Wyndham Hotel Group has acquired Dolce Hotels and Resorts, which has a portfolio of 24 properties and more than 5,500 guestrooms in Europe and North America.
This acquisition is consistent with Wyndham’s core asset-light strategy, and allows the company to expand its managed portfolio by nearly 40 percent with a significantly larger presence in the group and meetings segment.
“Dolce is a terrific strategic fit for us,” says Geoff Ballotti, president and CEO of Wyndham Hotel Group. “Dolce has a long, successful history of award-winning innovation in conference planning and management. 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.”
“Steven Rudnitsky, our president and CEO, and I have consistently looked for strategic opportunities to grow Dolce in a way that preserves the brand, continues our focus on meetings, and benefits our property owners,” says Philip F. Maritz, chairman of Dolce Hotels and Resorts. “When Wyndham Worldwide agreed to just such an approach with Dolce, Rudnitsky and his senior leadership team concurred that the acquisition would achieve our objectives and provide the best future for all our stakeholders.”
