Wyndham Hotel Group announced its acquisition of Latin America's Fën Hotels, adding 26 management contracts across Argentina, Peru, Costa Rica, Uruguay, Paraguay, Bolivia and the U.S. including two new Fën-built Wyndham Grand hotels opening in Uruguay and Paraguay. With the addition of Fën Hotels’ signature Esplendor Boutique Hotels and Dazzler Hotels, Wyndham Hotel Group’s portfolio of distinct brands grows to 18, all of which will be bookable through the company’s loyalty program, Wyndham Rewards, by the end of 2017.
Fën Hotels’ 100+ executives and management staff in Buenos Aires will continue leading Fën hotels and augment Wyndham Hotel Group’s Latin America team as Fën's current headquarters becomes Wyndham Hotel Group's new Latin America HQ for management operations. Current Fën CEO, Patricio Fuks, will remain as chairman of Fën, helping lead Fën's explosive growth across the region.
“Over the last 14 years, Fën Hotels’ dedicated and trailblazing leadership-team has introduced a diversified and iconic portfolio with celebrated brands embraced by guests across Latin America,” said Paulo Pena, president and managing director for Wyndham Hotel Group in Latin America and the Caribbean. “From design-led boutique hotels to an exceptional focus on service and comfort, Fën Hotels delight guests visit after visit."
Latin America continues showing signs of economic growth—manifested in new infrastructure projects, foreign investment, record international visitors and a growing middle class population—driving the need for quality hotel supply across the region. Fën Hotels is said to be uniquely poised to leverage the region’s appetite for accommodations with 22 existing hotels in six countries and a strong pipeline throughout Latin America.
