PHOENIX, Nov. 1, 2017
/PRNewswire/ -- Wyndham Hotel Group – the hospitality
giant with an unparalleled portfolio of more than 8,300 hotels
globally – today announced an agreement with American Hotel
Income Properties REIT Inc. (AHIP) to convert 44 existing
hotels across the U.S. to Wyndham's
Baymont Inn & Suites ®,
Travelodge ® and Super
8 ® brands. Furthermore, AHIP has also newly acquired two additional
hotels joining the Wyndham portfolio. All 46 hotels will become
part of Wyndham's powerhouse global distribution network and
award-winning loyalty program by the end of the year.
The agreement boosts the company's already strong presence in
the U.S. midscale and economy hotel landscape with locations near
Nashville, Tenn.; Kansas City, Kan.; Jefferson City, Mo.; Lincoln, Neb.; and Buffalo, N.Y.
Per the agreement, 44 existing hotels - currently operating
under the Oak Tree Inn brand - will convert to a selection of
Wyndham's brands: 14 hotels will convert to the Baymont Inn &
Suites® brand, 28 will convert to the
Travelodge® brand, and two will become Super
8® hotels. Of the two newly acquired hotels, one has
recently converted to a Days Inn and the other is to be rebranded
under one of Wyndham's brands later this month. The hotels will
continue to be managed by ONE Lodging Management Inc., AHIP's
exclusive external hotel manager, a wholly owned subsidiary of
O'Neill Hotels & Resorts Ltd.
"Rob O'Neill and his team at
AHIP have built a tremendous collection of clean, comfortable and
affordable accommodations which guests have come to love. We could
not be prouder to partner with them to help drive incremental
revenue to their hotels," said Chip
Ohlsson, Wyndham's executive vice president and chief
development officer. "As leaders in midscale and economy
lodging, we champion everyday travelers and prioritize our growth
in the places they want to be with the brands they adore. Our
unshakable momentum is a testament to the strong industry
relationships like this one which support that mission."
Just last month, Wyndham Hotel Group closed on its acquisition
of AmericInn, a midscale brand with a high-quality reputation
across its 200 hotels concentrated in the Midwest. On top of
the acquisition, year to date, the company has added nearly 200
hotels to its North American portfolio and the momentum continues:
the 2018-and-beyond domestic pipeline includes nearly 700 hotels
and 63,000 rooms.
"This agreement furthers our strategic plan to curate a robust
portfolio of premium branded,
select-service hotels poised for optimal success under strong
recognized brands with
national awareness that will empower them to flourish," said
Rob O'Neill, chief executive
officer of American Hotel Income Properties. "By licensing Wyndham Hotel Group's renowned
brands, our hotels tap into the power and scale of the company's
unmatched portfolio and gain access to tremendous distribution,
buying power, and sales capabilities in addition to an unrivaled
loyalty program that is 53
million members strong."
The added hotels benefit from flexible options and the power of
scale that comes with being part of the world's largest hotel
company including an experienced team and an in-depth array of
services such as state-of-the-art technology and revenue management
solutions, strategic sourcing, global sales, marketing and
distribution, operations support, best-in-class training and
affiliation with the most generous hotel loyalty program in the
industry.
About American Hotel Investment Properties REIT
LP
American Hotel Income Properties REIT LP (TSX: HOT.UN,
TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest
in hotel real estate properties located substantially in the United
States. The company currently owns 114 hotels, and is
actively engaged in growing its portfolio of premium branded,
select-service hotels in larger secondary markets that have diverse
and stable demand. AHIP hotels operate under brands affiliated with
Marriott, Hilton, IHG, Wyndham and Choice Hotels through license
agreements. The company's long-term objectives are to build
on its proven track record of successful investment, deliver
reliable and consistent U.S. dollar denominated distributions to
unitholders, and generate value through the continued growth of its
diversified hotel portfolio. More information is available at
www.ahipreit.com.
About Wyndham Hotel Group
Wyndham Hotel Group, hotel
giant with an unmatched global presence, is one of three
hospitality business units of Wyndham Worldwide (NYSE: WYN).
Driving the democratization of travel, Wyndham Hotel Group is
elevating the experience of the everyday traveler, changing the
game so every traveler – no matter how much they spend or how they
like to travel – has an extraordinary experience. As both a leading
hotel brand franchisor and hotel management services provider, the
company's global portfolio consists of more than 8,300 hotels
and over 708,500 rooms in 78 countries under the following
brands: The Trademark Hotel Collection®, Dolce Hotels
and Resorts®, Wyndham Grand®,
Dazzler® Hotels, Esplendor® Boutique
Hotels, Wyndham Hotels and Resorts®, Wyndham
Garden® Hotels, TRYP by Wyndham®, Wingate by
Wyndham®, Hawthorn Suites by Wyndham®,
Microtel Inn & Suites by Wyndham®,
Ramada®, Baymont Inn & Suites®, Days
Inn®, Super 8®, Howard Johnson®,
Travelodge®, Knights Inn® and the
recently-acquired AmericInn. Wyndham Rewards®, named a
best hotel rewards program for the past three consecutive years by
U.S. News and World Report, offers more than 53 million
members the opportunity to earn and redeem points at more than
30,000 hotels, condos and homes globally. For more information,
visit www.wyndhamworldwide.com.
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SOURCE Wyndham Hotel Group