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Wyndham, who owns the largest percentage of the hotels it manages, also owns (and operates) Hiltons, Marriotts, and Sheritons. Starwood owns hotels with franchised brands, as does Marriott. They (nearly) all do.

It's not a fuzzy designation, it's what happens when the backroom guys are literally playing Monopoly with real world objects.

I was with Wayport (now AT&T). Who are you with?

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