Wyndham grows new-construction pipeline
Wyndham Hotels & Resorts has continued strong momentum in new construction for its newly introduced prototypes and dual-branded hotels. In the 12 months from April 2020-March 2021, Wyndham has executed nearly 100 new-construction deals across the U.S., achieving approximately 90% of the previous 12 months’ pre-pandemic levels. The company’s new-construction pipeline now includes over 260 hotels that are currently under construction contributing to an overall new-construction pipeline of 950 hotels, which will add approximately 140,000 rooms to its domestic and international portfolio.
La Quinta by Wyndham Del Sol prototype
In the second quarter of this year alone, La Quinta by Wyndham has opened or is scheduled to open six new-construction, upper-midscale Del Sol prototype hotels in Corpus Christi and Terrell, TX (opened); Littleton, CO (opened); Shorewood, IL (opened); San Antonio (scheduled to open later this month); and Nashville (scheduled to open later this month).
Interest for the Del Sol prototype has soared, according to Wyndham, with developers attracted to the sleek design, adaptable layout and La Quinta’s strong RevPAR performance relative to its competition throughout the COVID-19 pandemic. The brand recently announced the opening of its 120th La Quinta Del Sol prototype hotel. Additional upcoming Del Sol prototype openings include La Quinta by Wyndham Round Rock East in Texas and La Quinta by Wyndham Maricopa—Copper Sky in Arizona.
Microtel by Wyndham Moda prototype
With three recent U.S. openings, including the Microtel Inn and Suites by Wyndham Milford in Delaware, and the brand’s Moda prototype debut in Canada with the Microtel Inn & Suites by Wyndham Lac-Megantic in Quebec, the new Microtel by Wyndham Moda prototype remains on a steady growth trajectory with approximately 110 hotels in its development pipeline. The Moda prototype is the first of its kind in the economy select-service segment, designed to be very cost efficient to build for a brand that punches above its weight with an industry leading RevPAR Index of 115%, according to the company. Moda reduces Microtel’s total footprint by nearly 30% vs. the prior prototype and delivers more than 70% of rentable space.
La Quinta/Hawthorn Suites dual-brand concept
The new La Quinta and Hawthorn Suites dual-brand concept has also seen great growth momentum, with nearly 35 of these properties in its development pipeline in markets such as Yuma, AZ; Wichita, KS; and Charlotte, NC. This strategic hotel pairing allows owners to target both business transient and extended-stay guests, with streamlined development and operational costs, the company reports. The concept includes shared lobby, modern great room, fitness center, bar, amenities and back-of-house spaces.
“These design-forward and efficient prototype models are key for Wyndham’s new-construction strategy, and we’re seeing continued demand from developers who are looking for significant brand recognition and strong performance,” said Chip Ohlsson, chief development officer, Wyndham Hotels & Resorts. “Owners have a great opportunity to diversify their customers within the Wyndham portfolio, with different brands that reach distinct audiences, capitalizing on both the leisure and business markets.”