Wyndham acquires Dolce Hotels and Resorts
Wyndham Hotel Group has acquired Dolce Hotels and Resorts in a deal worth $57 million in cash.
Dolce Hotels and Resorts is a big mover in the MICE segment with 24 properties and 5,500 guestrooms in Europe and North America.
A Wyndham press release said it would "maintain and grow the Dolce brand."
"Dolce is a terrific strategic fit for us," said Geoff Ballotti, president and CEO, Wyndham Hotel Group.
"With over three decades of established brand equity, Dolce is a respected leader in the group space with outstanding destination properties and some of the best meeting product offerings available in the market today.
"In addition, Dolce has a long, successful history of award-winning innovation in conference planning and management. We look forward to continuing the growth of the Dolce brand and leveraging these Dolce attributes across the Wyndham global system while enhancing the Dolce owner and guest experience."
The deal will boost Wyndham’s presence in the meetings and conventions market and allow it to expand its managed portfolio nearly 40%.
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