SOURCE: Wyndham Hotel Group

March 08, 2007 11:10 ET

First Wyndham Hotel in China Will Open This Year in Xiamen

PARSIPPANY, NJ -- (MARKET WIRE) -- March 8, 2007 -- Wyndham Hotel Group, a member of the Wyndham Worldwide (NYSE: WYN) family of hospitality companies, today announced it will launch the Wyndham® brand in China during the fourth quarter this year with the opening of a newly constructed, 550-room, 26-floor luxury hotel that it will manage in Xiamen, Fujian Province.

The Wyndham Xiamen hotel, now under construction by the He Ping Li Hotel Company in the center of Xiamen, will feature three full-service restaurants, a 300-square-meter lounge, fitness room, sauna, pool and 1,500 square meters of meeting space including a 1,000-square-meter ballroom, boardroom and additional function rooms.

Yan Wen Liang, principal owner of He Ping Li Hotel Company, recently signed a 10-year agreement with Wyndham Hotel Group to manage the property.

Steven A. Rudnitsky, Wyndham Hotel Group president and chief executive officer, said the introduction of the Wyndham Hotels and Resorts brand in China fulfills a key corporate objective to begin developing the brand in Asia and establish a management capability to support those hotels.

"Our upscale Wyndham brand will ensure that we are represented in China's major segments along with our upper-midscale Ramada® hotels, upscale Days Inn® and Howard Johnson® hotels and upper-economy Super 8® brand," he said. "With 84 hotels representing nearly 14,500 rooms under four brands, Wyndham Hotel Group already is one of the largest U.S.-based hotel companies in China."

The Wyndham Xiamen hotel will be the group's first fully managed property in the Asia Pacific region. Rudnitsky said Wyndham Hotel Group's approach to developing hotels in China varies by brand including a joint-venture partnership to provide management services, master franchising and direct franchising.

"This flagship opportunity is a testament to the strength of the Wyndham brand and our management expertise," he said. "We anticipate strong growth of the Wyndham brand in China. Our overall strategy is to identify and pursue flagship Wyndham hotel properties in key international and gateway cities."

While the Wyndham brand is positioned in North America as an upscale product, the Wyndham Xiamen and other Wyndham hotels developed in China will be built to luxury standards.

Located along the southeast coast of China, Xiamen is a key gateway city and a favored destination for foreign investment. The city has commercial links with Hong Kong, Macau and Taiwan. Xiamen's primary economic activities include fishing, shipbuilding, food processing, tanning, textiles, machine tools manufacturing, chemical industries, financial and telecommunication services.

Xiamen is also a tourist city widely known for its seaport and coastline, according to the China Travel Guide. The city's tourist attractions include Gulangyu Island, Nanputuo Temple, stores featuring local products including tealeaves and sugarcanes and water tours of the many small islands that are clustered along the coast near the city.

Wyndham Hotel Group, one of three principal components of Wyndham Worldwide (NYSE: WYN), encompasses nearly 6,500 hotels and more than 543,000 hotel rooms on six continents. All hotels are owned individually and operated independently or by a Wyndham Hotel Group subsidiary, Wyndham Hotel Management.

Wyndham Hotel Group, based in Parsippany, N.J., employs 1,500 worldwide. Additional information is available at


This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, conveying management's expectations as to the future based on plans, estimates and projections at the time Wyndham Worldwide Corporation makes the statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Wyndham Worldwide to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward looking statements include general economic conditions, the economic environment for the hospitality industry, the impact of war and terrorist activity, operating risks associated with the hotel business, the consummation of the transaction discussed in this press release as well as those specified in Wyndham Worldwide's Quarterly Report on Form 10-Q, filed March 7, 2007, including under headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Except for Wyndham Worldwide's ongoing obligations to disclose material information under the federal securities laws, it undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

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