Indian-origin hotelier Sant Chatwal has signed an agreement with the Wyndham Hotel Group, giving it exclusive global rights to franchise and manage his Dream and Night" boutique hotels and brand worldwide.
"The relationship with Wyndham will unlock the true potential of our Dream and Night brands, which have proven its success in key markets like New York and Bangkok during the last six years and are prime to further expand globally,said Chatwal, Chairman and CEO of Chatwal Hotels & Resorts and its management arm, Hampshire Hotels & Resorts, in a statement.
An agreement in this regard was signed in Parsippany, New Jersey, on Thursday.
Dream and Night hotels currently are open in New York; Bangkok and Cochin.
In addition, the 108-room, Art-Deco-inspired Dream South Beach is scheduled to open early this year in Miami Beach, Florida.
The company has also announced plans to open a Dream hotel in New York''s Meatpacking District during the second quarter of this year and expand in South Asia.
"The addition of the Dream and Night brands will complement Wyndham Hotel Group''s diverse brand portfolio which focuses on meeting guest needs with a hotel product for every kind of traveller," said Wyndham Hotel Group President and CEO Eric Danziger.
"We are especially proud to work with Sant Singh Chatwal, an innovative hotelier and entrepreneur, to expand and evolve these brands in key business and leisure markets around the globe," Danziger said.
Chatwal said Wyndham Hotel Group will "take the development of the Dream and Night brands to the next level" by leveraging Wyndham''s global distribution system, Wyndham Rewards loyalty programme and extended reach of development professionals.
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