choice hotels international
Wyndham Board Determines New Choice Letter Is Step Backwards
Wyndham Hotels & Resorts | November 21, 2023
Choice Looks to Impose Two Years of Regulatory Limbo and Significant Business Risk on Wyndham Shareholders and Fails to Address Substantial Concerns with Prior Offer Now Valued at $86 PARSIPPANY, N.J., Nov. 21, 2023 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today announced that its Board of Directors received a letter from Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), on November 14, 2023. Wyndham's Board of Directors, together with its financial and legal advisors, closely reviewed Cho...
Choice Expands Paladin Equity Capital Partnership With Three New Hotels Under Construction
Everhome Suites | November 14, 2023
Choice Hotels' extended stay pipeline grows by 12 percent year over year, with latest projects developed by Paladin Equity Capital ROCKVILLE, Md., Nov. 14, 2023 -- Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region. For the first nine months of 2023, Choice's extended stay hotel openings grew by 38 percent compared to the same period in 2022. Choice's extended stay domestic pipeline increased 12 percent year over year to over 47,000 rooms in the third quarter of ...
Choice Hotels Calls on Wyndham Hotels & Resorts to Engage in Discussions
Choice Hotels | October 26, 2023
Choice Sees a Clear Path to Completion and Remains Committed to the Transaction Ready to Move Expeditiously to Provide Requisite Transaction Certainty Strongly Urges Wyndham to Return to the Negotiating Table ROCKVILLE, Md., Oct. 26, 2023 -- 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. Patrick Pacious, President and Chief Executive Officer of Choice, said, "We appreciate the positive feed...
Wyndham Board of Directors Rejects Unsolicited Proposal From Choice
Wyndham Hotels & Resorts | October 17, 2023
PARSIPPANY, N.J., Oct. 17, 2023 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, announced that its Board of Directors unanimously rejected a highly conditional, unsolicited stock-and-cash proposal by Choice Hotels International, Inc. (NYSE: CHH) ("Choice") to acquire all outstanding shares of Wyndham. Wyndham's Board of Directors, together with its financial and legal advisors, closely reviewed Choice's latest proposal with a nominal value of $90 per share, comprised of 45 percent in stock and 55 percent...
Choice Releases First “Choice Privileges State of the American Traveler Survey” in Partnership With Harris Poll
Choice Hotels® | July 27, 2023
Survey finds consumers are prioritizing experiences and exploring the U.S. and want to spend less than $200/night on lodging ROCKVILLE, Md., July 27, 2023 -- Today, Choice Hotels International, Inc. (NYSE: CHH), released its first Choice Privileges State of the American Traveler Survey, a poll of more than 2,000 U.S. adults that sheds new light on Americans' travel plans and priorities this summer and beyond. This survey, conducted in partnership with Harris Poll, comes as nine new brands with nearly 600 hotels, including Radisson Blu, Radisson and Country Inn & Suites, are now available to be booked on ChoiceHotels.com. Earlier this...
Cambria Expands in Southeast With Opening of Cambria Hotel Orlando Universal Blvd
Cambria Hotels | May 22, 2023
ROCKVILLE, Md., May 22, 2023 -- Cambria Hotels, part of the Choice Hotels International, Inc. (NYSE: CHH) family of brands, continues its expansion in top markets with the opening of the Cambria Hotel Orlando Universal Blvd. The new hotel joins the nearby Cambria Hotel Orlando Airport to further the brand's quest to bring modern accommodations to travelers' favorite urban destinations. Located at 6801 Visitors Circle, the 118-room Cambria Hotel Orlando Universal Blvd pairs modern design, upscale convenience and amenities with a central location in the International Drive Resort area, near major attractions like Universal Stu...
Choice Hotels Breaks Ground on Cambria Hotel Pearl District—Portland and Cambria Hotel Hillsboro
Cambria Hotels | May 10, 2023
ROCKVILLE, Md., May 10, 2023 -- Choice Hotels International, Inc. (NYSE: CHH) continues its nationwide expansion of Cambria Hotels in the Pacific Northwest with the official start of construction on Cambria Hotel Pearl District—Portland and Cambria Hotel Hillsboro. Expected to open in Spring 2025, the new properties will be added to Cambria's growing portfolio of hotels in travelers' favorite destinations. "The groundbreaking of the Cambria Hotels in Hillsboro and Portland represents another proud moment for the brand. This milestone marks Cambria's entry into the Pacific Northwest and commemorates yet another fantastic destination...
Choice Hotels International Reports First Quarter 2023 Results
Choice Hotels International, Inc. | May 9, 2023
ROCKVILLE, Md., May 9, 2023-- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today reported its first quarter 2023 results. Highlights of first quarter 2023 results include: Total revenues reached $332.8 million for first quarter 2023, a first-quarter record and a 29% increase compared to the same period of 2022. Net income exceeded the top end of the company's guidance and reached $52.8 million for first quarter 2023, representing diluted earnings per share (EPS) of $1.02. As a result of one-time items, including Radisson Hotels Americas integration costs, and the timing of net r...
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