Wyndham International, Inc. (NYSE:WYN) today announced the appointment of Ted Teng as chief operating officer, substantially completing Wyndham`s senior management team and transformation into a branded hotel company.
Teng previously served as president, Asia Pacific, for Starwood Hotels & Resorts Worldwide, Inc., overseeing the integration of that company`s branded hotel operations in the region. He had responsibility for the operating and financial performance of over 70 hotels and resorts in 17 countries, generating approximately $1.5 billion in annual revenue.
Teng`s appointment follows the company`s previously announced consolidation of six operating division offices into the Dallas headquarters, enabling the company to centralize management of its core Wyndham brand. As chief operating officer, Teng will oversee Wyndham`s core branded hotel products—Wyndham Hotels & Resorts, Wyndham Luxury Resorts and Summerfield Suites by Wyndham hotels—as well as the company`s third party management operations. Together, the company has 285 hotels with 70,000 rooms, primarily in North America.
“Ted`s appointment significantly strengthens our senior management team His leadership and vast hotel experience will enhance the operations of our core branded and third party managed hotels and resorts,” Fred J. Kleisner, president and chief executive officer, said. “In his more than 20 years in our industry, Ted Teng has led some of the world`s great hotel brands as they expanded into new markets and new geographic regions. With a background that includes hotel operations, finance and development in North America, Hawaii and Asia Pacific, he is uniquely qualified to serve as Wyndham`s chief operating officer.”
Teng, 44, was the former president of Asia-Pacific for Westin Hotels, where he was credited with having achieved a 600 basis point improvement in gross operating profit margins in just one year. Previously, he was with ITT Sheraton, where he served for 14 years in a variety of senior and strategic capacities in operations, finance and development.
Teng is a graduate of the Cornell University School of Hotel Administration. He has an MBA from the University of Hawaii. Born in Shanghai, China, he grew up in Hong Kong and emigrated to the U.S. at age 13. He became an U.S. citizen at age 18. He succeeds Kleisner, who was named chief executive officer last month.