Top
image credit: Unsplash

Wyndham Hotels & Resorts Acquires European Hotel Brand Vienna House

September 8, 2022

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels in over 95 countries, today announced its acquisition of the Vienna House brand for €44 million ($44 million) adding an upscale and midscale portfolio of approximately 40 hotels and more than 6,000 rooms.

Wyndham acquires 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. 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 iconic brands and will be known as Vienna House by Wyndham.

Read More on Hospitality Net