Wyndham’s new financing option for diverse developers; franchise giant teams up with Lafayette Square to offer up to $100 million in financing for hotel projects

11/14/2024

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Hotel Investment Today

• Subcategory: Capital Markets: Debt, Hospitality: Hotel

• Tag: JV-Partnership | Strategy

• Additional Filters-Subcategory: Capital Markets: Debt-Loan

• Additional Filters-Tags: Hospitality: Franchise

• Company: Wyndham Hotels & Resorts (NYSE: WH)

Wyndham Hotels & Resorts has teamed up with investment firm Lafayette Square to provide diverse hotel developers with up to $100 million in combined financing from the firm over the coming years.

Wyndham will vet and directly connect qualified owners with Lafayette Square to access funds and move forward with hotel projects that could otherwise stall due to lack of traditional financing.

This marks Wyndham’s latest component of BOLD (Black Owners and Lodging Developers) and Women Own the Room initiatives, which aim to bolster hotel ownership by Black and women entrepreneurs by addressing the unique challenges faced by each community. Together, BOLD and Women Own the Room have resulted in more than 100 hotel deals with Black and women hoteliers, of which more than 20 are now open.