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Wyndham Hotels and Resorts, the hotel franchising company with approximately 9,000 hotels in over 95 countries, has announced its acquisition of the Vienna House brand for €44m (£38.2m) adding an upscale and midscale portfolio of approximately 40 hotels and more than 6,000 rooms.
Wyndham has acquired the Vienna House brand from Berlin-based HR Group, a leading European hotel operator and long-standing franchised partner of Wyndham, which will continue to own or lease and operate existing Vienna House hotels under long-term franchise agreements with Wyndham.
It said the move enables Wyndham to grow the Vienna House brand by leveraging Wyndham’s “vast marketing scale and franchise expertise, while allowing HR Group to focus on its core competencies as a leading owner and operator of strategic real estate across Europe”.
Upon closing, the Vienna House brand will become part of Wyndham’s portfolio of brands and will be known as Vienna House by Wyndham.
The acquisition of the brand adds 28 hotels in Germany alone, further cementing Wyndham’s foothold in one of its largest European markets with 120 franchised hotels and more than 19,000 rooms, while also expanding across surrounding countries.
Together with Wyndham’s current presence in Europe, the combined portfolio of more than 400 hotels in more than 30 countries will provide business and leisure travellers an expanded offering of branded hotel options across the region.
Geoff Ballotti, Wyndham Hotels and Resorts president and CEO, said: “Europe continues to present accelerating growth for the travel sector with strong demand steadily bouncing back across leisure and business. Vienna House’s guest-centric culture, strong brand recognition and ambitious brand development plans align with our distribution goals, making it a perfect match to continue our international growth and reinforces our position and commitment to the region.”
Dimitris Manikis, Wyndham Hotels and Resorts president for Europe, Middle East, Eurasia and Africa (EMEA), added: “Over the past 30 years, the Vienna House brand has built a highly-recognised name for travellers in many European countries.
“The acquisition of the Vienna House brand and our expanded collaboration with our trusted partner, HR Group, mark a key step in expanding our market presence even further, adding immediate scale and capability and supporting our ambitions for growth in important destinations across EMEA.”
