Wyndham Hotels & Resorts announced on November 14, 2024, a partnership with investment firm Lafayette Square to enhance access to capital for diverse hoteliers. Through this exclusive relationship, Wyndham will connect qualified owners with Lafayette Square, which aims to provide up to $100 million in combined financing over the coming years.
This initiative is designed to help hoteliers move forward with projects that might otherwise be stalled due to a lack of traditional financing options. The first deal under this partnership has already been executed with Dr. Amina James for the development of the first Wyndham hotel in Lake Charles, Louisiana.
The collaboration underscores Wyndham's commitment to its 'OwnerFirst' philosophy and its efforts to foster greater diversity in hotel ownership. By addressing financing challenges, Wyndham aims to support the growth and success of its franchisee network.
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