Real estate and hospitality veteran to lead Wyndham’s accelerating growth strategy
Wyndham Hotels & Resorts appointed Amit Sripathi as Chief Development Officer reporting to the Company’s President and Chief Executive Officer, Geoff Ballotti. Sripathi will lead Wyndham’s North American franchise sales team as they help hotel owners tap into the power of the world’s largest hotel franchise company and its iconic brands.
“Amit’s deep experience in mergers & acquisitions and capital markets focused on the real estate and hospitality sectors at Deutsche Bank and RLJ Lodging are instrumental as we increase our focus on growing our midscale-and-above portfolio while reinforcing our leading position in the resilient select-service segments,” said Ballotti.
“Since joining Wyndham, Amit has demonstrated a strategic approach to growth. He’s helped divest our owned and managed segments leading to a pure-play U.S. franchise business and worked with our sales teams across the country and around the world deploying over $250 million in development support for our owners. He hits the ground running, knowing what our franchise sales teams need to continue outperforming expectations.”
“With 15 consecutive quarters of organic net room growth and our largest development pipeline ever, it’s clear that existing and prospective franchisees appreciate Wyndham’s market-share leading brands and the world-class sales, marketing and distribution systems curated for their individual needs,” said Sripathi. “Together with the best franchise sales team Wyndham has ever assembled, we will help even more owners discover the power of partnering with Wyndham and experiencing our Owner-First approach.”
