Wyndham, AHIP Set Flag Swaps
Forty-six hotels rebranding to Wyndham flags
Wyndham Hotel Group has entered into an agreement with American Hotel Income Properties REIT Inc. (AHIP) to convert 44 of the latter firm’s existing hotels to Wyndham’s Baymont Inn & Suites, Travelodge and Super 8 brands. AHIP has also acquired two other hotels that will become part of Wyndham’s portfolio.
The 44 existing hotels currently operate under the Oak Tree Inn brand and include locations near Nashville; Kansas City, Kansas; Jefferson City, Missouri; Lincoln, Nebraska; and Buffalo, New York. Fourteen hotels will convert to Baymont Inn & Suites, 28 will convert to Travelodge and two will become Super 8 hotels. Of the two newly acquired hotels, one recently converted to Wyndham’s Days Inn flag and the other will be rebranded under one of the hotelier’s brands later this month.
“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,” says Rob O’Neill, ceo of AHIP. “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.”
Last month, Wyndham closed on its acquisition of AmericInn, a midscale brand with 200 hotels concentrated in the Midwest. In addition, the company has also added nearly 200 hotels to its North American portfolio this year, with nearly 700 domestic hotels in its pipeline for 2018 and beyond.