Wyndham Hotels & Resorts Appoints Amit Sripathi as Chief Development Officer

Wyndham Hotels & Resorts has announced the appointment of Amit Sripathi as the new Chief Development Officer. Reporting directly to Geoff Ballotti, the President and CEO of the company, Sripathi will lead the North American franchise sales team. His extensive background in mergers, acquisitions, and capital markets, particularly in the real estate and hospitality sectors, positions him to contribute significantly to Wyndham’s growth strategy.

Amit Sripathi’s Role and Vision

Leadership and Experience

Amit Sripathi brings a wealth of experience to Wyndham, having previously worked with Deutsche Bank and RLJ Lodging. His expertise in the financial aspects of real estate and hospitality is expected to be crucial as Wyndham aims to expand its midscale and above portfolio. Sripathi has been pivotal in transitioning Wyndham to a purely franchise-based model in the U.S., helping to divest owned and managed segments and supporting franchise owners with over $250 million in development aid.

Strategic Growth Focus

Sripathi’s appointment comes at a time when Wyndham has achieved 15 consecutive quarters of organic net room growth and has its largest development pipeline to date. Sripathi highlighted the appeal of Wyndham’s brands and the robust support systems offered to franchisees. His goal is to continue building on this success, leveraging the strengths of the franchise sales team to attract new hotel owners and support existing ones.

Transition and Tribute to Chip Ohlsson

Chip Ohlsson’s Contributions

After a long and successful career, Chip Ohlsson, the outgoing Chief Development Officer, will be leaving the company in June. Ohlsson has been instrumental in expanding Wyndham’s brand portfolio from 14 to 25, including the launch of ECHO Suites Extended Stay, noted as the fastest-growing new-construction brand in the industry. His efforts have also promoted diversity within the franchise sales team and among hotel owners through initiatives like Women Own the RoomSM and BOLD SM by Wyndham.

Legacy and Impact

Ohlsson’s dedication to Wyndham is evident from his start in 1993 and his return nearly a decade ago to lead franchise sales in North America. His leadership has consistently driven the sales team to exceed expectations. Wyndham’s CEO Geoff Ballotti expressed gratitude for Ohlsson’s contributions and leadership, wishing him success in his future endeavors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts stands as the largest hotel franchising company globally by property count, with around 9,200 hotels across more than 95 countries. The company’s portfolio includes 25 renowned brands like Super 8®, Days Inn®, Ramada®, and Wyndham®. Catering to the everyday traveler, Wyndham has a significant presence in the economy and midscale segments. The company’s loyalty program, Wyndham Rewards, boasts over 106 million members who can redeem points at numerous hotels and resorts worldwide.

Frequently Asked Questions (FAQs)

Who is Amit Sripathi?

Amit Sripathi is the newly appointed Chief Development Officer at Wyndham Hotels & Resorts. He has a strong background in mergers and acquisitions, as well as capital markets, particularly in the real estate and hospitality industries.

What will Amit Sripathi’s role entail?

Sripathi will lead Wyndham’s North American franchise sales team. His role will involve driving the company’s growth strategy, focusing on expanding the midscale and above portfolio and supporting franchise owners.

What are some of Chip Ohlsson’s achievements at Wyndham?

During his tenure, Chip Ohlsson expanded Wyndham’s brand portfolio from 14 to 25 and launched ECHO Suites Extended Stay. He also championed diversity initiatives like Women Own the RoomSM and BOLD SM by Wyndham.

How large is Wyndham Hotels & Resorts?

Wyndham Hotels & Resorts operates approximately 9,200 hotels in over 95 countries, making it the world’s largest hotel franchising company by property count.

What brands are part of Wyndham’s portfolio?

Wyndham’s portfolio includes well-known brands such as Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection®, and Wyndham®.

What is Wyndham Rewards?

Wyndham Rewards is the company’s loyalty program, which has over 106 million enrolled members. Members can redeem points at thousands of hotels, vacation club resorts, and vacation rentals worldwide.

Final Thoughts

Wyndham Hotels & Resorts continues to strengthen its leadership team with the appointment of Amit Sripathi as Chief Development Officer. His expertise is set to drive the company’s ambitious growth plans while maintaining the momentum achieved under the leadership of Chip Ohlsson. Wyndham’s commitment to diversity and support for franchise owners remains a cornerstone of its strategy, ensuring continued success in the competitive hospitality industry.