Hotel Online
News for the Hospitality Executive

 

advertisement


Hospitality Properties Trust and Wyndham Hotel Group Enter Agreement
for the Branding and Management of 20 Hotels

HPT to Provide up to $75 Million for Refurbishment and Rebranding of the Hotels


Parsippany (May 22, 2012)Wyndham Hotel Group, the world’s largest hotel company with over 7,150 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced an agreement with Hospitality Properties Trust (HPT) (NYSE: HPT) to brand 20 hotels with the Wyndham Hotels and Resorts® and Hawthorn Suites® by Wyndham brand names.

As part of the agreement, four of the hotels will become Wyndham Hotels and Resorts properties and 16 will become Hawthorn Suites by Wyndham hotels. All 20 properties will be managed by the Wyndham Hotel Group management company under a 25-year management contract. Wyndham Hotel Group will have two consecutive 15-year renewal options, which may be exercised for all of the hotels.

“We are proud to align with HPT, a prominent ownership group which clearly believes in and supports our brand growth strategy,” said Eric Danziger, Wyndham Hotel Group president and CEO. “We look forward to a rewarding alliance and to furthering our association with HPT.”

John Murray, HPT president, echoed Danziger’s commitment to the relationship.

He said, “HPT is delighted to add Wyndham Hotel Group as a hotel management partner and we believe that the refurbishment and rebranding of these 20 hotels and their management by Wyndham Hotel Group will result in improved operating results at the hotels. Also, HPT expects it may in the future add to its ownership of Wyndham branded hotels.”

The 20 rebranded hotels will become:
  • Wyndham Irvine John Wayne Airport, Irvine, Calif.
  • Wyndham Atlanta Perimeter, Atlanta, Ga.
  • Wyndham Dallas Park Central, Dallas, Texas
  • Wyndham Houston West Energy Corridor, Houston, Texas
  • Hawthorn Suites by Wyndham Denver Tech Center, Centennial, Colo.
  • Hawthorn Suites by Wyndham Hartford-Meriden, Meriden, Conn.
  • Hawthorn Suites by Wyndham Orlando Altamonte Springs, Altamonte Springs, Fla.
  • Hawthorn Suites by Wyndham Chicago-Hoffman Estates, Hoffman Estates, Ill.
  • Hawthorn Suites by Wyndham Louisville, Louisville, Ill.
  • Hawthorn Suites by Wyndham Chicago-Schaumburg, Schaumburg, Ill.
  • Hawthorn Suites by Wyndham Northbrook-Wheeling, Wheeling, Ill.
  • Hawthorn Suites by Wyndham Detroit Aubrun Hills, Aubrun Hills, Mich.
  • Hawthorn Suites by Wyndham Detroit Farmington Hills, Farmington Hills, Mich.
  • Hawthorn Suites by Wyndham Charlotte-Coliseum, Charlotte, N.C.
  • Hawthorn Suites by Wyndham Greensboro, Greensboro, N.C.
  • Hawthorn Suites by Wyndham Raleigh, Raleigh, N.C.
  • Hawthorn Suites by Wyndham Omaha, Omaha, Neb.
  • Hawthorn Suites by Wyndham Cincinnati Blue Ash, Blue Ask, Ohio
  • Hawthorn Suites by Wyndham Dallas Near the Galleria, Dallas, Texas
  • Hawthorn Suites by Wyndham Salt Lake City – Fort Union, Salt Lake City, Utah
Hospitality Properties Trust will provide up to $75 million for refurbishment and rebranding of the hotels, which is expected by the third quarter of this year. The management contract also requires that up to five percent of the hotels’ gross revenues for an FF&E Reserve be escrowed for future periodic refurbishments of the hotels. Management fees due to Wyndham Hotel Group are contractually subordinated to the owner’s priority return due HPT and the FF&E Reserve funding. The payment of these amounts to HPT is guaranteed by Wyndham Worldwide for the first seven years subject to a maximum cap of $20 million and an annual cap of $10 million. All amounts are subject to future recapture by Wyndham Worldwide and any payments or recapture is done on a consolidated portfolio basis.

About Hospitality Properties Trust
Hospitality Properties Trust is a real estate investment trust headquartered in Newton, Massachusetts which currently owns 290 hotels and 185 travel centers located throughout the United States and in Puerto Rico and Ontario, Canada.

About Wyndham Hotel Group
Wyndham Hotel Group, part of the Wyndham Worldwide (NYSE:WYN) family of companies, is the world’s largest hotel company with over 7,150 hotels and approximately 609,300 rooms in over 65 countries under the hotel brands: 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™, Howard Johnson®, Travelodge® and Knights Inn®. In addition, the company has license agreements to franchise the Planet Hollywood Hotels, Dream® and Night® brands and provide management services globally.

All hotels are independently owned and operated excluding certain Wyndham and TRYP by Wyndham hotels as well as certain international Ramada, Days Inn and Super 8 hotels, which may be managed by one of the affiliates of Wyndham Hotel Group. Wyndham Hotel Group is based in Parsippany, N.J. Additional information is available at www.wyndhamworldwide.com. For more information about hotel franchising opportunities visit www.whgdevelopment.com.
.
Contact:

Christine Da Silva
Vice President, Marketing Communications
Wyndham Hotel Group
22 Sylvan Way
Parsippany, NJ 07054
(973) 753-6590
christine.dasilva@wyn.com


.
Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here  

To Learn More About Your News Being Published on Hotel-Online Inquire Here
 
Also See: Wyndham Hotel Group Enters Agreement with Hoteles Costa del Sol to Franchise Three New Ramada Hotels in Peru / May 2012

Kevin Kobishop Named Vice President of Operations for Wyndham Brand / May 2012

Wyndham, Through the Use of Technology, Rolling out Initiatives to Help Hoteliers Reap Revenue / April 2012

Brazilian Real Estate Company EmCorp Enters Agreement with Wyndham Hotel Group to Develop Super 8 and Wyndham Garden Brand Offerings in Brazil; Plans for 3,000 Rooms by 2014 with Deals Currently Finalized for Five Super 8 Hotels / March 2012

Xi’an Haoxianglai Investment Holding Co. Selects Wyndham Hotel Group to Manage the 565-room Wyndham Grand Xi’an South Under Construction in China's Shaanxi Province / March 2012

Wyndham Hotel Group Launches the Super 8 Brand in Germany; Development Agreement with Tristar Hotel GmbH and Colliers Hotel GmbH Calls for a Minimum of 10 Super 8 Properties in Germany Over the Next Five Years / March 2012

Wyndham Hotel Group Unveils New Room Concept for its Super 8 Brand in Europe and the Middle East; Modular Construction will Allow for More Economical Hotel Development / March 2012

Wyndham Hotel Group's Microtel Brand to Become Microtel Inn & Suites by Wyndham; Rebranding Strategy Taking Advantage of Wyndham Brand's Recognition / February 2012

TRYP by Wyndham Hotel Brand Debuts in New York City with the 173-room TRYP New York City Times Square South / February 2012

Wyndham Hotel Group Adds the 241-room Westward Look Wyndham Grand Resort and Spa in Tucson, Arizona to its Portfolio / February 2012

Wyndham Hotel Group to Expand in India; Developing a 120-room Ramada Resort and Launching Howard Johnson Brand with 3,000 Rooms in 35 Properties by 2017 / January 2012

Wyndham Grand Orlando Resort Bonnet Creek in Florida Names Cory York as Chef de Cuisine of Deep Blu Seafood Grille / December 2011

Wyndham Hotel Group and Owner Reisler Deri Sanayi Ve Ticaret Limited Siketi to Open Wyndham Istanbul Kalamis Marina, the Second Wyndham Property in Turkey / October 2011

Wyndham Hotel Group Continues China Expansion with Signing of Franchise Agreements for Five New Properties Under the Ramada Brand / October 2011

Wyndham Hotels and Resorts Adds the 68-room Wyndham Las Villas Resort Mazatlan in Mexico to its Portfolio; The Former Las Villas Hotel & Spa is Operated by Club Acquisition Company / October 2011

Wyndham Hotels and Resorts Adds the 319-room Wyndham Bay Point Resort in Panama City Beach, Florida to its Portfolio / October 2011

Wyndham Hotel Group Expands in India with Three New Properties; the 154-room Wyndham Grand® in Agra, and Two New-Build Ramada Properties in Alleppey and Ghaziabad / October 2011

Wyndham Continues South Pacific Expansion with the 149-room Wyndham Resort Torquay Near Melbourne, Australia, Formerly a Crowne Plaza / October 2011

Wyndham Hotel Group Opens its First Owned Hotel with the 400-room Wyndham Grand Orlando Resort Bonnet Creek Located within the Walt Disney World Resort Gates in Florida / October 2011

Wyndham Hotel Group to Open the 306-room Wyndham Petek Istanbul in Turkey / September 2011

Wyndham Hotel Group to Manage the 401-room Wyndham Grand Foshan Gaoming Currently Under Construction in China / September 2011

Wyndham Hotel Group to Open the 120-room New-build Days Inn, the Days Hotel Phuket Town, in Thailand Owned by Winpro The Hotel Co., Ltd. / September 2011

Wingate by Wyndham Adds 148-room Wingate by Wyndham Los Angeles International Airport in California to its Portfolio / July 2011

Wyndham Hotel Group Enters New Zealand with the 34-suite Ramada Suites Paihia and the 152-room Ramada Suites Nautilus Orewa, Both Owned by Marsden Asset Management Ltd. / July 2011

Wyndham Worldwide Measures Investment in Sustainability Programs with Release of Two Reports Reviewing its Global Reporting Initiative and its Carbon Disclosure Project / July 2011

Wyndham Hotels & Resorts Opens 107-room Wyndham Garden at Palmas del Mar in Humacao, Puerto Rico / July 2011

Wyndham Adds Tulsa Oklahoma Hotel to Portfolio with the 315-room Wyndham Tulsa Owned by Ruffin Hotel of Tulsa / June 2011

Wyndham Hotel Group Appoints Jurgen Schafers as General Manager and James Moss as Director of Sales and Marketing for the 400-key Wyndham Grand Orlando Resort Bonnet Creek Currently Under Construction in Orlando, Florida / April 2011

Wyndham Hotel Group Launches Planet Hollywood Hotel Development in Three Countries, Qatar, Panama and China / April 2011

Wyndham Hotel Group Continues Asia Pacific Expansion with 200-key Wyndham Khao Lak Resort in Thailand and 304-room Wyndham Sanya Resort in China / March 2011


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.