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Business & Finance

Wyndham Hotel Group Inks Deal with American Hotel Income Properties for 46 Hotels Across U.S.

PHOENIX, AZ. November 2, 2017 - Wyndham Hotel Group – the hospitality giant with an unparalleled portfolio of more than 8,300 hotels globally – today announced an agreement with American Hotel Income Properties REIT Inc. (AHIP) to convert 44 existing hotels across the U.S. to Wyndham's Baymont Inn & Suites ®, Travelodge ® and Super 8 ® brands. Furthermore, AHIP has also newly acquired two additional hotels joining the Wyndham portfolio. All 46 hotels will become part of Wyndham's powerhouse global distribution network and award-winning loyalty program by the end of the year.

The agreement boosts the company's already strong presence in the U.S. midscale and economy hotel landscape with locations near Nashville, Tenn.; Kansas City, Kan.; Jefferson City, Mo.; Lincoln, Neb.; and Buffalo, N.Y.

Per the agreement, 44 existing hotels - currently operating under the Oak Tree Inn brand - will convert to a selection of Wyndham's brands: 14 hotels will convert to the Baymont Inn & Suites® brand, 28 will convert to the Travelodge® brand, and two will become Super 8® hotels. Of the two newly acquired hotels, one has recently converted to a Days Inn and the other is to be rebranded under one of Wyndham's brands later this month. The hotels will continue to be managed by ONE Lodging Management Inc., AHIP's exclusive external hotel manager, a wholly owned subsidiary of O'Neill Hotels & Resorts Ltd.

"Rob O'Neill and his team at AHIP have built a tremendous collection of clean, comfortable and affordable accommodations which guests have come to love. We could not be prouder to partner with them to help drive incremental revenue to their hotels," said Chip Ohlsson, Wyndham's executive vice president and chief development officer. "As leaders in midscale and economy lodging, we champion everyday travelers and prioritize our growth in the places they want to be with the brands they adore. Our unshakable momentum is a testament to the strong industry relationships like this one which support that mission."

Just last month, Wyndham Hotel Group closed on its acquisition of AmericInn, a midscale brand with a high-quality reputation across its 200 hotels concentrated in the Midwest. On top of the acquisition, year to date, the company has added nearly 200 hotels to its North American portfolio and the momentum continues: the 2018-and-beyond domestic pipeline includes nearly 700 hotels and 63,000 rooms.

"This agreement furthers our strategic plan to curate a robust portfolio of premium branded, select-service hotels poised for optimal success under strong recognized brands with national awareness that will empower them to flourish," said Rob O'Neill, chief executive officer of American Hotel Income Properties. "By licensing Wyndham Hotel Group's renowned brands, our hotels tap into the power and scale of the company's unmatched portfolio and gain access to tremendous distribution, buying power, and sales capabilities in addition to an unrivaled loyalty program that is 53 million members strong."

The added hotels benefit from flexible options and the power of scale that comes with being part of the world's largest hotel company including an experienced team and an in-depth array of services such as state-of-the-art technology and revenue management solutions, strategic sourcing, global sales, marketing and distribution, operations support, best-in-class training and affiliation with the most generous hotel loyalty program in the industry.

About American Hotel Investment Properties REIT LP

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. The company currently owns 114 hotels, and is actively engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG, Wyndham and Choice Hotels through license agreements. The company's long-term objectives are to build on its proven track record of successful investment, deliver reliable and consistent U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio. More information is available at www.ahipreit.com.

About Wyndham Hotel Group

Wyndham Hotel Group, hotel giant with an unmatched global presence, is one of three hospitality business units of Wyndham Worldwide (NYSE: WYN). Driving the democratization of travel, Wyndham Hotel Group is elevating the experience of the everyday traveler, changing the game so every traveler – no matter how much they spend or how they like to travel – has an extraordinary experience. As both a leading hotel brand franchisor and hotel management services provider, the company's global portfolio consists of more than 8,300 hotels and over 708,500 rooms in 78 countries under the following brands: The Trademark Hotel Collection®, Dolce Hotels and Resorts®, Wyndham Grand®, Dazzler® Hotels, Esplendor® Boutique Hotels, Wyndham Hotels and Resorts®, Wyndham Garden®Hotels, TRYP by Wyndham®, Wingate by Wyndham®, Hawthorn Suites by Wyndham®, Microtel Inn & Suites by Wyndham®, Ramada®, Baymont Inn & Suites®, Days Inn®, Super 8®, Howard Johnson®, Travelodge®, Knights Inn® and the recently-acquired AmericInn. Wyndham Rewards®, named a best hotel rewards program for the past three consecutive years by U.S. News and World Report, offers more than 53 million members the opportunity to earn and redeem points at more than 30,000 hotels, condos and homes globally. For more information, visit www.wyndhamworldwide.com.

Contact:
Jamie Kokoska
jkokoska@ahipreit.com
(604) 670-6242

Gabriella Chiera
Gabriella.chiera@wyn.com
(973) 753-6590

Coming Up In The December Online Hotel Business Review




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