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| Geoff Ballotti |
PARSIPPANY, NJ – Wyndham Hotel Group, a subsidiary of
Wyndham Worldwide (NYSE: WYN), announced it has acquired Dolce Hotels and
Resorts, a leading 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 $57 million in cash.
“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.”
For a complete copy
of the company’s news release, please contact:
Michael Valentino
Vice President, Marketing and Communications
Wyndham Worldwide Corporation
+1 (973) 753-8372
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