Franchise news

11.06.2008

Wyndham Worldwide to acquire Microtel and Hawthorn Suites brands

Wyndham Worldwide Corporation has announced it is to acquire US Franchise Systems Inc. and its Microtel Inns & Suites and Hawthorn Suites hotel brands, totaling more than 29,000 rooms, from a subsidiary of Global Hyatt Corporation. The transaction is expected to be completed in the next 60 days – subject to satisfaction of customary closing conditions including regulatory approvals.

According to the information provided, Microtel Inns & Suites is a chain of 292 all-new-construction economy hotels and currently has 38 more hotels under construction. Wyndham Worldwide will also be entering the all-suites, extended-stay market with the addition of the 91-hotel Hawthorn Suites chain.

Stephen P. Holmes, Wyndham Worldwide chairman and chief executive officer, commented, “Wyndham Hotel Group is the largest hotel franchisor in the world with nearly 7,000 properties, including this acquisition. This tuck-in acquisition allows us to take advantage of our existing hotel franchise platform and scale of distribution and bring further efficiencies to the Microtel Inns & Suites and Hawthorn Suites brands.”

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