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Cendant completes Baymont Inn acquisition
Cendant Hotel group has completed its acquisition of the Baymont Inn & Suites franchise brand from affiliates of US private investment company Blackstone Group.
The acquisition includes worldwide rights to the Baymont Inn & Suites brand, which covers 115 properties, but not real estate.
The move will increase Cendant’s growth opportunities owing to Baymont’s positioning in the growing midscale lodging sector.
Blackstone will continue to provide reservations support services to Baymont franchisees until Cendant initiates central reservations services for the brand. Details: www.cendant.com
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