SOL MELIA : Wyndham Completes TRYP Acquisition from Sol Meliá
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PARSIPPANY, N.J. (July 1, 2010) - Wyndham Hotel Group, a subsidiary of Wyndham
Worldwide (NYSE: WYN), has completed the previously announced acquisition of the
TRYP hotel brand from Sol Meliá Hotels & Resorts including franchise agreements
with 92 TRYP hotels in Europe and South America.
The newly renamed TRYP by Wyndham brand joins Wyndham Hotel Group's 11 other
brands, which encompass nearly 7,100 hotels and approximately 593,300 rooms in
65 countries.
TRYP, a select-service, midpriced brand representing approximately 13,000 rooms,
caters to business and leisure travelers in cosmopolitan cities including
Madrid, Barcelona, Paris, Lisbon, Frankfurt, Buenos Aires, Sao Paulo and
Montevideo. Last month, the brand opened its third hotel in Barcelona, the Tryp
Hotel Condal Mar, and anticipates additional openings this year in Lisbon,
Berlin, Madrid and Medellin, Colombia.
Wyndham Hotel Group President and Chief Executive Officer Eric Danziger said the
TRYP by Wyndham brand "significantly increases the company's global presence in
Europe and Latin America."
"We acquired the TRYP brand because of its strategic presence in major
international cities and the significant growth opportunities it presents to our
business," said Danziger. "Our immediate focus is to grow the TRYP by Wyndham
brand across Europe and the Americas. The latest hotel opening in Barcelona
demonstrates the brand's accelerating growth and increasing interest from
developers and hotel owners."
As previously announced, Wyndham Hotel Group and Sol Meliá will work together to
develop the TRYP by Wyndham brand globally and expect to market the hotels
cooperatively through their central reservations systems and loyalty programs as
part of a strategic alliance between the two companies.
"This marks the beginning of a promising relationship between two complementary
hospitality companies that will foster growth in a vast diversity of regions,"
said Gabriel Escarrer Jaume, vice chairman and chief executive officer of Sol
Meliá.
In connection with the closing, Danziger announced the appointment of Daniel del
Olmo, as brand senior vice president, TRYP by Wyndham, responsible for its
overall business strategy, brand integration, performance, customer relations,
service culture, operations and sales and marketing. He will report to Jeff
Wagoner, who will continue to serve the company as president of its Wyndham
Hotels and Resorts® brand and affiliated Wingate® by Wyndham and Hawthorn
Suites® by Wyndham brands.
Del Olmo most recently served Wyndham Hotel Group as chief performance officer,
leading the development of the company's long-term strategic plan including the
development of business strategy and integration plans for the TRYP brand. Since
joining the company in 2003, he has served in a variety of roles in marketing,
strategy and innovation. He began his career in hospitality in the Americas
Division of Sol Meliá Hotels & Resorts where he held various marketing and
e-commerce positions.
About Wyndham Hotel Group
Wyndham Hotel Group encompasses nearly 7,100 hotels and approximately 593,300
rooms in 65 countries under its 11 other hotel brands: Wyndham Hotels and
Resorts®, Wingate by Wyndham®, Hawthorn Suites® by Wyndham, Ramada®, Days Inn®,
Super 8®, Baymont Inn & Suites®, Microtel Inns & Suites®, Howard Johnson®,
Travelodge® and Knights Inn®.
All hotels are independently owned and operated excluding certain Wyndham and
international Ramada hotels which are managed by an affiliate or through a joint
venture partner. Wyndham Hotel Group is based in Parsippany, N.J. Additional
information is available at www.wyndhamworldwide.com.
About Sol Meliá:
Sol Meliá was founded in 1956 in Palma de Mallorca, Spain and is one of the
world's largest resort hotel chains, as well as Spain's leading hotel chain in
both the business and leisure markets. It currently provides more than 300
hotels in 26 countries on 4 continents under the brands: Gran Meliá, Meliá, ME
by Meliá, Innside by Meliá, TRYP, Sol, Paradisus and Sol Meliá Vacation Club.
Sol Meliá is the only travel company included in the exclusive "FTSE4GoodIbex"
Spanish stock market index and is a signatory of the United Nations Global
Compact. In 2008 the company approved its Global Sustainability Policy and in
2009 it was named the first "Biosphere Hotel Company" by the Responsible Tourism
Institute, supported by UNESCO. That same year the company was also awarded the
Prince Felipe Award for Tourism Excellence for the second time.
The company currently employs more than 33,000 people worldwide with staff from
over 90 different countries. The company respects equal rights and balance in
its contracting of male and female staff and approximately 10% of its workforce
is made up of immigrants. For more information, visitwww.solmelia.com
# # #
WYNDHAM HOTEL GROUP
Media Contact
Evy Apostolatos
Director, Media Relations
Wyndham Hotel Group
22 Sylvan Way
Parsippany NJ 07054
+1 (973) 753-6590
Evy.Apostolatos@wyndhamworldwide.com
Investor Contact
Margo C. Happer
Senior Vice President, Investor Relations
Wyndham Worldwide Corporation
(973) 753-6472
Margo.Happer@wyndhamworldwide.com
SOL MELIÁ:
Departamento de Comunicación
SOL MELIA HOTELS & RESORTS
Gremio de Toneleros, 24
07009 Palma de Mallorca- España
comunicación@solmelia.com
Departamento de Relación con Inversores
SOL MELIA HOTELS & RESORTS
Gremio de Toneleros, 24
07009 Palma de Mallorca- España
juan.carlos.ivorra@solmelia.com
[HUG#1429160]
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SOL MELIA
Gremio Toneleros; 24. Polígono Industrial Son Castelló. Palma de Mallorca Spain
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