Wyndham Boosts Europe Footprint With $44 Million Vienna House Deal
Photo Caption: Interior of a Vienna House hotel in Bucharest. Source: Vienna House.
Skift Take
American tourists aren't the only ones taking advantage of the strong U.S. dollar with shopping trips to Europe. Wyndham has now done a tuck-in acquisition that deepens its franchise portfolio in Central Europe. Another overseas deal within the year is more likely than not.
Wyndham Hotels & Resorts bought Vienna House—a group of 40 hotels in Europe—from Berlin-based HR Group for $44 million (€44 million) on Thursday.
Vienna House has upscale and midscale properties and more than 6,000 rooms. It gives Wyndham more of a presence in Europe — particularly in Germany, where Vienna House
