Wyndham signs new deal for 40 more hotels in India

Wyndham Hotel, a subsidiary of Wyndham Worldwide Corp. of Parsippany, N.J., has signed a seven-year deal with Gammon India Ltd., a leading Indian construction and engineering firm based in Mumbai, to develop Wyndham Hotel Group’s Days Inn and Super 8 brands in India. Gammon will own and manage the hotels, and Wyndham Hotel Group International will provide operational, sales, marketing, training, quality assurance and architecture and design support. The deal was signed just three days after Wyndham Hotel Group announced that Aetos Capital LP would invest up to $50 million in Tian Rui Hotel Investment Corp., master franchisor of the Super 8 brand in China, to accelerate hotel development. The Super 8 brand, with 49 hotels open and 67 under development, is among the largest economy chains in China According to HVS International, a hospitality consulting firm, India will remain as one of the world’s fastest-growing tourism markets for the next three to five years. Demand for budget, economy and midmarket hotels in secondary and tertiary cities is expected to increase “significantly” with the development of roads and other infrastructure.