Wyndham Hotel Group to Acquire Tryp Hotel Brand From Sol Melia | Reuters

PARSIPPANY, NJ, Jun 07 (MARKET WIRE) -- Wyndham Worldwide (NYSE: WYN) today announced that its Wyndham HotelGroup business unit has agreed to acquire the Tryp(R) hotel brand fromSol Melia Hotels & Resorts. In addition, Wyndham will enter into a license agreement with the current91 Tryp hotels located throughout Europe and South America that willcontinue to be owned, operated, managed or licensed by Sol Melia. WyndhamHotel Group and Sol Melia will form a strategic alliance to work togetherto develop the Tryp brand globally and market the hotels cooperativelythrough their central reservations systems and loyalty programs. The brand, expected to be renamed Tryp by Wyndham(R), is ase