With the acquisition, Wyndham adds two franchised hotel brandsto its stable of properties, namely Microtel Inns & Suites andHawthorn Suites, which together account for more than 29,000 rooms.Microtel brings a chain of 292 existing new-construction economyhotels to the mix, with another 38 currently under construction.Hawthorn's 91-property all-suite chain provides Wyndham's entryinto the extended-stay market.

"This tuck-in acquisition allows us to take advantage of ourexisting hotel franchise platform and scale of distribution andbrings further efficiencies to the Microtel Inns & Suites andHawthorn Suites brands," says Wyndham Worldwide chairman and CEOStephen Holmes, in a statement. "This transaction is consistentwith our previously announced strategy of growing our hotel EBITDAcontribution."

The deal's completion is contingent on the usual closingconditions, including regulatory approvals. The terms of the saleagreement also call for the Chicago-based Global Hyatt to providecertain specified support services as part of the transition inownership, according to company officials.