Wyndham Buys AmericInn Hotel Chain for $170 Million

Wyndham Hotel Group is adding to its collection of midscale hotel brands with the $170-million acquisition of Minnesota-based AmericInn hotel brand and its management company, Three Rivers Hospitality, from Northcott Hospitality. AmericInn will become the company’s 20th hotel brand, adding to Wyndham’s portfolio of 1,500 midscale hotels. AmericInn has 200 mostly franchised hotels comprising 11,600 rooms in 21 states throughout the U.S., primarily in the Midwestern U.S., Ohio Valley, Minnesota, Wisconsin, Iowa, Michigan, and North Dakota. It currently has 23 properties in its pipeline, and owns a total of 10 hotels. Wyndham will seek to eventually sell those 10 hotels in alignment with the company’s asset-light strategy. The deal is subject to regulatory and government approval and other customary closing conditions but Wyndham hopes it will close by October. Why Wyndham Wanted to Buy AmericInn Wyndham Hotel Group president and CEO Geoff Ballotti told Skift that Wyndham has been in talks with Northcott about buying AmericInn since 2008. "What’s always impressed us about this great brand is their great quality. It's so consistent. Over 85 perce