Alliance Hospitality Acquires Wyndham Bay Point Resort
Luxury class property is the company's first acquisition
RALEIGH, NC - May 30, 2014 - Alliance Hospitality, a premier hotel management company, announced today that it has added the Wyndham Bay Point Resort in Panama City Beach, Florida to its growing portfolio. Alliance Hospitality joins a group of investors who have acquired the property. They will also manage the resort going forward. Rolf Tweeten, Chairman of the Board for Alliance Hospitality, made the announcement.
Opened in 1986, the 316-room villa-style, full-service resort and spa destination features an impressive list of amenities. These include two 18-hole championship golf courses, one of which was designed by Jack Nicklaus, a 12,000 square foot spa, two fitness centers, five clay tennis courts, five swimming pools, three restaurants, a lounge and 23,500 square feet of meeting space. Overlooking the beach and with access to a private strip of sand via a beautiful bay boardwalk the resort is readily accessible to a variety of local, county, state and interstate highways.
According to EJ Schanfarber, President and CEO of Alliance Hospitality, the company will soon begin making strategic investments that will enhance the overall guest experience. “We will make the Wyndham Bay Point Resort name synonymous with everything that defines a fantastic resort and desired destination. We will build on the property's history of success and are committed to taking what is now a great resort property and making it even better.”
As it relates to Alliance Hospitality's future growth plans, Tweeten said, “The addition of the Wyndham Bay Point Resort to Alliance Hospitality's portfolio adds a new dimension to our company's growth strategy. We will continue to work with owners and developers to manage high quality properties but we are also now opening the door to potential acquisitions and opportunities in the full-service, luxury class category. This will allow us to develop new relationships and continue to expand and diversify our portfolio.”
About Alliance Hospitality
Alliance Hospitality is an innovative next-generation hospitality management company, headquartered in Raleigh, North Carolina. Alliance was founded in 2003 to manage lodging assets for institutional investment groups, individual owners and lenders, and private equity groups. Alliance Hospitality provides value by developing the highest caliber hospitality professionals, and through implementing proprietary tools and unique processes to create and comprehensive hospitality management platform. The Alliance portfolio of full service, extended stay, all suite, and select service hotels includes hotels operating under agreements with Marriott, Hilton, IHG, Carlson, Wyndham, Choice, and Starwood Hotels and Resorts.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
