Parsippany. Wyndham Worldwide announced that its Wyndham Hotel Group business unit had agreed to acquire the Tryp hotel brand from Sol Meliá Hotels & Resorts. In addition, Wyndham will enter into a license agreement with the current 91 Tryp hotels located throughout Europe and South America that will continue to be owned, operated, managed or licensed by Sol Meliá. The Tryp by Wyndham brand would join Wyndham Hotel Group and its 11 other hotel brands, which encompass nearly 7,100 hotels and 593,300 rooms in 65 countries. Wyndham Hotel Group and Sol Meliá will form a strategic alliance to work together to develop the Tryp brand globally and market the hotels cooperatively through their central reservations systems and loyalty programs. The brand is expected to be renamed Tryp by Wyndham. The acquisition price is approximately 43 mn USD, subject to adjustments. Sol Meliá will continue to operate hotels, resorts and vacation clubs under its seven other owned brands. “This acquisition reflects our strategy to invest in our fee-for-service businesses and supplement organic growth with complementary brands,” said Stephen P. Holmes, chairman and chief executive officer of Wyndham Worldwide.
