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Contracts for Four Hotels |
DALLAS (July 17, 2001) - Wyndham International, Inc. (NYSE: WYN) announced
today five-year extensions of its existing management agreements for the
238-room Wyndham Orange County Airport in California and three hotels in
Galveston, Texas:
"As we move closer toward becoming a leading branded hotel operating
company, our focus on franchise and management contracts intensifies,"
said Fred J. Kleisner, chairman and chief executive officer of Wyndham.
"We are committed to seeking out new opportunities in these important areas
and, more importantly, in remaining focused on achieving strong operating
performance at those properties we already manage."
"This agreement reaffirms our continued confidence in Wyndham's management
and its growth strategy," said Joseph Amoroso with Amgreen Heritage. "The
industry-leading standards they continue to set for the Wyndham brand and
the their ability to implement changes consistently across locations are
important components to their success at instilling loyalty among guests."
The Tremont House - A Wyndham Historic Hotel is situated in the heart of Galveston Island's Strand Historic District and just minutes from the Gulf of Mexico's water's edge. The property offers 17,000 square feet of meeting space, including a 7,946-square-foot ballroom. The Harbor House is located on Pier 21, within walking distance of the Texas Seaport Museum, Tall Ship Elissa, The Great Storm Theater, and local retail shops and restaurants. Guests of the hotel are welcome to the use of the amenities and facilities at the nearby Hotel Galvez and Tremont House. "We continue to be impressed with Wyndham's dedication to quality and excellence," said Todd Mitchell, president of 1870 Strand Corp. "Our relationship with Wyndham affords our hotels numerous advantages, including access to an advanced reservations system, national marketing and advertising programs, and purchasing savings." Wyndham International, Inc. (NYSE: WYN) offers upscale and luxury hotel and resort accommodations through proprietary lodging brands and a management services division. Based in Dallas, Wyndham International owns, leases, manages and franchises hotels and resorts in the United States, Canada, Mexico, the Caribbean and Europe. This press release contains certain forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including projections about future operating results. |
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Wyndham International, Inc. Elizabeth Williams (214) 863-1389 Darcie Brossart (214) 863-1335 www.wyndham.com |