will become Wyndham Hotel Group's first property in Nicaragua. Owned and developed by HB International, the property is scheduled to open in 2014.
The agreement is another integral step in a focused strategy to increase Wyndham Hotel Group's presence in Latin America. The company announced its 100th hotel in the region late last year and, as of Dec. 31, 2012, has 73 properties in the pipeline in Mexico, Central America, South America and the Caribbean.
"Latin America is full of opportunity-rich markets that are vital to our global growth plans," said Daniel del Olmo, Wyndham Hotel Group's senior vice president and managing director of Latin America. "The Wyndham brand's upscale comfort, generous amenities and customer-focused 'Count On Me!' service culture set us apart in this region. We're thrilled to work with dedicated partners like HB International who appreciate our brand and are supportive of our development efforts."