Wyndham to Buy AmericInn Brand for $170M
ByWyndham Hotel Group is about to experience a growth spurt. The company, a leader in the midscale lodging segment, has entered into an agreement to acquire the AmericInn hotel brand and its management company, Three Rivers Hospitality, from Northcott Hospitality. Wyndham will shell out $170 million on the purchase, which will enhance its holdings by 200 primarily franchised hotels totaling 11,600 rooms, and a pipeline of 23 projects.
The AmericInn portfolio will give Wyndham a notable boost in the Midwest, as the bulk of the 21-state portfolio is located in the Ohio Valley, and Mountain states including Minnesota, Wisconsin, Iowa, Michigan, and North Dakota. “AmericInn is a well-known and much-loved brand in the upper Midwest, and we believe with Wyndham’s backing we can transform this regional brand into a nationally recognized brand known for great stays,” Geoff Ballotti, president & CEO of Wyndham Hotel Group, told Commercial Property Executive…
