Wyndham Hotel Group has acquired Dolce Hotels and Resorts, a company with 24 properties and over 5,500 guestrooms in seven countries in Europe and North America, mostly in the conference center segment, for $57 million in cash.
This acquisition allows Wyndham Hotel Group to expand its managed portfolio by nearly 40 percent with a significantly larger presence in the group and meetings segment. Wyndham Hotel Group plans to maintain and grow the Dolce brand along with its signature service, technology, and F&B products as part of its existing portfolio of brands.
"With over three decades of established brand equity, Dolce is a respected leader in the group space with outstanding destination properties and some of the best meeting product offerings available in the market today," said Geoff Ballotti, president and CEO, Wyndham Hotel Group. "In addition, Dolce has a long, successful history of award-winning innovation in conference planning and management. We look forward to continuing the growth of the Dolce brand and leveraging these Dolce attributes across the Wyndham global system while enhancing the Dolce owner and guest experience."
Philip F. Maritz, chairman of Dolce Hotels and Resorts; Steven Rudnitsky, Dolce's president and chief executive officer; and Founder Andy Dolce support the acquisition. Dolce's portfolio of hotels, resorts, conference centers, and day meeting centers offer 750,000 square feet of meeting space, host approximately 100,000 events, and welcome four million meeting clients each year.
Dolce properties can be found in destinations including the Napa Valley and Aspen in North America and international locations such as Barcelona, Brussels, Munich, Frankfurt, Paris, and Provence. These locations will complement the expanding presence of Wyndham Grand meeting destinations in markets such as Chicago, Miami, Berlin, Doha, Hangzhou, and Xian, China, giving meeting planners a wide array of options within the same system.
Dolce pioneered the Complete Meetings Package (CMP), a concept designed to address all of the elements planners need when arranging meetings. The CMP is now embraced by many hotel companies and is considered the standard by the International Association of Conference Centres (IACC).Pictured above: Dolce Sitges in Sitges, Spain