Wyndham Hotels & Resorts Re-Engages with Choice Hotels on Takeover Bid
Wyndham Hotels & Resorts has confirmed that it is actively exploring a potential transaction with Choice Hotels International, resuming discussions after Choice Hotels publicly indicated its willingness to re-engage. This decision comes amidst Wyndham’s ongoing strategic review process, highlighting the company’s commitment to maximizing shareholder value.
Strategic Review Remains Ongoing
While Wyndham is engaging with Choice Hotels, the company emphasizes that its comprehensive strategic review remains underway. This review encompasses a broad range of options, including but not limited to continued independent operation, strategic partnerships, and other potential transactions. Wyndham’s board of directors is dedicated to carefully evaluating all available alternatives to determine the best path forward for the company and its stakeholders.
Focus on Shareholder Value
The decision to re-engage with Choice Hotels underscores Wyndham’s dedication to acting in the best interests of its shareholders. The company will carefully consider any proposal from Choice Hotels, ensuring that it aligns with Wyndham’s strategic objectives and delivers compelling value to its shareholders.
No Guarantee of a Transaction
Wyndham cautions that there is no assurance that any transaction with Choice Hotels, or any other strategic alternative, will ultimately be agreed upon or consummated. The company intends to provide updates as appropriate, but does not plan to comment further on the strategic review process until a definitive decision is made.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,100 hotels across more than 95 countries. Through its network of over 845,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®.
Source: hospitalitynet.org
