Wyndham plans to pick up brands, troubled assets

09/30/2009 | Bloomberg

Wyndham Worldwide Corp. CEO Stephen Holmes says the company is taking advantage of the current market conditions and plans to buy more brands or distressed operations. Holmes says the company will take advantage of opportunities to convert underperforming hotels or take on new brands. With as many as one in five hotel loans expected to default through 2010, the chain should have plenty to choose from, experts say.

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