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Wyndham Acquires Dolce Hotels and Resorts

Travel News Asia Latest Travel News Podcasts Videos Tuesday, 3 February 2015
 

Wyndham Hotel Group has acquired Dolce Hotels and Resorts, a provider and manager of group accommodations with a portfolio of 24 properties and over 5,500 guestrooms across seven countries in Europe and North America, for US$57 million in cash.

This acquisition allows Wyndham Hotel Group to expand its managed portfolio by nearly 40% with a significantly larger presence in the group and meetings segment.

Wyndham Hotel Group plans to maintain and grow the Dolce brand along with its signature service, technology and F&B products as part of its existing portfolio of brands.

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.

Morgan Stanley & Co. LLC acted as exclusive financial advisor to the seller in connection with the transaction.

Dolce Hotels and Resorts

Dolces portfolio of hotels, resorts, conference centers and day meeting centers offer 750,000 square feet of meeting space, host approximately 100,000 events and welcome four million meeting clients each year.

The Dolce system includes meeting and resort destinations around the world in markets such as Napa Valley and Aspen in North America and international locations such as Barcelona, Brussels, Munich, Frankfurt, Paris and Provence.

These locations will complement the expanding presence of Wyndham Grand meeting destinations in markets such as Chicago, Miami, Berlin, Doha, Hangzhou and Xian, China, giving meeting planners a wide array of options within the same system.

Many properties are certified by the International Association of Conference Centers (IACC).

Dolce Hotels, Wyndham

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