Wyndham Hotel Group, the world's largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), last week announced the signing of a franchise agreement for the first resort in Costa Rica to fly the upscale Wyndham Hotels and Resorts® brand flag, the Wyndham Papagayo Yu Resort in Guanacaste.
The 151-room property, owned by ASECCSS, is currently under development in one of the most popular vacation destinations in Latin America and is scheduled to open by the end of 2015. It will be a mixed-use resort affiliated with RCI, the worldwide leader in vacation exchange and part of Wyndham Hotel Group's sister company, Wyndham Exchange & Rentals.
Wyndham Hotel Group has expanded its Wyndham Hotels and Resorts brand in key resort markets throughout Central America in recent years as part of its larger strategy to expand the flagship brand's presence throughout Latin America. Since 2012, two Wyndham®-branded resorts in Panama have joined the portfolio and the first Wyndham resort in Nicaragua is scheduled to open in 2015. Elsewhere in Latin America, the first Wyndham hotels opened in Ecuador, Colombia and Peru last year.
Upon opening, Wyndham Papagayo Yu Resort will join two city-center Wyndham properties currently open in Costa Rica, Wyndham Garden San Jose Escazú and Wyndham San Jose Herradura.
"A key factor in our growth in Latin America and the Caribbean is further expanding the Wyndham brand's resort offerings in key leisure destinations," said Paulo Pena, president and managing director of Latin America for Wyndham Hotel Group. "Guanacaste's popularity among international travelers as a top vacation spot makes it an essential location for us to be present. We're thrilled to work with ASECCSS to break ground on Wyndham Papagayo Yu Resort, which will be a beautiful retreat for travelers and a shining example of the resort experience the Wyndham brand offers."
Wyndham Papagayo Yu Resort will be situated along Playa Panamá in Guanacaste, an area known for pristine beaches, world-class surfing and lively culture. The resort is conveniently located just 12.5 miles from Liberia International Airport and will give guests immediate access to the region's attractions, including Arenal Volcano, Hanging Bridges and numerous national parks, as well as countless sporting and adventure activities, tours and wildlife.
Resort services and amenities will include two on-site restaurants, shops, a pool, sports courts, a gym and a spa. All guest accommodations, comprised of standard and junior suites, will offer ocean views.
Wyndham Hotel Group is focused on expanding its brands' footprints in Latin America. As of June 30, 2014, the Hotel Group had 127 hotels open in Latin America and the Caribbean, 14 of which operate in four Central American countries under the Howard Johnson® (one hotel), Ramada® (two hotels), TRYP by Wyndham® (four hotels) and Wyndham Hotels and Resorts (seven hotels) brand flags.
Guests staying at the hotel who are members of Wyndham Rewards®, the free-to-join guest loyalty program of Wyndham Hotels and Resorts and parent company Wyndham Hotel Group, will be able to earn valuable points during their stay. Points may be redeemed for a wide variety of reward options including free hotel stays, air travel, gift cards for leading retailers and restaurants and more. Information is available at www.wyndhamrewards.com.
About Wyndham Hotels and Resorts
Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), offers upscale hotel and resort accommodations at more than 170 properties throughout the United States, Canada, Mexico, Central and South America, the Caribbean, Europe, the Middle East and China. All Wyndham® hotels are either franchised by Wyndham Hotels and Resorts, LLC or one of its affiliates, or managed by Wyndham Hotel Management, Inc. or one of its affiliates. Additional information and reservations for all Wyndham hotels are available by visiting www.wyndham.com.
About Wyndham Hotel Group
Wyndham Hotel Group, part of Wyndham Worldwide Corporation (NYSE: WYN), is the world's largest and most diverse hotel company with approximately 7,540 hotels and 650,200 rooms in 71 countries under the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inn & Suites by Wyndham®, Hawthorn Suites by Wyndham®, TRYP by Wyndham®, Howard Johnson®, Travelodge® and Knights Inn®. In addition, the company has a license agreement to franchise the Planet Hollywood Hotels brand and provide management services globally.
All hotels are independently owned and operated excluding certain hotels which are owned or managed by an affiliate of Wyndham Hotel Group.
Wyndham Rewards®, the guest loyalty program of Wyndham Hotel Group, is the world's largest lodging loyalty program as measured by number of participating hotels. It offers over 37 million members the opportunity to earn valuable points for qualified stays at more than 7,000 hotels in 50 countries. In addition to free stays, members may redeem their points for hundreds of reward options. For more information, visit www.wyndhamrewards.com.
Wyndham Hotel Group is based in Parsippany, New Jersey, U.S. Additional information is available at www.wyndhamworldwide.com. For more information about hotel franchising opportunities visit www.whgdevelopment.com.
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