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:
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
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|