Choice Hotels Defends Pipeline as it Pushes Wyndham Bid
Choice Hotels is seeing weakness in its hotel development pipeline. That may not improve much if it remains distracted by pursuing a merger with Wyndham.
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Choice Hotels is seeing weakness in its hotel development pipeline. That may not improve much if it remains distracted by pursuing a merger with Wyndham.
Choice Hotels Has Eyes For Wyndham Resorts | Global Finance Magazine
Choice Hotels said on Wednesday that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks.
Chairman Stephen Holmes and CEO Geoff Ballotti discussed Choice's unsolicited buyout offer, plus they added sharp criticism of Choice's business.
Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today called upon the board of directors of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") to engage in good faith discussions so that shareholders of both companies can benefit from the compelling combination.