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Now Managed by Wyndham |
DALLAS (Oct. 23, 2001) - Wyndham International (NYSE:WYN) today announced its agreement with an affiliate of Apollo Real Estate Advisors, L.P. to convert two existing 10-year Wyndham franchise agreements to management contracts. Under the terms of the agreement, Wyndham will now manage the 410-room Wyndham Palm Springs in California and the 352-room St. Anthony - A Wyndham Historic Hotel in San Antonio, Texas. "As one of the first properties to carry the Wyndham flag, the Wyndham Palm Springs helped lay the foundation for our hotel brand," remarked Fred J. Kleisner, chairman and chief executive officer for Wyndham. "Wyndham has always been known for its superior management capabilities, and this new agreement underscores our position, while creating a long-term affiliation with the Wyndham Palm Springs and The St. Anthony."
Based in Dallas, Wyndham International owns, leases, manages and franchises hotels and resorts in the United States, Canada, Mexico, the Caribbean and Europe.
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Contact:
Wyndham International
Darcie M. Brossart [email protected] 214-863-1335 www.wyndham.com |