Cendant to Eliminate 300 Hotels

1 min read
Opinions expressed by Entrepreneur contributors are their own.

New York--Cendant Corp., owner of hotel brands including Days Inn, Howard Johnson and Ramada, said that it will eliminate 300 hotels, or 7 percent of its franchise hotel business, by the end of the year. The hotel cuts are aimed at purging substandard hotels as well as franchisees that have defaulted on fee payments. Cendant's plans to shore up its franchise hotel business involve eliminating up to 40,000 rooms. -Associated Press

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.