Enhancing Wyndham's BOLD and Women Own the
Room initiatives, franchisees unlock exclusive access to industry
experts to help support successful ownership
PARSIPPANY, N.J., Oct. 7, 2024
/PRNewswire/ -- Networking for Wyndham's Black Owners and Lodging
Developers (BOLD) and Women Own the Room franchisees just got
easier with access to peer-to-peer connections and expert
mentorship. Created on the foundation of building community for
diverse hoteliers, the new Accelerator Circle gives BOLD and Women
Own the Room franchisees exclusive access to Wyndham's network of
existing owners and industry experts through quarterly, small-group
virtual meetups focused on fast-tracking hotel openings and
maximizing performance.
From networking and education to operational support and
complimentary services to help maximize revenue, BOLD and Women Own
the Room offer tailored solutions to help break down the common
barriers each group faces when pursuing hotel ownership. Together,
BOLD and Women Own the Room have resulted in more than 90 hotel
deals with Black and women hoteliers with more than 20 hotels that
are now open. With Accelerator Circle, Wyndham leverages its
position as the world's largest hotel franchisor to reinforce its
commitment of bringing greater diversity to hospitality.
"Navigating hotel ownership isn't easy, with
many owners facing the same challenges over and over. Wyndham's
Accelerator Circle connects a dynamic community for Black and women
entrepreneurs who haven't always had the support of our industry.
It's a space for owners to exchange knowledge, learn from seasoned
pros, and the expected result? A more diverse industry with a new
wave of empowered, savvy owners."
- Galen Barrett,
VP, Strategic Franchise Initiatives, Wyndham Hotels &
Resorts
Accelerating Ownership Through Community
Created to
help entrepreneurs from the time they consider hotel ownership all
the way through opening a hotel, both BOLD and Women Own the Room
put a key emphasis on fostering an interactive community that
supports greater diversity in hospitality. With Accelerator Circle,
Wyndham takes the focus to the next level by facilitating
connection among its BOLD and Women Own the Room owners, allowing
them to learn from shared experiences and grow together as an
engaged community.
In line with its Owner First approach to franchising,
Accelerator Circle sessions will focus on topics that come directly
from franchisees, including securing financing, hotel renovations,
development and operations, among others. Sessions will be led by
industry professionals—spanning Wyndham team members, industry
experts and owner peers—facilitating strategic, peer-to-peer
discussions and providing insights focused on the real-time
concerns owners face today.
Kicking off the series for Accelerator Circle this fall,
WaterWalk CEO Mimi Oliver will lead
a discussion focused on optimizing relationships with franchisors.
During her tenure, Mimi has overseen the development, opening and
operations for numerous hotels, raised more than $100 million in equity for the company, and most
recently, joined forces with Wyndham as the Company's
25th brand, WaterWalk Extended Stay by Wyndham. Along
with being a trailblazer as a woman executive in the industry,
she's witnessed the incredible success of her late grandfather,
Jack DeBoer, the extended-stay
pioneer who led the way for the segment. Future sessions will be
hosted by other industry professionals with topics spanning
fundraising, construction and renovation, creating an optimal
staffing model and more.
"Hotel ownership is challenging, and I've seen
firsthand how valuable it is to have a circle of supporters to help
navigate those difficulties and drive success. I was drawn to
Wyndham because of their dedication to increasing diversity in
hospitality, and Accelerator Circle is one meaningful way I can
give back to inspire future generations—especially those who might
not see a clear path—to join our fantastic industry."
- Mimi Oliver,
CEO, WaterWalk
To learn more about Accelerator Circle, see here. For more
information on franchising opportunities with Wyndham, visit
www.wyndhamdevelopment.com. To learn more about BOLD and Women Own
the Room, visit www.womenowntheroombywyndham.com and
www.BoldbyWyndham.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest
hotel franchising company by the number of properties, with
approximately 9,200 hotels across over 95 countries on six
continents. Through its network of nearly 885,000 rooms appealing
to the everyday traveler, Wyndham commands a leading presence in
the economy and midscale segments of the lodging industry. The
Company operates a portfolio of 25 hotel brands, including Super
8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®,
AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®.
The Company's award-winning Wyndham Rewards loyalty program offers
approximately 110 million enrolled members the opportunity to
redeem points at thousands of hotels, vacation club resorts and
vacation rentals globally. For more information, visit
wyndhamhotels.com.
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SOURCE Wyndham Hotels & Resorts
