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Choice Hotels Gives Up On $8B Wyndham Hostile Takeover Bid
Choice said it would drop its pursuit of Wyndham, saying its competitor's board showed an "obvious continuing disinterest" in a merger.
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Choice said it would drop its pursuit of Wyndham, saying its competitor's board showed an "obvious continuing disinterest" in a merger.
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Host plans to invest in cities like Nashville and San Francisco in the year ahead.
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Choice Hotels is attempting a hostile takeover of Wyndham Hotels & Resorts with an offer to shareholders valued at $90 per share.
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Braemar's board says Blackwells is attempting a takeover without paying “an adequate price.”
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Two hotels on Dublin's north side have been put up for sale as the prospect of Ireland's hotel deals in 2024 passing a record €1B increase.
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Rising parking costs are helping hotel operators boost revenue even as room occupancy lags behind prepandemic levels.
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The hotels include a Hyatt Regency Coral Gables and the Beverly Hills Marriott.
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The hotel company previously positioned the partnership with Wyndham as “a tremendous leap forward for LuxUrban.”
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The Wyndham Residences brand, in partnership with Reside, is launching with hotels in D.C., Houston, Seattle and New Orleans and has major expansion plans.
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Roughly 1,200 hotel rooms are expected to open in Denver in 2024.
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