Wyndham to acquire Tryp from Sol Melia for £30m

Wyndham Hotel Group is to acquire the Tryp hotel brand from Sol Melia Hotels & Resorts for about £30m.

Wyndham to acquire Tryp from Sol Melia for £30m
Wyndham to acquire Tryp from Sol Melia for £30m

Wyndham will also enter into a licence agreement with the existing 91 Tryp hotels in Europe and South America, in which Sol Melia continues to have an involvement.

Wyndham and Sol Melia plan to form a strategic alliance to develop the Tryp brand globally and market the hotels through central reservations systems and loyalty programmes.

The brand is likely to be renamed Tryp by Wyndham, and Wyndham Worldwide chairman and chief executive Stephen Holmes said the acquisition would significantly increase its international platform.

"The addition of more than 90 high-performing hotels in key international cities enhances and accelerates the recent momentum of the Wyndham Hotel Group," he said.

 

 

 

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