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Cendant Hotel purchase Baymont Inn & Suites

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Published on 04/04/06 - Updated on 17/03/22

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Cendant Hotel Group acquired worldwide rights to the Baymont Inn & Suites brand from the Blackstone Group. “The Baymont Inn & Suites acquisition will make us an even stronger competitor in the limited-service, midscale lodging segment as we prepare to spin off our hospitality company from Cendant Corp (see next page),” said Stephen P. Holmes, Cendant Corporation vice chairman. Baymont Inn & Suites represent already 115 franchise contracts: “a strategic fit for our existing portfolio, adding a large number of guests to our consumer marketing database and our loyalty program, and offering our franchisees even more options to do business”, said Steven Rudnitsky, Cendant Hotel Group chairman and CEO.

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