PARSIPPANY, NJ -- (Marketwire) -- 08/20/08 -- Wyndham Hotel Group today said it has signed
a non-exclusive agreement with Green Hospitality Management Co. LTD of
Tokyo to open nine hotels in Japan during the next five years under the
Ramada® and Days Inn® lodging brands.
The hotels will be developed, managed or both developed and managed by
Green Hospitality Management, a subsidiary of the Green House Co. Ltd., a
Japanese hospitality company whose businesses include contract food
service, the operation of 500 Japanese and Chinese specialty restaurants
and the management of 14 hotels.
The agreement, signed in London last week, promises to quadruple Wyndham
Hotel Group's current presence in Japan. The company currently franchises
three hotels in Japan: the Ramada Sapporo, Ramada Osaka and Ramada Kansai
International Airport, south of Osaka.
"To overcome the cultural, governmental and practical constraints of doing
business in Japan, it is critically important to partner with a local
company that has demonstrated its ability to grow and maintain a successful
analogous business in that country," said Tom Monahan, Wyndham Hotel Group
executive vice president, international development.
"Green Hospitality Management is an ideal partner for us because they have
the requisite hospitality background to develop and manage our Ramada and
Days Inn brands," he said. "We appreciate their enthusiasm, confidence and
experience and look forward to a very productive relationship."
Toru Nakadate, Green Hospitality Management president and chief executive
officer, said his company selected the Ramada and Days Inn brands based on
their proven and anticipated ability to perform in Japan and recognition
among international travelers. "The Days Inn and Ramada brands are known
and respected worldwide," he said.
Green House Co. Ltd., founded in 1947, employs 24,000 at 2,000 locations
including restaurants and hotels.
Wyndham Hotel Group, one of three principal components of Wyndham Worldwide
Corporation (NYSE: WYN), encompasses nearly 7,000 hotels representing more
than 581,000 rooms in 65 countries on six continents under the Wyndham®,
Ramada®, Days Inn®, Super 8®, Wingate® by Wyndham, Baymont Inn &
Suites®, Microtel Inns and Suites®, Hawthorn Suites®, Howard
Johnson®, Travelodge®, Knights Inn® and AmeriHost Inn® brands. All
hotels are owned individually and operated independently or by Wyndham
Hotel Management. Wyndham Hotel Group is based in Parsippany, N.J.
Additional information is available at www.wyndhamworldwide.com.
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