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Wyndham Debuts Accelerator Circle; Strengthens Community Connections for Diverse Hoteliers

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Wyndham Hotels & Resorts has launched Accelerator Circle, a new initiative to enhance its BOLD (Black Owners and Lodging Developers) and Women Own the Room programs. This initiative provides exclusive access to Wyndham's network of existing owners and industry experts through quarterly, small-group virtual meetups. The Accelerator Circle aims to fast-track hotel openings and maximize performance for diverse hoteliers.

The BOLD and Women Own the Room programs have already resulted in over 90 hotel deals with Black and women hoteliers, with more than 20 hotels now open. The Accelerator Circle will focus on topics such as securing financing, hotel renovations, development, and operations. The first session will be led by WaterWalk CEO Mimi Oliver, discussing how to optimize relationships with franchisors.

Wyndham Hotels & Resorts ha lanciato Accelerator Circle, una nuova iniziativa per migliorare i suoi programmi BOLD (Black Owners and Lodging Developers) e Women Own the Room. Questa iniziativa offre accesso esclusivo alla rete di proprietari esistenti e esperti del settore di Wyndham attraverso incontri virtuali trimestrali in piccoli gruppi. L'Accelerator Circle mira a accelerare le aperture degli hotel e a massimizzare le performance per gli albergatori delle diverse etnie.

I programmi BOLD e Women Own the Room hanno già portato a oltre 90 accordi di hotel con albergatori neri e donne, con più di 20 hotel già aperti. L'Accelerator Circle si concentrerà su temi come ottenere finanziamenti, ristrutturazioni di hotel, sviluppo e operazioni. La prima sessione sarà condotta da Mimi Oliver, CEO di WaterWalk, che discuterà su come ottimizzare i rapporti con i franchisor.

Wyndham Hotels & Resorts ha lanzado Accelerator Circle, una nueva iniciativa para mejorar sus programas BOLD (Black Owners and Lodging Developers) y Women Own the Room. Esta iniciativa proporciona acceso exclusivo a la red de propietarios existentes y expertos de la industria de Wyndham a través de encuentros virtuales trimestrales en grupos pequeños. El Accelerator Circle tiene como objetivo acelerar la apertura de hoteles y maximizar el rendimiento de los hoteleros diversos.

Los programas BOLD y Women Own the Room ya han resultado en más de 90 acuerdos hoteleros con hoteleros negros y mujeres, con más de 20 hoteles ya abiertos. El Accelerator Circle se enfocará en temas como asegurar financiamiento, renovaciones de hoteles, desarrollo y operaciones. La primera sesión será dirigida por Mimi Oliver, CEO de WaterWalk, que discutirá cómo optimizar las relaciones con los franquiciadores.

윈덤 호텔 & 리조트가 액셀러레이터 서클을 출시했습니다. 이는 BOLD (흑인 소유자 및 숙박 개발자) 및 여성의 방 소유 프로그램을 향상시키기 위한 새로운 이니셔티브입니다. 이 이니셔티브는 분기별 소규모 가상 모임을 통해 윈덤의 기존 소유자 및 업계 전문가 네트워크에 독점 액세스를 제공합니다. 액셀러레이터 서클은 호텔 개장 속도를 높이고 성과를 극대화하는 것을 목표로 하고 있습니다.

BOLD와 여성 소유의 방 프로그램은 이미 90개 이상의 호텔 계약을 성사시켰으며, 20개 이상의 호텔이 현재 개장되었습니다. 액셀러레이터 서클은 자금 확보, 호텔 리노베이션, 개발 및 운영과 같은 주제에 집중할 것입니다. 첫 번째 세션은 워터워크의 CEO 미미 올리버가 이끌며, 프랜차이저와의 관계를 최적화하는 방법에 대해 논의할 것입니다.

Wyndham Hotels & Resorts a lancé Accelerator Circle, une nouvelle initiative pour améliorer ses programmes BOLD (Black Owners and Lodging Developers) et Women Own the Room. Cette initiative offre un accès exclusif au réseau de propriétaires existants et d'experts de l'industrie de Wyndham grâce à des rencontres virtuelles trimestrielles en petits groupes. L'Accelerator Circle vise à accélérer l'ouverture des hôtels et à maximiser la performance des hôteliers divers.

Les programmes BOLD et Women Own the Room ont déjà abouti à plus de 90 accords hôteliers avec des hôteliers noirs et féminins, avec plus de 20 hôtels déjà ouverts. L'Accelerator Circle se concentrera sur des sujets tels que la sécurisation de financements, les rénovations d'hôtels, le développement et les opérations. La première session sera animée par Mimi Oliver, PDG de WaterWalk, qui discutera de l'optimisation des relations avec les franchiseurs.

Wyndham Hotels & Resorts hat Accelerator Circle ins Leben gerufen, eine neue Initiative zur Verbesserung seiner BOLD (Black Owners and Lodging Developers) und Women Own the Room-Programme. Diese Initiative bietet exklusiven Zugang zu Wyndham's Netzwerk bestehender Eigentümer und Branchenspezialisten durch vierteljährliche, kleine virtuelle Treffen. Der Accelerator Circle zielt darauf ab, Hotelöffnungen zu beschleunigen und die Leistung für vielfältige Hotelbesitzer zu maximieren.

Die Programme BOLD und Women Own the Room haben bereits zu über 90 Hotelgeschäften mit schwarzen und weiblichen Hotelbetreibern geführt, wobei mehr als 20 Hotels bereits geöffnet sind. Der Accelerator Circle wird sich auf Themen wie Finanzierung, Hotelrenovierungen, Entwicklung und Betrieb konzentrieren. Die erste Sitzung wird von Mimi Oliver, CEO von WaterWalk, geleitet, die erörtern wird, wie man Beziehungen zu Franchisegebern optimiert.

Positive
  • Launch of Accelerator Circle to support diverse hoteliers
  • Over 90 hotel deals with Black and women hoteliers through BOLD and Women Own the Room programs
  • More than 20 hotels now open under these initiatives
  • Exclusive access to Wyndham's network of existing owners and industry experts
  • Quarterly, small-group virtual meetups for franchisees
Negative
  • None.

Enhancing Wyndham's BOLD and Women Own the Room initiatives, franchisees unlock exclusive access to industry experts to help support successful ownership

PARSIPPANY, N.J., Oct. 7, 2024 /PRNewswire/ -- Networking for Wyndham's Black Owners and Lodging Developers (BOLD) and Women Own the Room franchisees just got easier with access to peer-to-peer connections and expert mentorship. Created on the foundation of building community for diverse hoteliers, the new Accelerator Circle gives BOLD and Women Own the Room franchisees exclusive access to Wyndham's network of existing owners and industry experts through quarterly, small-group virtual meetups focused on fast-tracking hotel openings and maximizing performance.

From networking and education to operational support and complimentary services to help maximize revenue, BOLD and Women Own the Room offer tailored solutions to help break down the common barriers each group faces when pursuing hotel ownership. Together, BOLD and Women Own the Room have resulted in more than 90 hotel deals with Black and women hoteliers with more than 20 hotels that are now open. With Accelerator Circle, Wyndham leverages its position as the world's largest hotel franchisor to reinforce its commitment of bringing greater diversity to hospitality.


"Navigating hotel ownership isn't easy, with many owners facing the same challenges over and over. Wyndham's Accelerator Circle connects a dynamic community for Black and women entrepreneurs who haven't always had the support of our industry. It's a space for owners to exchange knowledge, learn from seasoned pros, and the expected result? A more diverse industry with a new wave of empowered, savvy owners."

- Galen Barrett, VP, Strategic Franchise Initiatives, Wyndham Hotels & Resorts


Accelerating Ownership Through Community
Created to help entrepreneurs from the time they consider hotel ownership all the way through opening a hotel, both BOLD and Women Own the Room put a key emphasis on fostering an interactive community that supports greater diversity in hospitality. With Accelerator Circle, Wyndham takes the focus to the next level by facilitating connection among its BOLD and Women Own the Room owners, allowing them to learn from shared experiences and grow together as an engaged community.

In line with its Owner First approach to franchising, Accelerator Circle sessions will focus on topics that come directly from franchisees, including securing financing, hotel renovations, development and operations, among others. Sessions will be led by industry professionals—spanning Wyndham team members, industry experts and owner peers—facilitating strategic, peer-to-peer discussions and providing insights focused on the real-time concerns owners face today.

Kicking off the series for Accelerator Circle this fall, WaterWalk CEO Mimi Oliver will lead a discussion focused on optimizing relationships with franchisors. During her tenure, Mimi has overseen the development, opening and operations for numerous hotels, raised more than $100 million in equity for the company, and most recently, joined forces with Wyndham as the Company's 25th brand, WaterWalk Extended Stay by Wyndham. Along with being a trailblazer as a woman executive in the industry, she's witnessed the incredible success of her late grandfather, Jack DeBoer, the extended-stay pioneer who led the way for the segment. Future sessions will be hosted by other industry professionals with topics spanning fundraising, construction and renovation, creating an optimal staffing model and more.


"Hotel ownership is challenging, and I've seen firsthand how valuable it is to have a circle of supporters to help navigate those difficulties and drive success. I was drawn to Wyndham because of their dedication to increasing diversity in hospitality, and Accelerator Circle is one meaningful way I can give back to inspire future generations—especially those who might not see a clear path—to join our fantastic industry."

- Mimi Oliver, CEO, WaterWalk


To learn more about Accelerator Circle, see here. For more information on franchising opportunities with Wyndham, visit www.wyndhamdevelopment.com. To learn more about BOLD and Women Own the Room, visit www.womenowntheroombywyndham.com and www.BoldbyWyndham.com.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of nearly 885,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers approximately 110 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit wyndhamhotels.com.

 

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SOURCE Wyndham Hotels & Resorts

FAQ

What is Wyndham's Accelerator Circle?

Wyndham's Accelerator Circle is a new initiative that provides BOLD and Women Own the Room franchisees exclusive access to Wyndham's network of existing owners and industry experts through quarterly, small-group virtual meetups focused on fast-tracking hotel openings and maximizing performance.

How many hotel deals have resulted from Wyndham's BOLD and Women Own the Room programs?

Wyndham's BOLD and Women Own the Room programs have resulted in more than 90 hotel deals with Black and women hoteliers, with more than 20 hotels now open.

Who will lead the first Accelerator Circle session for Wyndham (WH)?

The first Accelerator Circle session for Wyndham (WH) will be led by WaterWalk CEO Mimi Oliver, focusing on optimizing relationships with franchisors.

What topics will Wyndham's Accelerator Circle sessions cover?

Wyndham's Accelerator Circle sessions will cover topics such as securing financing, hotel renovations, development, operations, and other areas based on franchisee input.

Wyndham Hotels & Resorts, Inc.

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