Real estate and hospitality veteran to lead
Wyndham's accelerating growth strategy
PARSIPPANY, N.J., May 17, 2024
/PRNewswire/ -- Wyndham Hotels & Resorts (NYSE: WH) appointed
Amit Sripathi Chief Development
Officer reporting to the Company's President and Chief Executive
Officer, Geoff Ballotti. Sripathi
will lead Wyndham's North American franchise sales team as they
help hotel owners tap into the power of the world's largest hotel
franchise company and its iconic brands.
"Amit's deep experience in mergers & acquisitions and
capital markets focused on the real estate and hospitality sectors
at Deutsche Bank and RLJ Lodging are instrumental as we increase
our focus on growing our midscale-and-above portfolio while
reinforcing our leading position in the resilient select-service
segments," said Ballotti. "Since joining Wyndham, Amit has
demonstrated a strategic approach to growth. He's helped divest our
owned and managed segments leading to a pure-play U.S. franchise
business and worked with our sales teams across the country and
around the world deploying over $250
million in development support for our owners. He hits the
ground running, knowing what our franchise sales teams need to
continue outperforming expectations."
"With 15 consecutive quarters of organic net room growth and our
largest development pipeline ever, it's clear that existing and
prospective franchisees appreciate Wyndham's market-share leading
brands and the world-class sales, marketing and distribution
systems curated for their individual needs," said Sripathi.
"Together with the best franchise sales team Wyndham has ever
assembled, we will help even more owners discover the power of
partnering with Wyndham and experiencing our
Owner-FirstSM approach."
After a successful career, which began at Wyndham's predecessor
company, Hospitality Franchise Systems, Chip Ohlsson, Chief Development Officer, will be
leaving the Company in June. During his tenure, Chip helped expand
the Wyndham portfolio from 14 to 25 brands including ECHO Suites
Extended Stay by Wyndham, the industry's fastest-growing,
new-construction brand launch. A champion for diversity on the
franchise sales team and for owners, Chip was instrumental in
creating groundbreaking programs like Women Own the
RoomSM (an industry first) and BOLD SM by
Wyndham, which help make our industry more diverse while bringing
new owners into the Wyndham family.
"From launching his sales career with us in 1993, to returning
nearly ten years ago to lead our North
America franchise sales teams, Chip has shown unwavering
commitment to Wyndham and our franchisees," said Ballotti. "We are
extremely grateful for his proven leadership and ability to
attract, promote and develop a best-in-class sales team that
consistently delivers, and we wish him all the best."
Images associated with the above release can
be downloaded here.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company by the number of properties, with approximately 9,200
hotels across over 95 countries on six continents. Through its
network of approximately 876,000 rooms appealing to the everyday
traveler, Wyndham commands a leading presence in the economy and
midscale segments of the lodging industry. The Company operates a
portfolio of 25 hotel brands, including Super 8®, Days
Inn®, Ramada®, Microtel®, La
Quinta®, Baymont®, Wingate®,
AmericInn®, Hawthorn Suites®, Trademark
Collection® and Wyndham®. The Company's
award-winning Wyndham Rewards loyalty program offers over 106
million enrolled members the opportunity to redeem points at
thousands of hotels, vacation club resorts and vacation rentals
globally. For more information,
visit www.wyndhamhotels.com.
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SOURCE Wyndham Hotels & Resorts