Articles tagged “wyndham”

Wyndham execs and board members more forcefully rejected Choice Hotels' current terms for a merger on Thursday. But they explicitly left the door open to a more generous offer from a market player.

Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about "execution risk" — including questions…

If an alternative asset investor like Blackstone gets interested, things could get even more interesting. Same if European hotel giant IHG made a bid of its own.

The market is skeptical that Choice's hostile takeover bid for Wyndham will be successful. The Skift Travel 200 sheds light on the hotel sector and the thinking behind this offer.

There's nothing quite as exciting in the corporate world than an unwelcome takeover offer. On this episode of the Skift Travel Podcasts, Skift's hotel experts deal with the drama.

Truist held talks with both Choice Hotels and Wyndham Hotels, along with investors in both names. They believe WH holders want a takeout price closer to $95 and a larger cash component as well as a breakup fee if the deal does not give anti-trust approvals.

Today's podcast examines Choice's bid to acquire Wyndham, Expedia's recent round of layoffs, and United Airlines' third quarter earnings.

Choice Hotels went public with an offer to acquire Wyndham Hotels and Resorts. The offer was described as $90 a share, $9.8 billion including Wyndham debt, but since it is only $49.50 a share in cash and 0.324 shares of CHH stock for each WH share owned, the real value is more or less, depending on CHH stock.

Choice is confident it can sell its offer to Wyndham shareholders without the opinion of Wyndham executives.

Tracing its roots back to its original name, Quality Courts United, Choice has established itself as a prominent player through acquisitions.