08:50 AM EDT, 10/17/2024 (MT Newswires) -- Wyndham Hotels & Resorts ( WH ) said Thursday it has signed an exclusive development agreement with Nile Hospitality to launch the Microtel by Wyndham brand in India.

Financial terms weren't disclosed.

Wyndham, which currently has 60 hotels operating across India, said it expects to open 40 Microtel hotels by 2031. The first Microtel hotels in the country will have at least 50 keys each and are expected to open next year, Wyndham added.

Wyndham's shares were down 2% in recent Thursday premarket activity.

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