BUENOS AIRES, Argentina,
Dec. 1, 2016 /PRNewswire/ -- Wyndham
Hotel Group today announced its acquisition of Latin America's leading Fën Hotels, adding 26
management contracts across Argentina, Peru, Costa
Rica, Uruguay, Paraguay, Bolivia, and the U.S. including two new
Fën-built Wyndham Grand hotels
opening in Montevideo, Uruguay,
and Asunción, Paraguay. With the
addition of Fën Hotels' signature Esplendor Boutique Hotels and
Dazzler Hotels, Wyndham Hotel Group's portfolio of distinct brands
grows to 18, all of which will be bookable through the company's
award-winning loyalty program, Wyndham Rewards, by the end of
2017.
Fën Hotels' 100+ executives and management staff in Buenos Aires will continue leading Fën hotels
and augment Wyndham Hotel Group's Latin
America team as Fën's current headquarters becomes Wyndham
Hotel Group's new Latin America HQ for management operations.
Current Fën CEO, Patricio Fuks, will remain as chairman of
Fën, helping lead Fën's explosive growth across the region.
"Over the last 14 years, Fën Hotels' dedicated and trailblazing
leadership-team has introduced a diversified and iconic portfolio
with celebrated brands embraced by guests across Latin America," said Paulo Pena, president and managing director for
Wyndham Hotel Group in Latin
America and the Caribbean.
"From design-led boutique hotels to an exceptional focus on service
and comfort, Fën Hotels delight guests visit after visit making for
a great addition to our portfolio as we continue delivering
elevated experiences for our guests."
Latin America continues showing
signs of economic growth – manifested in new
infrastructure projects, foreign investment, record international
visitors and a growing middle class population – driving the need
for quality hotel supply across the region. Fën Hotels is
uniquely poised to leverage the region's appetite for quality
accommodations with 22 existing hotels in 6 countries and a strong
pipeline throughout Latin America.
Together with Wyndham's existing hotels in the region, the combined
portfolio of 188 hotels in 19 countries joins Wyndham's nearly
8,000 hotels across the globe, providing business and leisure
travelers a multitude of branded hotel choices.
"Wyndham Hotel Group's strength and significant scale as the
company with more hotels globally than any other hotel company --
dramatically increases our distribution, immediately enabling us to
grow faster not only in Argentina,
but also throughout the region ensuring more guests experience what
Fën Hotels have to offer," said Patricio
Fuks, Fën Hotels CEO and co-founder. "As we integrate the
companies over the next 18 months, becoming part of the Wyndham
family of brands will enable our guests to have access to some of
the most aspirational vacation experiences on earth thanks to
Wyndham Rewards, Wyndham's unparalleled loyalty program, which
makes redeeming free nights in hotels, condos and homes simple and
attainable."
Additionally, Fën Hotels' partner, Emprenurban, led by CEO
Ivan Kozicki, will become a Wyndham
strategic partner across Latin
America, launching the first two Wyndham Grand Hotels in
Latin America later this year and
next. "Coupling our proven development model and capabilities
across Latin America with
Wyndham's global brands and resources will ensure an accelerated
and robust joint growth pipeline for Fën and Wyndham," said Ivan
Kozicki, Emprenurban CEO and Fën Hotels
co-founder.
Wyndham Hotel Group is committed to continuing to grow its
global management operations and distribution system as it looks
for new development opportunities and strategic brand acquisitions
around the world.
About Wyndham Hotel Group
Wyndham Hotel Group is the world's largest hotel company based
on number of hotels and is one of three hospitality business units
of Wyndham Worldwide (NYSE: WYN). As both a leading hotel
brand franchisor and hotel management services provider, the
company's global portfolio consists of nearly 8,000 hotels
and approximately 689,800 rooms in 75 countries under the following
brands: Dolce Hotels and Resorts®, Wyndham
Grand®, 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® and Knights
Inn®. Wyndham Rewards, the company's guest loyalty
program, offers more than 48 million members the opportunity to
earn and redeem points at thousands of hotels across the world. For
more information, visit www.wyndhamworldwide.com.
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SOURCE Wyndham Hotel Group