Hotel Online  Special Report

 Wyndham Completes Sale Six Hotels to Lone Star Funds
and Three Hotels to Thayer Lodging Group


DALLAS - Oct. 25, 2004 -- Wyndham International, Inc. (AMEX:WBR) announced today the closings of two asset portfolio transactions: six hotels to Lone Star Funds and three hotels to Thayer Lodging Group.

Lone Star Funds:

The Company has sold three non-proprietary and three Wyndham-branded assets to Dallas-based Lone Star Funds for an undisclosed price. The six hotels included in the transaction: 

  • the 124-room Union Station - A Wyndham Historic Hotel in Nashville, Tenn.; 
  • the 147-room Tutwiler - A Wyndham Historic Hotel in Birmingham, Ala.; 
  • the 320-room Wyndham Roanoke Airport, Va.; 
  • the 148-room Holiday Inn in San Angelo, Texas; 
  • the 199-room Radisson Hotel in Dallas; and, 
  • the 172-room Holiday Inn Aristocrat Hotel in Dallas.
Wyndham is expected to close on a seventh hotel currently under contract, the Doubletree Hotel in Glenview, Ill., in January 2005. Additionally, all seven assets will continue to be managed by Wyndham pursuant to a newly signed management services agreement, as well as retain their respective brand flags.

Thayer Lodging Group:

Wyndham has closed on three of the four previously announced assets to two investment funds of Thayer Lodging Group for $51.4 million. Thayer Hotel Investors IV has purchased 

  • the 408-room Wyndham Miami Airport and 
  • the 311-room Wyndham Colorado Springs, Colo.; 
and Thayer Hotel Investors III has purchased 
  • the 250-room Wyndham Peachtree Hotel & Conference Center located in Peachtree City, Ga.
Pending lender approval, the sale of the 242-room Wyndham Lisle, Ill. to Thayer Hotel Investors IV is expected to close December 2004. All four assets will remain in the Wyndham brand portfolio pursuant to a long-term management agreement.

Based in Dallas, Wyndham International, Inc. offers upscale and luxury hotel and resort accommodations through proprietary lodging brands and a management services division. Wyndham owns, leases, manages and franchises hotels and resorts in the U.S., 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. The Company's results, expectations and objectives could differ materially from those set forth in the forward-looking statements. 

Wyndham International, Inc.
Also See: Wyndham Reports a Net loss of $353.2 million in the 2nd Qtr 2004 versus a $91.5 million Net Loss for the Same Period in 2003, Takes $301 million Impairment Charge on Asset Sales / Hotel Operating Statistics / Aug 2004
Wyndham Reports Net Loss of $29.4 million for 1st Qtr 2004 Compared to Prior Year Loss of $107.4 million; Sold 11 Hotels During First Quarter / Hotel Operating Statistics / May 2004

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