Deal Snapshot
WYNDHAM ACQUIRES US PORTFOLIO FROM AMERICAN HOTEL INCOME PROPERTIES
Friday 03 November 2017

Arizona, US-based hospitality company Wyndham Hotel Group has expanded its US presence through an agreement with Canada-based American Hotel Income Properties REIT LP (TSX: HOT.UN) (TSX: HOT.DB.U) (AHIP) to add 44 US hotel properties to Wyndham's Baymont Inn and Suites, Travelodge, Super 8 and Days Inn brands, the company said.
AHIP has also newly acquired two additional hotels joining the Wyndham portfolio. All 46 hotels will become part of Wyndham's global distribution network and loyalty program by the end of the year.


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Details
Date Published: 03/11/2017
Target: 44 US hotel properties converted to Wyndham brands
Country: USA
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: American Hotel Income Properties REIT
Buyer: Wyndham Hotel Group,  
Comment:
Terms of the deal were not disclosed

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