Wyndham Believes Banking Crisis Won't Hurt Its Hotel Pipeline

Wyndham's executives believe that investor concerns that the U.S. banking crisis will hurt its hotel development are groundless.

The world's largest hotel franchisor said on Thursday during an earnings call that it hadn't seen signs that March’s bank collapses — which led to deposit flight and tightened lending in the U.S. — had hurt the availability of financing that underpins the development of its U.S.-based select-service hotels.

"We feel really strong about the 2023 financing situation," said Michele Allen, chief financial officer.

In response to multiple analyst questions on this topic, the Parsippany, New Jersey-based hotel operator noted that between a third and a half of its hotel conversions and new constructions had financing in place.

"We're not