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.
Choice said it would drop its pursuit of Wyndham, saying its competitor's board showed an "obvious continuing disinterest" in a merger.
Host plans to invest in cities like Nashville and San Francisco in the year ahead.
Choice Hotels is attempting a hostile takeover of Wyndham Hotels & Resorts with an offer to shareholders valued at $90 per share.
Braemar's board says Blackwells is attempting a takeover without paying “an adequate price.”
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.
Rising parking costs are helping hotel operators boost revenue even as room occupancy lags behind prepandemic levels.
The hotels include a Hyatt Regency Coral Gables and the Beverly Hills Marriott.
The hotel company previously positioned the partnership with Wyndham as “a tremendous leap forward for LuxUrban.”
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.
Roughly 1,200 hotel rooms are expected to open in Denver in 2024.
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