New Luxury Hotel in Colorado Springs Will Join Wyndham Grand Collection

November 11, 2010 // Franchising.com // PARSIPPANY, N.J. — Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), today announced its expansion in Colorado and the continued growth of the prestigious Wyndham Grand® Collection in the United States with the signing of a new-construction, luxury hotel: the 119-room Mining Exchange, a Wyndham Grand Hotel in downtown Colorado Springs.

Located at 8 S. Nevada Avenue, the Mining Exchange, a Wyndham Grand Hotel is set in four historic buildings dating from the early 20th century, including the 110-year-old Mining Exchange, which was built in 1900 by Winfield Scott Stratton and served as the primary stock exchange for the western United States. The property, owned and operated by Mining Exchange Group, LLC, is currently under development and is expected to open in the second quarter of 2011.

"The Mining Exchange, a Wyndham Grand Hotel truly exhibits the distinctive attributes and style found in the Wyndham Grand Collection's expanding portfolio of hotels," said Jeff Wagoner, president of Wyndham Hotels and Resorts. "Downtown Colorado Springs is in the early stages of a great revitalization and we look forward to being a part of its growth with this unique development project."

The hotel's design, from owner Perry R. Sanders, Jr., and Colorado Springs-based Bobby Hill Designs, will infuse historic architecture with modern accommodations. The Mining Exchange building will serve as the hotel's main building, housing 57 of the hotel's guest rooms. To reflect their original grandeur, each of the historic buildings is being renovated, including the Mining Exchange building's unique, solid granite exterior perimeter walls, which have been uncovered and exposed inside and out.

The luxury hotel's 119 guest rooms, including two presidential, 12 grand and 35 junior suites, will be elegantly appointed with hand-crafted furnishings, flat screen televisions, 12-foot ceilings, travertine and granite floors and matching, custom granite countertops throughout the room and bathroom.

Upon entering the hotel, an ornate walk-in vault will be the focal point of the lobby. X300, the property's on-site restaurant, will serve an impressive variety of 100 beers, 100 wines and 100 tapatizers™, or small, tapas-style plates. Guests will also have in-house access to Il Postino, an Italian restaurant featuring Mediterranean dishes, located in the Independence Building, Colorado Springs' first post office, on Pikes Peak Avenue.

Guests can take advantage of the hotel's distinctive amenities and services including a business center; state-of-the-art fitness center with a yoga and Pilates area, as well as yoga mats for in-house led instruction; steam room; and hot tub. The on-site spa will feature high-end services and large, walk-in vaults, original to the building, will house the spa's six treatment rooms.

"We are very excited to fly the prestigious Wyndham Grand Collection flag and have a world-renowned company like Wyndham Hotels and Resorts on our side," said Perry Sanders, Jr., owner of the Mining Exchange, a Wyndham Grand Hotel. "This hotel, with its truly unique style, amenities and services, intends to set a very high bar for luxury lodging."

The Art Deco-style Municipal Utilities Building will be connected to the hotel by a skyway and will provide over 20,000 square feet of flexible meeting and event space. The space will feature two board rooms, three ballrooms, on-site meeting planner's office and fully functioning broadcast studio.

The hotel's convenient location puts guests within close proximity to Colorado Springs' top attractions, including the Colorado Springs Fine Arts Center, one of the nation's three U.S. Olympic Training Centers, the U.S. Olympic Committee headquarters and the nearby United States Air Force Academy. The picturesque city sits at the foot of Pikes Peak, one of America's most famous landmarks, where visitors can ride a cog railway, hike the peak's 14,000-foot summit or view stunning red rock formations at the Garden of the Gods Park.

The Wyndham Grand Collection portfolio is an ensemble of distinguished hotels within the Wyndham Hotels and Resorts brand that represent one-of-a-kind experiences in key destinations with refined accommodations, attentive service and relaxed surroundings. For more information, visit www.thewyndhamgrandcollection.com.

All Wyndham Hotels and Resorts guests can take advantage of Wyndham ByRequest®, the brand's guest recognition program offering complimentary benefits including high-speed Internet access, personal choice of welcome snack and beverage, preferred pillow type, express check-in, guaranteed late check-out, local and long-distance calls, best available room upon arrival, photocopies, faxes and online receipts.

Wyndham ByRequest members also earn Wyndham Rewards® points, which can be redeemed for complimentary hotel stays, airline tickets, name-brand merchandise and dining and shopping gift cards, among other options. In lieu of points, members may elect to earn airline or rail miles with a variety of carriers. More information is available at www.wyndhamrewards.com.

Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), offers upscale hotel and resort accommodations throughout the United States, Europe, Canada, Mexico, China and the Caribbean. All Wyndham® hotels are either franchised by the company or managed by Wyndham Hotel Management, Inc., one of its affiliates or through a joint-venture partner. Additional information and reservations for all Wyndham hotels are available by calling (800) WYNDHAM – (800) 996-3426 – or visiting www.wyndham.com.

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