Wyndham Hotel Group, a subsidiary of Wyndham Worldwide, has acquired Dolce Hotels and Resorts for US$57 million in cash. Dolce’s portfolio consists of 24 properties and more than 5,500 guestrooms across seven countries in Europe and North America.
The acquisition will expand Wyndham’s managed portfolio by about 40% with a larger presence in the group and meetings segment. Wyndham also plans to maintain and grow the Dolce brand along with its service technology and F&B products as part of its existing portfolio of brands.
“Dolce is a terrific strategic fit for us,” said Geoff Ballotti, president and CEO of Wyndham Hotel Group. “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.”
Morgan Stanley & Co. was the exclusive advisor to the seller in the transaction.