Wyndham Worldwide group business division has acquired the Tryp hotel brand from Sol Melia Hotels & Resorts for approximately US$43m.
In addition, Wyndham will enter into a licence agreement with the current 91 Tryp hotels located throughout Europe and South America. The hotels will continue to be owned, operated, managed or licenced by Sol Melia. Both hotel groups have formed a strategic alliance to develop the Tryp brand globally. The brand will be renamed Tryp by Wyndham.
See the full press release here: http://www.wyndhamworldwide.com./media_center/pr/show_release.cfm?id=743