PARSIPPANY, N.J., June 14, 2021 /PRNewswire/ --– Wyndham Hotels
& Resorts, the world's largest hotel franchising company with
over 8,900 hotels across nearly 95
countries, has continued strong momentum in new
construction for its newly introduced prototypes and
dual-branded hotels. In the 12 months from April 2020 to March
2021, Wyndham has executed nearly 100 new construction deals
across the United States,
achieving approximately 90 percent of the previous 12 months'
pre-pandemic levels. The company's new construction pipeline
now includes over 260 hotels that
are currently under construction contributing to
an overall new construction pipeline of 950 hotels, which
will add approximately 140,000 rooms to its domestic
and international portfolio.
Wyndham Hotels & Resorts Continues Strong Momentum
in Economy, Midscale Extended-Stay, Upper Midscale New
Construction
La Quinta by Wyndham Del Sol Prototype
In the second quarter of 2021 alone, La Quinta by Wyndham
has opened or is scheduled to open six new construction
upper-midscale Del Sol prototype
hotels, including:
- La Quinta by Wyndham - Corpus
Christi, Texas (opened)
- La Quinta by Wyndham - Terrell,
Texas (opened)
- La Quinta by Wyndham - Littleton,
Colorado (opened)
- La Quinta by Wyndham - Shorewood,
Illinois (opened)
- La Quinta by Wyndham - San Antonio,
Texas (scheduled to open in June)
- La Quinta by Wyndham - Nashville,
Tennessee (scheduled to open in June)
Interest for the stylish and innovative Del
Sol prototype has soared, with developers attracted
to the sleek design, adaptable layout, and La
Quinta's strong RevPAR performance relative to
its competition throughout the COVID-19 pandemic. The
brand recently announced the opening of its 120th La
Quinta Del Sol prototype hotel. Additional
upcoming Del Sol prototype openings include La
Quinta by Wyndham Round Rock East
in Texas, and La Quinta by Wyndham Maricopa – Copper
Sky in Arizona.
Microtel by Wyndham Moda Prototype
With three recent U.S. openings, including the Microtel Inn
and Suites by Wyndham Milford
in Delaware, and the
brand's Moda prototype debut in Canada with
the Microtel Inn & Suites by Wyndham Lac-Megantic in
Quebec, the new Microtel by
Wyndham Moda prototype remains on a steady growth
trajectory with approximately 110 hotels in its
development pipeline. The Moda prototype is
the first of its kind in the economy select service
segment, designed to be very cost efficient to build for a brand
that punches above its weight with an industry leading RevPar Index
of 115%. Moda reduces Microtel's total footprint by
nearly 30 percent versus the prior prototype and delivers more than
70 percent of rentable space—one of the strongest rentable
footprints in both the economy and midscale segments.
La Quinta by Wyndham and Hawthorn Suites by
Wyndham Dual-Brand Concept
Wyndham's new La Quinta and Hawthorn Suites extended-stay/
dual-brand concept has also seen great growth momentum,
with nearly 35 of these dual-brand hotels in
its development pipeline in markets such as Yuma, Ariz., Wichita, Kan., and Charlotte, N.C. This strategic hotel pairing
allows owners to target both business transient and extended-stay
guests, with streamlined development and operational
costs. The concept includes shared lobby, spacious modern
great room, fitness center, bar, amenities, and back of the
house spaces all while appealing to the multiple types of
travelers that have an affinity for these brands.
"These design-forward and efficient prototype models are key for
Wyndham's new construction strategy, and we're seeing
continued demand from developers who are looking
for significant brand recognition and strong
performance," said Chip Ohlsson, Chief Development
Officer, Wyndham Hotels & Resorts. "Owners have a great
opportunity to diversify their customers within the Wyndham
portfolio, with different brands that reach distinct audiences,
capitalizing on both the leisure and business markets."
Interested developers can visit Wyndham's development website,
or contact the Wyndham Franchise Development team by email at
development@wyndham.com for more information.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company by the number of properties, with over 8,900 hotels across
nearly 95 countries on six continents. Through its network of
approximately 796,000 rooms appealing to the everyday traveler,
Wyndham commands a leading presence in the economy and midscale
segments of the lodging industry. The Company operates a portfolio
of 21 hotel brands, including Super 8®, Days Inn®, Ramada®,
Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn
Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels &
Resorts is also a leading provider of hotel management services.
The Company's award-winning Wyndham Rewards loyalty program offers
87 million enrolled members the opportunity to redeem points at
thousands of hotels, vacation club resorts and vacation rentals
globally. For more information, visit www.wyndhamhotels.com.
This press release contains "forward-looking statements"
within the meaning of U.S. federal securities laws, including the
expected addition of hotels and similar statements concerning
possible future results or performance. You are cautioned not
to place undue reliance on these forward-looking statements, which
are not guarantees of future results or performance, speak only as
of the date of this press release and are subject to numerous risks
and uncertainties, including the risks described in Wyndham Hotels'
most recent Annual Report on Form 10-K and subsequent reports filed
with the Securities and Exchange Commission, any of which could
cause actual results or performance to be materially different from
the future results or performance expressed or implied by such
forward-looking statements. Except as required by law,
Wyndham Hotels undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
subsequent events or otherwise.
Contact:
Scott
Carman
Wyndham Hotels & Resorts
+1 (973) 753-6590
scott.carman@wyndham.com
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SOURCE Wyndham Hotels & Resorts