Wyndham Worldwide Corporation
) operational arm Wyndham Hotel Group recently declared inclusion
of 56 hotels spread across mid-Atlantic and southeast U.S. to its
family of brands. In this regard, the company has entered into an
Colony Financial, Inc.
) and Colony Capital, LLC.
These hotels were previously operating under the Jameson Inns
brand. Now, as per the agreement, 49 hotels will be running under
the company's Baymont Inn & Suites brand while Days Inn will
be operating one hotel and other six properties will be branded
as Howard Johnson property.
Aimbridge Hospitality will be engaged in controlling and
managing the operations of these 56 Wyndham branded properties.
With this agreement, nearly 3,638 guestrooms will be added to
Wyndham Hotel Group profile.
Wyndham Hotel Group remains optimistic regarding the
agreement, as it will further strengthen its brand value moving
Wyndham Hotel Group currently operates 7,260 hotels with
618,100 rooms across 66 countries. It works under various brand
names such as Wyndham Hotels and Resorts, Ramada, Days Inn, Super
8, Wingate by Wyndham, Baymont Inn & Suites, Microtel Inn
& Suites by Wyndham, Hawthorn Suites by Wyndham, TRYP by
Wyndham(SM), Howard Johnson, Travelodge and Knights Inn.
Recently, Wyndham Hotel Group declared the launch of a TRYP by
Wyndham(SM) branded property in Taksim, Istanbul. Christened as
TRYP by Wyndham Istanbul Taksim, the hotel features 108 rooms
with various other facilities. Wyndham Hotel Group now possesses
326 hotels in Europe, the Middle East and Africa (EMEA) region.
Wyndham carries a Zacks Rank #3 (Hold). The hotel industry is
improving gradually. Some of the hoteliers who are expected to
perform well in the near future include
Choice Hotels International Inc.
Intercontinental Hotels Group plc
). All these stocks carry a Zacks Rank #1 (Strong Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis
COLONY FINL INC (CLNY): Free Stock Analysis
INTERCONTL HTLS (IHG): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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