wyndham hotels & resorts
Wyndham’s Women Own the Room Initiative Drives Over One Dozen Hotel Openings
Wyndham Hotels & Resorts | March 19, 2024
Surpasses 50 hotel signings while growing community base to more than 550 PARSIPPANY, N.J., March 19, 2024 -- Wyndham Hotels & Resorts is celebrating a major milestone for its award-winning Women Own the RoomSM initiative, surpassing 15 hotel openings and more than 50 signings in just over 24 months. The first-of-its-kind offering—which has seen its network of current and prospective women hotel owners climb to more than 550—leverages Wyndham's scale and influence to break down the unique barriers women face on the path to hotel ownership. According to data from U.S Bureau of Labor Statistics and the Castell Project, while wo...
Wyndham Board of Directors Sends Letter to Shareholders Highlighting Clear Path to Deliver Value Substantially in Excess of Choice’s Inadequate
Wyndham Hotels & Resorts | March 11, 2024
Urges Shareholders to Protect Their Investment and the Future of Wyndham by Supporting Only Wyndham's Eight Highly-Qualified Director Nominees Encourages Shareholders to Visit StayWyndham.com for More Information PARSIPPANY, N.J., March 11, 2024 -- The Board of Directors of Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,200 hotels spanning more than 95 countries, sent a letter to shareholders urging them to protect their investment and the future of Wyndham by supporting only Wyndham's eight highly-qualified Director nominees and not the nominees fr...
Wyndham Comments on Expiration of Choice’s Unsolicited Exchange Offer and Withdrawal of Director Nominees
Wyndham Hotels & Resorts | March 11, 2024
PARSIPPANY, N.J., March 11, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham") today commented on the expiration of Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") exchange offer and its decision to withdraw its slate of nominees for election to Wyndham's Board of Directors at the 2024 Annual Meeting of Shareholders: "The Wyndham Board is pleased that Choice has ended its hostile pursuit and proxy contest, following the expiration of its unsolicited exchange offer," said Stephen P. Holmes, Chairman of the Board. "We are confident in Wyndham's standalone strategy and growth prospects under the leadership of our proven...
Choice Hotels Provides Update on Exchange Offer and Proposal to Acquire Wyndham Hotels & Resorts
Choice Hotels | March 11, 2024
Announces Expiration of Exchange Offer and Withdrawal of Independent Director Candidates for Election at Wyndham's 2024 Annual Meeting Increases Share Repurchase Authorization Projects to Continue Delivering Strong Earnings Growth NORTH BETHESDA, Md., March 11, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice") today announced the expiration of the exchange offer to acquire all of the issued and outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham"). The Company is also withdrawing its nomination of the highly qualified, independent director candidates for election at Wyndham's 2...
Wyndham Hotels & Resorts Reports Strong Fourth Quarter Results With Record Openings, Retention and System Growth
Wyndham Hotels & Resorts | February 19, 2024
Increases Quarterly Dividend by 9% Reiterates Full-Year 2024 Outlook PARSIPPANY, N.J., Feb. 19, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2023. Highlights include: • System-wide rooms grew organically by 3.5% year-over-year, a record high. • Opened a record 66,000 organic rooms, representing a year-over-year increase of 3%. • Global retention rate - including all terminations - improved another 30 basis points to a record 95.6%. • Development pipeline grew 1% sequentially and by 10% year-over-year to a record 240,000 rooms. • Grew ECHO Suites p...
Wyndham Confirms Receipt of Expansive FTC Second Request Under HSR Act for Choice’s Unsolicited Hostile Offer to Acquire Wyndham
Wyndham Hotels & Resorts | January 12, 2024
Extended Regulatory Review Certain Offer Continues to Undervalue Wyndham and Exposes Wyndham Shareholders to Significant Asymmetrical Risk PARSIPPANY, N.J., Jan. 12, 2024 -- 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 confirmed receipt of a 40-page and 65-topic 'Second Request' from the Federal Trade Commission in connection with Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") unsolicited proposed acquisition of Wyndham: "From the beginning, Wyndham has consistently stated that this...
Choice Hotels Sets the Record Straight on Path to Regulatory Approval of Combination With Wyndham Hotels & Resorts
Choice Hotels | January 10, 2024
Calls Out Wyndham's Campaign of Disinformation Reiterates Commitment to Completing Pro-Competitive, Pro-Franchisee, and Pro-Guest Combination NORTH BETHESDA, Md., Jan. 10, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today issued an investor presentation and infographic disputing the false and misleading antitrust claims made by Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") in connection with Choice's proposal to acquire Wyndham. The presentation has been filed with the U.S. Securities and Exchange Commission and is also available at CreateValueWithChoice.com. Patrick Pacious, Presi...
Wyndham Hotels & Resorts’ Latest Release Shows How Divergent Their Board’s Interests Are From Their Shareholders’; Their Argume
Choice Hotels | December 20, 2023
Wyndham Shareholders Should Tender Their Shares in Choice's Exchange Offer to Send Clear Message to Wyndham's Board Choice Has Recently Engaged with Wyndham Shareholders Representing over 40% of Shares Outstanding; Many Shareholders Are Eager for Both Parties to Work Together to Reach an Expedient Resolution NORTH BETHESDA, Md., Dec. 20, 2023 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today issued the following statement in response to the Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") Board of Directors' recommendation that its shareholders reject Choice's exchange offer. Wyndham Has Sought t...
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