Wyndham, Lafayette Square launch diverse hoteliers funding program

WYNDHAM HOTELS & RESORTS and investment firm Lafayette Square, led by Abhay Patel as managing director, recently launched a funding program to improve
capital access for diverse hoteliers. The new program will support Wyndham’s BOLD and Women Own the Room initiatives.

Wyndham will work with Lafayette Square to connect qualified owners, aiming to provide up to $100 million in financing over the coming years. While not all will
qualify, eligible hoteliers can use the funds to advance projects stalled by limited financing, the companies said in a joint statement.

Amina James, a Wyndham franchisee and BOLD by Wyndham member, is the first hotelier to receive funding for her Wyndham hotel in Lake Charles, Louisiana.

“Because of Wyndham’s support, the credibility they saw in me, and their connection to Lafayette Square, I can now say I own two hotels,” said James. “BOLD
and Women Own the Room are actively changing hospitality by forging the path—and knocking down the barriers along the way—to make hotel ownership possible.
That’s a vision and a mission I’m proud to be part of.”