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News: Manikis appointed Wyndham Hotel Group EMEA managing director

Wyndham Hotel Group has announced the appointment of Dimitris Manikis to the role of president and managing director for Europe, Middle East, Eurasia and Africa. He will be based at the company’s London offices. Manikis will be responsible for the development of all of Wyndham Hotel Group’s brands in the EMEA region as well as maximising the performance of all new and existing franchise and managed hotels. He will focus on driving the strategic objectives of Wyndham Hotel Group including quality and technology solutions as well as loyalty, sales and…

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News: Wyndham Worldwide parts with European rentals business for US$1.3bn

Wyndham Worldwide has entered into a definitive agreement for the sale of its European holiday rental business to Platinum Equity. The deal is valued at approximately $ 1.3 billion. In conjunction with the sale, the European vacation rental business has entered into a 20-year agreement under which it will pay a royalty fee of one per cent of net revenue to Wyndham’s hotel business for the right to use the by Wyndham Vacation Rentals endorser brand.  Wyndham’s European vacation rental business is the largest manager of holiday rentals in Europe,…

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News: Wyndham Dreamland Resort Bali opens to guests in Indonesia

A second Wyndham Hotels & Resorts flag has risen in Bali with the opening of Wyndham Dreamland Resort Bali. The upscale 177-room resort is located near Dreamland Beach, one of Bali’s most idyllic hidden coves. Living up to its name, Dreamland Beach is framed by dramatic limestone cliffs that hug the rugged coastline of the southern Bukit Peninsula. Characterised by glorious stretches of white sand, breath-taking sunsets and some of Bali’s most iconic surf breaks, it is little wonder that this slice of heaven is now home to Wyndham Hotel…

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Focus: Breaking Travel News interview: Patrick Divall, vice president, Western Europe, Wyndham Hotel Group

Something of a stately presence on the global hospitality scene, Wyndham Worldwide has been undergoing a significant reorganisation over the past 18 months. The giant is currently splitting itself in half to create two separate, publicly traded companies. Wyndham Hotel Group, with more than 8,100-hotels and based in Parsippany, New Jersey, will become a standalone hotel company, while Wyndham Vacation Ownership will move to Florida to become the largest publicly traded timeshare company. At the same time, Wyndham Hotel Group is itself expanding, having just this week announced a $…

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News: Wyndham Worldwide to acquire La Quinta for $1.95bn

Wyndham Worldwide will acquire La Quinta’s hotel franchise and hotel management businesses for $ 1.95 billion in cash.  The acquisition is expected to close in the second quarter of 2018. Under the terms of the agreement, stockholders of La Quinta will receive $ 8.40 per share in cash (approximately $ 1 billion in aggregate), and Wyndham Worldwide will repay approximately $ 715 million of La Quinta debt. The hotel giant will also set aside a reserve of $ 240 million for taxes expected to be incurred in connection with the…

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News: Wyndham unveils plans for Lombok Sundancer Resort, Indonesia

Wyndham Hotel Group’s growth continues with the strategic expansion of its upscale Wyndham Hotels & Resorts brand into Indonesia’s spectacular Lombok Island, scheduled for opening in mid-2018. The all-suite Wyndham Lombok Sundancer Resort is being developed by PT Wisata Bahagia Indonesia under a management agreement with PT Wyndham Hotel Management, an Indonesian subsidiary of Wyndham Hotel Group. The signing follows Wyndham’s recent announcement of five newly acquired managed hotels under the upscale Wyndham Hotels & Resorts brand and upper-upscale Wyndham Grand brands in Bali and Palembang in Indonesia. The company…

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News: Wyndham to acquire AmericInn for $170m

Wyndham Hotel Group has announced plans to acquire the Minnesota-based AmericInn hotel brand and its management company, Three Rivers Hospitality, from Northcott Hospitality. The deal is worth a reported $ 170 million. AmericInn’s portfolio consists of 200 primarily franchised hotels with approximately 11,600 rooms in 21 states, predominately in the Midwestern US, Ohio Valley, and Mountain states including Minnesota, Wisconsin, Iowa, Michigan, and North Dakota. The brand’s US pipeline consists of 23 hotels. Committed to its asset-light strategy, Wyndham Hotel Group will explore options to divest the owned portfolio, which…

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