Wednesday, September 30, 2009

Wyndham May Acquire Hotel Brands, Competitors’ Operations

Sept. 30 (Bloomberg) -- Wyndham Worldwide Corp., the franchiser of Days Inn hotels and Super 8 motels, plans to buy more brands or acquire the operations of struggling competitors, Chairman and Chief Executive Officer Stephen Holmes said.
“There’s quite a bit of distressed real estate,” said Holmes, 52, in a Sept. 28 interview at Wyndham’s Parsippany, New Jersey, headquarters. “It’s an opportunity to add new brands or convert underperforming hotels” to a Wyndham brand.

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