Breaking News: Wyndham's Chip Ohlsson to step down, new CDO named

Wyndham Hotels & Resorts appointed Amit Sripathi as chief development officer, replacing Chip Ohlsson and reporting to President and CEO Geoff Ballotti. Sripathi will lead Wyndham’s North American franchise sales team. He previously was senior vice president, strategic and corporate development.  

Ohlsson will be leaving the company in June. He started at Wyndham’s predecessor company, Hospitality Franchise Systems, and helped expand the Wyndham portfolio from 14 to 25 brands including ECHO Suites Extended Stay by Wyndham. 

During his tenure, Ohlsson helped create programs like Women Own the Room and BOLD by Wyndham, which help make the industry more diverse while bringing new owners into the Wyndham family, according to the company.

“From launching his sales career with us in 1993, to returning nearly 10 years ago to lead our North America franchise sales teams, Chip has shown unwavering commitment to Wyndham and our franchisees,” Ballotti said in a statement. “We are extremely grateful for his proven leadership and ability to attract, promote and develop a best-in-class sales team that consistently delivers, and we wish him all the best.”

Amit Sripathi

“Amit’s deep experience in mergers & acquisitions and capital markets focused on the real estate and hospitality sectors at Deutsche Bank and RLJ Lodging are instrumental as we increase our focus on growing our midscale-and-above portfolio while reinforcing our leading position in the resilient select-service segments,” Ballotti said. “Since joining Wyndham, Amit has demonstrated a strategic approach to growth. He’s helped divest our owned and managed segments leading to a pure-play U.S. franchise business and worked with our sales teams across the country and around the world deploying over $250 million in development support for our owners. He hits the ground running, knowing what our franchise sales teams need to continue outperforming expectations.”

“With 15 consecutive quarters of organic net room growth and our largest development pipeline ever, it’s clear that existing and prospective franchisees appreciate Wyndham’s market-share leading brands and the world-class sales, marketing and distribution systems curated for their individual needs,” Sripathi said. “Together with the best franchise sales team Wyndham has ever assembled, we will help even more owners discover the power of partnering with Wyndham.”