On October 28, 2024, Wyndham Hotels & Resorts announced a 10-year development relationship with Reside, a residential hospitality management company, to introduce 'Wyndham Residences' in the U.S. This initiative aims to provide contemporary, upscale residence-style accommodations in urban destinations.
Initial deals under this partnership will bring five residence-style properties to key U.S. cities, including Houston and Washington D.C. This move expands Wyndham's extended-stay offerings, catering to guests seeking longer-term stays with home-like comforts.
The collaboration leverages Reside's expertise in residential hospitality to enhance Wyndham's portfolio in a growing segment. This strategic expansion is expected to contribute to Wyndham's overall system growth and revenue diversification.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.