Latvian company Mogotel signs an agreement with the world's largest hotel brand Wyndham Hotels & Resorts

mogotel.com | 2022.03.16

Latvia's largest hotel operator Mogotel continues to expand and has signed an agreement with one of the world's largest hotel franchisors - Wyndham Hotels & Resorts. Today, the Wyndham chain owns more than 9,000 hotels in 95 countries around the world. Mogotel has become the first operator in the Baltics to manage a Wyndham hotel. Under the agreement, the four-star business hotel Wyndham Garden Munich Messe opened its doors in Munich (Germany) in February 2022, and the five-star Wyndham Wroclaw Old Town Hotel in Wroclaw, Poland, opened in March, becoming the country's first Wyndham-branded hotel.

The project is being implemented by Mogotel Hotel Group subsidiary “Mogotel Development Holding” with the financial support of the state-owned development finance institution ALTUM. In 2022, with the support of ALTUM, Mogotel plans to lease and manage five different categories of hotels in Germany and the same number in Poland.

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“We are pleased to welcome the first international brand Wyndham Hotels & Resorts to the Mogotel-managed hotel portfolio. We see significant potential for working with the largest hotel franchisor. In 2022, we will continue to strengthen our position in the European hospitality business on behalf of Latvia and plan to sign several more agreements that will allow our company and team to grow and promote the name of our country in Europe,” comments Vadims Muhins, the founder of Mogotel.

Hotel The Wyndham Garden Munich Messe is located in the business district of Munich, close to the Messe München, the largest international exhibition and congress centre. The Messe München complex hosts around 40 large-scale international trade fairs each year, with more than 30,000 participants from more than 100 countries around the world. Approximately two million people from 200 different countries attend Messe München's annual events. The Wyndham Garden Hotel is a 4-storey modern building with 267 comfortable rooms, most of which are equipped with mini kitchens for leisure and business travellers. The hotel is a great choice for those travelling by car, as there are more than 100 spaces in the underground car park and next to the hotel. The metro station is 600 metres away. There is also a restaurant with a terrace, a lounge area, a bar, a gym and a conference room.

Wyndham Wroclaw Old Town Hotel is located in the historic centre of Wrocław, close to the city’s most popular sights, the Market Square. The modern multifunctional building has 5 storeys with 205 comfortable rooms and deluxe rooms. At the heart of the building is a panoramic atrium with an impressive glass roof. An important advantage of the hotel is the conference complex, where the existing premises are suitable for any kind of event, including business meetings and exclusive elegant receptions. The hotel has eleven conference rooms of various configurations with a total area of 514 m2 and a banquet area for events of up to 500 people. In addition, the hotel has two restaurants serving international and local cuisine, a spa with a city view, a 24-hour fitness centre and convenient parking.

“Despite the severe suffering of the hospitality industry during the COVID-19 pandemic, tourism in Europe is beginning to recover following active vaccination and the introduction of clear travel rules. According to the STR Global study, in the autumn of 2021, hotel occupancy in Germany reached 65-70% of the 2019 level, while in Poland this figure reached 80-85%. The average room price in Germany reached 70-80%, but in Poland - 80-82.5% of the 2019 level.

The hospitality industry in Latvia is recovering more slowly: The data of the Benchmark Alliance show that after the resumption of the travel market in the autumn of 2021, the occupancy rate of Latvian hotels reached 40–55%, but the average room price 65–75% of the level of 2019,” said Jeļena Stirna, Executive Director of Mogotel Hotel Group.

INFORMATION ABOUT MOGOTEL

Mogotel is the leading hotel operator in the Baltic states, operating in the hospitality and tourism industry since the year 2002. Mogotel currently operates 16 hotels in six European countries, offering a total of more than 2,200 rooms. The company operates hotels in Latvia, Estonia, Germany, Poland, Bulgaria and Ukraine, representing Wellton Hotels, Rixwell Hotels, RIJA Hotels, Wyndham and Wyndham Garden. All hotels meet international standards in the field of hospitality and, regardless of hotel class, follow all security measures, offer a wide range of services and consistently high quality of hospitality. To ensure maximum comfort for its guests, Mogotel successfully uses all modern hospitality tools, technologies and innovations.