their first guests. The program is designed to clear the path for women who are eager to make their mark in the hospitality industry,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts.
As a leading hospitality brand, Wyndham is helping advance and champion diversity within the Company and the greater travel industry. Spanning multiple countries and continents, Wyndham team members are a widespread group of individuals with diverse interests and backgrounds who all come together to further one of the world’s most prominent hotel organizations. For three years in a row, the company received a perfect score on the Human Rights Campaign’s Equality Index, designating Wyndham as a best place to work as well, as having been named by DiversityInc as a noteworthy company for its commitment to diversity and inclusion.
To get involved and stay up-to-date on Women Own the Room’s upcoming events, visit www.womenowntheroombywyndham.com. Developers interested in collaborating with Wyndham can visit Wyndhamdevelopment.com or contact the Wyndham Franchise Development team by email at [email protected].
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 803,000 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 90 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.
New Full-Service Wyndham Properties in Indiana and Ohio
PARSIPPANY, N.J., December 16, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today an agreement with Ceres Development for three new Wyndham hotels, two in Indiana and one in Ohio. These newly rebranded hotels, celebrating their openings, continue the Company’s steady conversion growth, where it experienced 100 percent more domestic conversions in third quarter 2021 compared to third quarter 2019.
“Joining Wyndham Hotels & Resorts will allow us to collaborate with the company’s global sales, marketing and loyalty teams to help travelers discover these properties and explore new cities,” said David Crisafi, President of Ceres Enterprises. “We will also have the opportunity to simplify operations and streamline efficiencies with the support, experience, and scale that Wyndham provides.”
Designed for both business and leisure travelers, Wyndham is the hotel company’s signature brand that continuously supports everyday travelers by offering a comfortable and convenient stay while on the road. Blending comfort with innovation, the upscale brand features spacious and smartly designed guestrooms, flexible meeting and event spaces, and dedicated work areas throughout the properties, while consistently delivering thoughtful service and amenities. The following new hotels are now part of Wyndham’s portfolio:
Wyndham Noblesville in Indiana Situated in a scenic suburb just north of Indianapolis, the hotel is within walking distance of Hamilton Town Center’s charming shops and restaurants. The 132-suite hotel offers more than 3,000 square feet of meeting space, as well as amenities including a business center, a fitness center and a heated indoor pool, catering to business and transient travelers alike. The property also features an on-site restaurant and bar that serves complimentary breakfast daily. Guests of the hotel can easily explore the surrounding area and catch a concert at Ruoff Music Center or attend a tournament at Grand Park Sports Campus.
Wyndham Westfield in Indiana Conveniently located just 22 miles north of downtown Indianapolis and 37 miles from Indianapolis International Airport, this contemporary hotel is set along the scenic Monon Trail, providing easy access to the nearby 400-acre Grand Park Sports Campus, Pacers Athletic Center, and Clay Terrace shopping center. The property’s 152 modern guestrooms and suites offer a smart design alongside four well-designed event venues to host up to 200 guests.
Wyndham Avon in Ohio Located in the heart of Avon, Ohio, 17 miles from Cleveland Hopkins International Airport, the 113-suite hotel is steps away from a variety of restaurants and shopping at Avon Commons Shopping Center and Crocker Park, as well as family-friendly fun at Main Event and Sky Zone Trampoline Park. Guests can easily enjoy the excitement of downtown Cleveland, including the Rock & Roll Hall of Fame, and return to their spacious suite outfitted with a spa-inspired bathroom and separate living and workspaces. Additional amenities include a heated indoor pool, hot tub, bar, and cozy outdoor fire pits.
“We are so excited to partner with Ceres Development on these three exceptional hotels in key midwestern markets,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts. “Conversions continue to play a large part of Wyndham’s development strategy, and we look forward to welcoming more travelers to experience the brand’s modern guest rooms, personalized service and thoughtful amenities.”
“This is an extraordinary opportunity at a key time in the travel industry,” said David Orlean, President, Orlean Company (joint owner of the Avon, Ohio and Westfield, Indiana Wyndhams). “This conversion comes at a time when travel is picking back up, and we are thrilled to be able to now extend the Wyndham experience to guests of these properties.”
About Wyndham The namesake of the world’s largest hotel company, Wyndham hotels across five continents in urban and vacation destinations help travelers discover comfort wherever they are. Hotels are simply comfortable, balancing a gentle harmony of calming elements and chic innovation throughout its smartly detailed guest rooms, distinct dining options and flexible meeting and event spaces. Learn more at www.wyndham.com.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 803,000 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 90 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.
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