BUENOS AIRES, ARGENTINA—Wyndham Hotel Group has acquired 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 Montevideo, Uruguay and Asunción, 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. Fën Hotels’ more than 100 executives and management staff in Buenos Aires will continue to lead the hotels and augment Wyndham Hotel Group’s Latin American team as Fën’s current headquarters becomes Wyndham Hotel Group’s new Latin American headquarters for management operations. Current Fën CEO Patricio Fuks will remain as chairman of Fën, helping lead Fën’s growth across the region.
“Wyndham Hotel Group’s strength and significant scale as the company with more hotels globally than any other hotel company dramatically increases our distribution, immediately enabling us to grow faster not only in Argentina, but also throughout the region, ensuring more guests experience what Fën Hotels have to offer,” said Patricio Fuks, Fën Hotels CEO and co-founder. “As we integrate the companies over the next 18 months, becoming part of the Wyndham family of brands will enable our guests to have access to some of the most aspirational vacation experiences on Earth thanks to Wyndham Rewards, Wyndham’s unparalleled loyalty program, which makes redeeming free nights in hotels, condos and homes simple and attainable.”
Additionally, Fën Hotels’ partner, Emprenurban, led by CEO Ivan Kozicki, will become a Wyndham strategic partner across Latin America, launching the first two Wyndham Grand Hotels in Latin America later this year and next.
“Coupling our proven development model and capabilities across Latin America with Wyndham’s global brands and resources will ensure an accelerated and robust joint growth pipeline for Fën and Wyndham,” said Ivan Kozicki, Emprenurban CEO and Fën Hotels co-founder.