PARSIPPANY, N.J. — Wyndham Hotel Group, a subsidiary of Wyndham Worldwide, has acquired Dolce Hotels and Resorts and its portfolio of 24 properties and more than 5,500 guestrooms across seven countries in Europe and North America, for US$57 million in cash.
The Rockleigh, N.J.-based Dolce’s hotels, resorts, conference centres and day meeting centres offer 750,000 sq. ft. of meeting space, host approximately 100,000 events and welcome four-million meeting clients each year.
“Dolce is a terrific strategic fit for us,” said Geoff Ballotti, president and CEO of the Parsippany, N.J.-based Wyndham Hotel Group. “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. In addition, Dolce has a long, successful history of award-winning innovation in conference planning and management. We look forward to continuing the growth of the Dolce brand and leveraging these Dolce attributes across the Wyndham global system.”