Wyndham Signs 60 New ECHO Suites Hotels Across The U.S. And Canada
Portfolio Pulse from Happy Mohamed
Wyndham Hotels & Resorts has announced 60 new hotels for its ECHO Suites Extended Stay by Wyndham brand, including its first hotels in Canada. The new deals with established developers expand the brand's presence in Alabama, Iowa, Nebraska, and South Dakota, and grow the brand's global pipeline to 265 hotels and approximately 33,000 rooms. The company expects to have 100 hotels open over five years, with the brand's first locations beginning to contribute to Wyndham's overall portfolio in 2024.
July 25, 2023 | 12:28 pm
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Wyndham Hotels & Resorts' announcement of 60 new ECHO Suites hotels, including its first in Canada, expands its global pipeline to 265 hotels. This expansion could potentially increase the company's revenue and market share in the future.
The announcement of 60 new hotels under the ECHO Suites brand, including its first in Canada, represents a significant expansion for Wyndham. This could potentially increase the company's revenue and market share, especially as the brand's first locations are expected to start contributing to Wyndham's overall portfolio in 2024. Therefore, this news is likely to have a positive impact on Wyndham's stock in the short term.
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