Wyndham Hotels & Resorts, Inc. - WH STOCK NEWS

Wyndham Hotels & Resorts announced the opening of its first Dolce hotel in Türkiye, Dolce by Wyndham Çeşme Alaçatı, alongside La Quinta by Wyndham Çeşme and Wyndham Datça Perili Bay. These openings, in collaboration with DRD Hotels, expand Wyndham's Turkish portfolio to nearly 120 hotels. The new hotels offer upscale amenities, such as state-of-the-art fitness centers, spas, and on-site dining. Located in popular tourist areas, these properties cater to both leisure and business travelers. The expansion supports Wyndham's strategy to enhance its presence in key markets, leveraging its global reach and Wyndham Rewards program, which boasts 108 million members.

Wyndham Hotels & Resorts (NYSE: WH) will report its second quarter 2024 earnings on July 24, 2024, at approximately 4:30 p.m. ET. Following the earnings release, the company will host a conference call and webcast on July 25, 2024, at 8:30 a.m. ET to discuss the results and the company's business outlook. The call will be led by CEO Geoff Ballotti and CFO Michele Allen. Listeners can access the live webcast on the company's website or join via phone by providing the passcode 'Wyndham.' A replay will be available for ten days starting at noon ET on July 25, 2024.

Wyndham Hotels & Resorts is the world's largest hotel franchising company with approximately 9,200 hotels across over 95 countries. It operates 25 hotel brands and has a strong presence in the economy and midscale segments. The company’s loyalty program, Wyndham Rewards, has around 108 million enrolled members globally.

Wyndham Rewards has introduced the Ultimate Hotel Pass, offering 30 nights of hotel stays for $499 plus tax, valid through September 30, 2024. The pass grants access to nearly 9,200 hotels and resorts, including Caesars Rewards and Club Wyndham destinations, with blackout dates and a dedicated concierge for reservations. Only 25 passes are available, and registration is required by July 4, 2024, for a chance to purchase when they go on sale on July 8, 2024. Travelers must be 18, U.S. residents, and Wyndham Rewards members. Stays must be completed by October 1, 2024.

Wyndham Rewards, in partnership with the City of Greensboro and First Tee – Central Carolina, has selected artist Vincent Ballentine to design a mural at Gillespie Golf Course in Greensboro, NC. The mural will honor the Greensboro Six, who played a pivotal role in the Civil Rights Movement by integrating the course in 1955. Ballentine's concept emphasizes the historical and ongoing community impact of Gillespie, notably through the First Tee program. The mural will be unveiled on August 5, 2024, ahead of the 85th Annual Wyndham Championship.

sbe, led by Sam Nazarian, announces the launch of Project HQ Hotels & Residences in partnership with Wyndham Hotels & Resorts. Initial locations include Montreux, Switzerland, and Detroit, Michigan. The project aims to redefine lifestyle hotels with a blend of cultural and smart lifestyle elements. Strategic investments from Marc Anthony's Magnus enhance appeal to Millennials, Gen-Z, and Latin communities. A $50 million fund supports expansion, with 15+ hotels under discussion and plans for 10 more across the Caribbean and US Sun Belt. The Montreux property will feature two restaurants, a cocktail bar, a spa, and large event spaces. Detroit's property will include 174 rooms, a specialty restaurant, and quick-service delivery. The project benefits from Wyndham's technology and rewards programs, enhancing guest experiences and operational efficiency.

Wyndham Hotels & Resorts (NYSE: WH) has completed a successful debt repricing and upsizing of its $1.1 billion Senior Secured Term Loan B Facility, now totaling $1.5 billion, with an interest rate of SOFR + 1.75%. This repricing will save the company approximately $6 million annually in interest expenses. The loan was increased by $400 million due to strong investor demand, highlighting confidence in Wyndham's business model. Proceeds will be used for general corporate purposes, including repayment of revolving credit facility. No changes were made to maturities or covenants.

Wyndham Hotels & Resorts (NYSE: WH) has appointed Amit Sripathi as Chief Development Officer, reporting to CEO Geoff Ballotti. Sripathi will lead the North American franchise sales team, focusing on expanding Wyndham's midscale-and-above portfolio and its select-service segments. Sripathi's experience in mergers & acquisitions and capital markets will be instrumental in this role. During his tenure at Wyndham, he has helped divest owned and managed segments, resulting in a pure-play U.S. franchise business. With a record development pipeline and 15 consecutive quarters of organic net room growth, Sripathi aims to build on Wyndham's market-leading position. Outgoing Chief Development Officer Chip Ohlsson will leave in June after significantly expanding Wyndham's brand portfolio and championing diversity initiatives.

Wyndham Hotels & Resorts has partnered with Decameron All Inclusive Hotels & Resorts, adding over 2,600 rooms across nine new resorts in Mexico, Panama, and Jamaica to its all-inclusive portfolio, which now includes more than 50 resorts globally.

Decameron will continue to own and operate the resorts, benefiting from Wyndham's marketing, technology, and distribution platforms. The alliance integrates these resorts into Wyndham's award-winning Wyndham Rewards program, offering members enhanced redemption options.

The new resorts will join either the Trademark Collection or Ramada by Wyndham brands, providing diverse travel experiences combined with cultural immersion and extensive amenities.

Wyndham Hotels & Resorts, Inc. (NYSE: WH) declared a quarterly cash dividend of $0.38 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024. Wyndham Hotels & Resorts is the largest hotel franchising company globally with approximately 9,200 hotels in over 95 countries. The Company operates a portfolio of 25 hotel brands and offers the award-winning Wyndham Rewards loyalty program to approximately 108 million members.