Choice Hotels to Nominate Directors to Wyndham Board, Says Reuters

Key Points

• Choice Hotels is preparing to nominate directors to Wyndham's board as part of a $9.8 billion merger bid.
• Wyndham has repeatedly rejected Choice's offers, citing concerns about valuation and antitrust risks.
• The merger would create the largest U.S. public hotel company in the budget and midscale sectors.

Summary

Choice Hotels is making a bold move to nominate directors to Wyndham's board as part of its $9.8 billion unsolicited merger bid. Despite multiple rejections from Wyndham, which has raised concerns about valuation and antitrust risks, Choice remains committed to pursuing the deal. The merger would result in the largest U.S. public hotel company in the budget and midscale sectors.