{"id":1004184699,"date":"2017-07-21T02:32:05","date_gmt":"2017-07-21T10:32:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184699"},"modified":"2022-12-07T14:59:29","modified_gmt":"2022-12-07T22:59:29","slug":"wyndham-to-buy-americinn-brand-for-170m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wyndham-to-buy-americinn-brand-for-170m\/","title":{"rendered":"Wyndham to Buy AmericInn Brand for $170M"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"Geoff<\/a>

Geoff Ballotti, Wyndham Hotel Group<\/p><\/div>\n

Wyndham Hotel Group is about to experience a growth spurt. The company, a leader in the midscale lodging segment<\/a>, has entered into an agreement to acquire the AmericInn hotel brand and its management company, Three Rivers Hospitality, from Northcott Hospitality. Wyndham will shell out $170 million on the purchase, which will enhance its holdings by 200 primarily franchised hotels totaling 11,600 rooms, and a pipeline of 23 projects.<\/p>\n

The AmericInn portfolio will give Wyndham a notable boost in the Midwest, as the bulk of the 21-state portfolio is located in the Ohio Valley, and Mountain states including Minnesota, Wisconsin, Iowa, Michigan, and North Dakota. \u201cAmericInn is a well-known and much-loved brand in the upper Midwest, and we believe with Wyndham\u2019s backing we can transform this regional brand into a nationally recognized brand known for great stays,\u201d<\/em> Geoff Ballotti, president & CEO of Wyndham Hotel Group, told Commercial Property Executive<\/em>.<\/p>\n

Wyndham\u2019s plan to take the AmericInn flag from regional to national will be like d\u00e9j\u00e0 vu, as the company has been down this road before, and more than once. \u201cWhen we purchased Baymont Inn & Suites there were about 120 hotels; today we have more than 400 in 43 states. We purchased Super 8 in 1993 with about 1000 hotels. Today\u2019s it\u2019s the industry\u2019s largest economy hotel brand with more than 2800 hotels in six countries over four continents,\u201d<\/em> Ballotti added. \u201cWe believe there\u2019s a lot of growth opportunity in the midscale and specifically growing AmericInn outside of its current foothold in the Midwest.\u201d<\/em><\/p>\n

Buy some, launch some<\/h2>\n

Wyndham is in expansion mode; the planned purchase of AmericInn follows a string of acquisitions over the last few years. In late 2016, the company bought F\u00ebn Hotels, a leading Latin American hotel management company operating the Esplendor Boutique Hotels and Dazzler Hotels brands. Wyndham also snapped up group accommodations provider and manager Dolce Hotels and Resorts in 2015 for $57 million, adding 24 properties totaling 5,500 guestrooms in seven countries to its portfolio.<\/p>\n

Growth for Wyndham, however, hasn\u2019t been solely in the form of acquisitions. In June 2017, the lodging concern unveiled The Trademark Hotel Collection, an independent concept for upper-midscale-and-above hoteliers. Trademark gives owners of iconic hotels the opportunity to capitalize on Wyndham\u2019s scale and services, while maintaining the properties\u2019 individuality.<\/p>\n

A closing date for Wyndham-AmericInn deal has not yet been set. Nothing will happen without regulatory and government approval. Following completion of the transaction, the hotel company will pursue the disposition of the owned segment of the portfolio, which encompasses 10 hotels.<\/p>\n

Image courtesy of\u00a0Wyndham Hotel Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction includes 200 franchised hotels, as well as management company Three Rivers Hospitality. The portfolio totals 11,600 rooms and a pipeline of 23 projects.<\/p>\n","protected":false},"author":969,"featured_media":1004184702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21751,23891,21742],"tags":[36884,36885,32925],"class_list":["post-1004184699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-hotel","category-national","category-latest","tag-geoff-ballotti","tag-northcott-hospitality","tag-wyndham-hotel-group"],"acf":[],"yoast_head":"\nWyndham to Buy AmericInn Brand for $170M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wyndham-to-buy-americinn-brand-for-170m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wyndham to Buy AmericInn Brand for $170M\" \/>\n<meta property=\"og:description\" content=\"The transaction includes 200 franchised hotels, as well as management company Three Rivers Hospitality. 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