Wyndham Acquires Vienna House for $44 Millionby Daniel McCarthy /
Wyndham Hotels & Resorts on Thursday announced that it had acquired Vienna House, an Austria-based hotel company with a portfolio of 40 hotels.
The deal adds more than 6,000 rooms to Wyndham’s portfolio, which already sits at approximately 9,000 hotels in over 95 countries. Of those new Vienna House 40 hotels, 28 in Germany, a growing market for Wyndham, which already has 120 franchised hotels and more than 19,000 rooms in the country.
Berlin-based HR Group will continue to operate the hotels while Wyndham will now market and grow the Vienna House brand, which will now be known as Vienna House by Wyndham.
"Europe continues to present accelerating growth for the travel sector with strong demand steadily bouncing back across leisure and business," said Geoff Ballotti, Wyndham Hotels & Resorts President and Chief Executive Officer.
"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."
"Over the past 30 years, the Vienna House brand has built a highly-recognised name for travellers in many European countries," said Dimitris Manikis, Wyndham Hotels & Resorts President for Europe, Middle East, Eurasia and Africa (EMEA).
"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."