RLH Corporation has announced its acquisition of the Knights Inn hotel brand from Wyndham Hotel Group. The $27 million deal is expected to close in the second quarter of 2018, and remains subject to post-closing adjustments. Knights Inn operates a portfolio of more than 350 North American locations and holds nearly 50 in its development pipeline.
“The acquisition of Knights Inn enhances RLH Corporation’s position as one of the 10 largest hotel franchisors in the world,” says RLH president and CEO Greg Mount. “This acquisition will increase our franchise units by over 30 percent, and we will continue to grow the brand aggressively as we have demonstrated with our other brands.”
“Wyndham helped grow Knights Inn into a nationally known name with more than 350 hotels throughout the U.S. and Canada,” adds Wyndham Hotel Group president and CEO Geoff Ballotti. “While we’re proud of what we’ve been able to accomplish, we believe now is the right time to make this move and are confident that RLH Corporation will only continue to support and grow the brand.”
