New Wyndham Panama Hotel
Peter Strebel, Wyndham Hotels and Resorts president, said the introduction of the Wyndham brand in Panama is part of the brand's strategy to pursue flagship Wyndham hotel properties in key international and gateway cities.
Press Release Source: Wyndham Worldwide
Wyndham Hotels and Resorts
Opens First Hotel in Panama
Thursday December 6, 12:33 pm ET
PARSIPPANY, NJ--(MARKET WIRE)--Dec 6, 2007 -- The Wyndham Hotels and
Resorts brand will fly its first flag in Panama with the conversion of the
five-star, 301-room Veneto Hotel & Casino in Panama City to The Veneto, A
Wyndham® Grand Hotel.
Source: Wyndham Worldwide
(click to
enlarge)
The Wyndham Hotels and Resorts brand will fly its first flag in
Panama: the five-star, 301-room The Veneto, A Wyndham(R) Grand Hotel.
· http://www.wyndham.com
· http://www.wyndhamworldwide.com
Peter Strebel, Wyndham Hotels and Resorts president, said the
introduction of the Wyndham brand in Panama is part of the brand's strategy to
pursue flagship Wyndham hotel properties in key international and gateway
cities.
"The addition of The Veneto, A Wyndham Grand Hotel, to our
collection of first-class Wyndham properties further establishes our position as
a global hospitality company and demonstrates the strength of the Wyndham
brand," he said. "Our intent is to fully augment this hotel's premier status
through our training, reservations and marketing platforms."
Silver
Entertainment, the gaming and hospitality investment arm of The Andalex Group, a
New York City-based real estate organization, will operate the hotel. The
Andalex Group is a family-owned, full-service real estate organization founded
in 1989 by Allen Silverman that specializes in property acquisition,
development, construction management and leasing.
"After an extensive
search, we selected the Wyndham brand for our flagship hotel," said Alex
Silverman, Silver Entertainment co-president. "We are proud to introduce this
prestigious upscale brand name in Panama and believe it will attract a whole new
group of foreign tourists to our shores."
The Veneto, A Wyndham Grand
Hotel, is located on Via Veneto in Panama City's financial and business district
between Via Eusebio A. Morales and Via Espana, 20 minutes from Panama's Tocumen
International Airport.
The hotel offers four restaurants, a full-service
spa and fitness center, rooftop pool, business center, 15,000 square feet of
meeting space and a Las Vegas-style casino with more than 40,000 square feet of
gaming area, making it one of the largest casinos in Latin America. The hotel,
now undergoing a multimillion-dollar renovation, is remodeling its guest rooms
and suites, restaurants and casino.
Wyndham Hotels and Resorts, a
subsidiary of Wyndham Worldwide Corporation (NYSE:WYN - News), offers upscale
hotel and resort accommodations throughout the United States, Canada, Europe,
Mexico and the Caribbean. All hotels are either franchised or managed by Wyndham
Hotels and Resorts or an affiliate. For more information, visit http://www.wyndham.com.
EDITORS:
Photos of this hotel are available on request. High-resolution logos and other
hotel photos can be downloaded from http://www.wyndhamimages.com.
Log in under the user name "service" and the password "excellence." For more
information about Wyndham Worldwide Corporation and its businesses, go to http://www.wyndhamworldwide.com.
