Minnesota-based midscale hotel brand AmericInn has agreed to be acquired by Wyndham Hotel Group for $170 million. The AmericInn brand is owned by Chanhassen-based Northcott Hospitality and includes 200 hotels, mainly owned by franchisees in Midwest locations.The acquisition of AmericInn confirms the consolidation of Wyndham's strategy in the US market. The deal will also bolster the Group’s existing collection of midscale hotels.
“With the global middle class expected to more than double in the next 10 years, we know investing in the midscale segment allows us to offer great experiences and value at price points that travelers need and where they want to be.” said Geoff Ballotti, Wyndham Hotel Group’s president and chief executive officer.
AmericInn will become Wyndham's 20th brand.
Wyndham Hotel Group launched the Trademark Hotel Collection last month, a new concept for upper-midscale-and-above independent hotels. Late last year, the company acquired Fen Hotels and its Dazzler Hotels and Esplendor Boutique brands, expanding its presence and management business in Latin America.
As of January 1, 2017, the group Wyndham is ranked 4th hotel group worldwide, with 7,812 properties and 678,042 rooms, according to data published by Hospitality ON.
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