Wyndham Opens New Hotel Near Disneyland
Major U.S. hoteliers are expanding their footprint in key domestic markets. Recently, Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (WYN) launched Wyndham Anaheim Garden Grove in Garden Grove, CA. The hotel is owned by OHI Resort Hotels, LLC and managed by Pacific Hospitality Group.
Located at the centre of Anaheim region’s popular leisure and business destination, Harbor Boulevard, Wyndham Anaheim Garden Grove is in close proximity to popular attractions like the Disneyland Resort, owned by The Walt Disney Company (DIS). In fact, the hotel will feature a Disney Desk where guests can purchase tickets and obtain information about nearby Disney parks.
Further, the hotel is close to the Anaheim Convention Center, — the largest convention center on the west coast —, shopping centers like The Shops at GardenWalk and The Outlets at Orange and the Southern California beaches. In our view, the prime location will act as a major crowd-puller for the hotel.
The 376-room hotel offers family-friendly guest rooms with bunk beds for kids, high-speed wireless Internet access, restaurants and bars, shuttle service to nearby tourist attractions and a large meeting space. Additionally, the hotel has a state-of-the-art fitness center, a business center, a pool and hot tub with private cabanas and a library.
Wyndham’s latest addition is consistent with its efforts to expand in the domestic market. The hotelier is committed to bring its brands to key urban and resort markets in the U.S. Since 2013, the hotelier has opened two hotels in California —– one at the San Diego Bayside and the other at Santa Monica at the Pier —, along with other properties at key locations in New York City, Boston, Philadelphia and Dallas.
Wyndham currently sports a Zacks Rank #2 (Buy). Other stocks in the same sector worth considering include Hilton Worldwide Holdings Inc. (HLT) and Marriott Vacations Worldwide Corp. (VAC). Both the stocks have the same Zacks Rank as Wyndham.
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