Major U.S. hoteliers are expanding their footprint in key
domestic markets. Recently, Wyndham Hotels and Resorts, LLC, a
Wyndham Worldwide Corporation
) launched Wyndham Anaheim Garden Grove in Garden Grove, CA. The
hotel is owned by OHI Resort Hotels, LLC and managed by Pacific
Located at the centre of Anaheim region's popular leisure and
business destination, Harbor Boulevard, Wyndham Anaheim Garden
Grove is in close proximity to popular attractions like the
Disneyland Resort, owned by
The Walt Disney Company
). In fact, the hotel will feature a Disney Desk where guests can
purchase tickets and obtain information about nearby Disney parks.
Further, the hotel is close to the Anaheim Convention Center, - the
largest convention center on the west coast -, shopping centers
like The Shops at GardenWalk and The Outlets at Orange and the
Southern California beaches. In our view, the prime location will
act as a major crowd-puller for the hotel.
The 376-room hotel offers family-friendly guest rooms with bunk
beds for kids, high-speed wireless Internet access, restaurants and
bars, shuttle service to nearby tourist attractions and a large
meeting space. Additionally, the hotel has a state-of-the-art
fitness center, a business center, a pool and hot tub with private
cabanas and a library.
Wyndham's latest addition is consistent with its efforts to expand
in the domestic market. The hotelier is committed to bring its
brands to key urban and resort markets in the U.S. Since 2013, the
hotelier has opened two hotels in California -- one at the San
Diego Bayside and the other at Santa Monica at the Pier -, along
with other properties at key locations in New York City, Boston,
Philadelphia and Dallas.
Wyndham currently sports a Zacks Rank #2 (Buy). Other stocks in the
same sector worth considering include
Hilton Worldwide Holdings Inc.
Marriott Vacations Worldwide Corp.
). Both the stocks have the same Zacks Rank as Wyndham.
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WYNDHAM WORLDWD (WYN): Free Stock Analysis
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