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than 20 Managed Wyndham Hotels; Greg Ade Named President |
| PARSIPPANY, N.J. (Nov. 4, 2005) � Cendant Hotel Group today announced
it has established a hotel management company to manage and oversee the
daily operations of its more than 20 managed Wyndham® hotels and appointed
Greg Ade, a veteran lodging executive who has managed 1,000-plus-room hotels,
as its president.
Reporting to Steven A. Rudnitsky, Hotel Group chairman and chief executive officer, Ade will oversee the company�s managed Wyndham hotels and the nearly 3,500 employees who work in them. Providing management services is a prerequisite to success in the upscale segment, Rudnitsky said. �By managing hotels, we will gain insight and experience to better understand the needs of our owners and franchisees, promote franchise development and accelerate new-construction projects beyond what would be possible in a pure franchising model.� Ade�s nearly three decades of experience includes managing hotels with more than 1,000 rooms, including the New York Palace and several other world-class properties. �Greg Ade understands the Wyndham product and the upscale segment and will help us develop a premier management company that will provide best-in-class operations,� Rudnitsky said. �He also will work closely with the Wyndham management team to strengthen and position the brand for future growth.� Ade formerly served Interstate Hotels and Resorts of Arlington, Va., as vice president, operations. He joined that company in 1996 as a regional vice president. Prior to that he worked at the property level since 1976 in hotels throughout New York, New Jersey, Connecticut, Massachusetts, Georgia, Florida, Maryland, California and Illinois in a variety of capacities including general manager and rooms division manager. Ade received his bachelor�s degree in hotel management from the University of Denver. New York City-based Cendant Corporation (NYSE:CD) provides travel and residential real estate services to businesses and consumers in more than 100 countries. Cendant Hotel Group, based in Parsippany, N.J., is one of the world�s largest lodging companies with 6,450 hotels representing 541,233 rooms on five continents under the Wyndham®, Super 8®, Days Inn®, Ramada®, Travelodge®, Howard Johnson®, Knights Inn®, Wingate Inn® and AmeriHost Inn® brands. All hotels are individually owned and operated under franchise agreements with Cendant subsidiaries. |
| Contact:
Jennifer Zimmerman
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