Wyndham Hotels & Resorts has announced a ten-year development relationship with residential hospitality management company Reside to expand its extended-stay footprint in the US.
The franchise agreements will introduce five residence-style hotels to the Wyndham brand, marking the debut of Wyndham Residence in the US. These properties will cater to guests seeking long-term stays and short-term home base accommodation.
With more than three decades of experience, Reside has a presence in 60 countries, specialising in furnished corporate housing and alternative accommodations.
This collaboration enhances Wyndham's portfolio in the extended-stay segment, complementing its existing brands, namely ECHO Suites Extended Stay by Wyndham, Hawthorn Extended Stay by Wyndham, and WaterWalk Extended Stay by Wyndham.
Wyndham Residences are already established in international locations, including the United Arab Emirates and Greece.
Currently, open locations include Reside Seattle Downtown with 55 rooms and Reside Houston Downtown offering 79 rooms.
Planned locations include a 22-room hotel in New Orleans' Bywater neighbourhood and two properties in Washington DC, with 81 and 67 rooms, respectively.
Reside CEO and founder Lee Curtis said: “By partnering with Wyndham, we unlock access to its expansive distribution channels—including its network of approximately 112 million enrolled loyalty members—and join forces in delivering the memorable experiences in iconic cities today's extended-stay guests are craving.”
Wyndham Hotels & Resorts chief development officer Amit Sripathi said: “Whether you need a comfortable place to live for a prolonged time, or you simply need more space while travelling with a larger group, Reside's model expands our extended-stay offerings, delivering premium, professionally managed accommodations in locations we know guests want to visit.
“By tapping into Wyndham's distribution network, we help unlock new demand generators that can help scale their business to the next level."
In the second quarter of 2024, the company reported a net revenue of $367m.
