In June 2005, Wyndham International agreed to be acquired by the Blackstone Group for $1.4 billion cash plus $1.8 billion of assumed debt. [13] The sale was completed in August 2005. [14]Wyndham’s portfolio at the time of the sale included ownership of 32 hotels, [15] plus management agreements for 29 other properties and franchise agreements for 82 other Wyndham-branded hotels. [16]