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.

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"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."

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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.

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"These two widely respected hotel brands come with strong USportfolios and a growing international presence," says StevenRudnitsky, chairman and CEO of the Wyndham Hotel Group, in astatement. "We look forward to growing both chains domestically andinternationally.

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"[Wyndham Hotel Group] is committed to enhancing the supportprovided to franchisees of Microtel Inns & Suites and Hawthornsuites and ensuring that their hotels receive maximum benefit fromour comprehensive distribution platform, information technologycapabilities, field services and sales and marketing functions,"Rudnitsky says. A spokesman for the Global Hyatt subsidiary couldnot be reached for comment.

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The acquisition boosts the Wyndham Hotel Group to nearly 7,000properties. Not including the acquisition, the group encompassessome 6,550 franchised hotels with more than 550,000 roomsworldwide.

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