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Wyndham Completes Purchase of USFS

Published Tuesday, July 22, 2008

Wyndham Worldwide Corporation completed its purchase of U.S. Franchise Systems, Inc. from a subsidiary of Global Hyatt Corporation Monday for $131 million.   Wyndham now has a dozen brands with nearly 7,000 hotels on six continents with the addition of the Microtel Inns & Suites and Hawthorn Suites brands. Microtel is a chain of 298 all-new-construction economy hotels with 35 more under construction, while Hawthorn Suites is a chain of 91 extended-stay hotels.   Wyndham chairman and CEO Stephen P. Holmes says the acquisition "is a great fit for Wyndham Worldwide. It further ...

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