Wyndham Hotel Group has acquired Dolce Hotels and Resorts for $57m in cash.

Dolce operates 24 properties with around 5,500 guestrooms across seven countries in Europe and North America.

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Wyndham stated that the deal is in line with its core asset-light strategy and will allow it to expand the managed portfolio by around 40%.

Wyndham Hotel Group president and CEO Geoff Ballotti said: "With over three decades of established brand equity, Dolce is a respected leader in the group space with outstanding destination properties and some of the best meeting product offerings available in the market today.

"Wyndham stated that the deal is in line with its core asset-light strategy and will allow it to expand the managed portfolio by around 40%."

"We look forward to continuing the growth of the Dolce brand and leveraging these Dolce attributes across the Wyndham global system, while enhancing the Dolce owner and guest experience."

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Dolce’s portfolio of hotels, resorts, conference centres and day meeting centres include around 750,000ft² of meeting space, which will host approximately 100,000 events each year.

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Its portfolio comprises meeting and resort destinations in markets such as the Napa Valley and Aspen in North America, as well as international locations such as Barcelona, Brussels, Munich, Frankfurt, Paris and Provence.

The acquired business is said to complement the expanding presence of Wyndham Grand meeting destinations in markets such as Chicago, Miami, Berlin, Doha, Hangzhou and Xian of China.

Dolce Hotels and Resorts chairman Philip Maritz said: "Steven Rudnitsky, our president and chief executive officer, and I have consistently looked for strategic opportunities to grow Dolce in a way that preserves the brand, continues our focus on meetings and benefits our property owners."

Wyndham Hotel Group operates around 7,600 hotels in 71 countries across the globe, under different hotel brands.