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Wyndham - 4 Patrick Pacious - 4 Brendan McDermid - 2 Pat Pacious - 2 Stephen Holmes - 2 Parsippany - 1 Anirban Sen - 1 Jonathan Oatis - 1
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Wyndham - 6 Wyndham Hotels - 4 Resorts - 4 Choice - 3 New York Stock Exchange - 2 REUTERS - 2 Wyndham Hotels & Resorts - 2 Ramada - 2

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8 mentions found


☆ Exclusive: Choice Hotels prepares to challenge Wyndham's board -sources
  + stars: | 2023-11-27 | by ( Anirban Sen | Thomson Reuters | Anirban Sen Is The Editor In Charge For U.S. M A At Reuters In New York | ) www.reuters.com   time to read: +4 min
[1/2] The company logo for Choice Hotels is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 27 (Reuters) - Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle, people familiar with the matter said. This gives Choice the right to nominate directors to Wyndham's board come January. It is also preparing to launch a tender offer for Wyndham's shares that would show Wyndham's investors that there is a firm offer on the table, according to the sources. Rockville, Maryland-based Choice operates nearly 7,500 hotels in 46 countries, including brands such as Radisson, Country Inn & Suites, and Cambria Hotels.
Persons: Brendan McDermid, Wyndham, Parsippany, Pat Pacious, Stephen Holmes, Anirban Sen, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Wyndham Hotels & Resorts, Ramada, Wyndham, Cambria Hotels, Choice, Thomson Locations: New York, U.S, United States, Parsippany , New Jersey, Rockville , Maryland, Radisson, Cambria
☆ Wyndham board deems Choice Hotels' new offer "a step backwards"
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
A screen displays the logo for Wyndham Hotels & Resorts, Inc. at the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 21 (Reuters) - U.S. budget hotel operator Wyndham Hotels and Resorts (WH.N) said on Tuesday a new letter from Choice Hotels (CHH.N) "represents a step backwards" and the terms outlined are not in the best interests of Wyndham or its shareholders. Choice had made a $7.8 billion cash-and-stock acquisition offer worth $49.50 in cash and 0.324 shares of its common stock for each share of Wyndham. It said it first approached Wyndham in April with an $80 per share offer, which it later bumped up to $85 and then to $90 per share. A potential merger would have married Choice Hotels' brands such as Econo Lodge, Quality Inn and Clarion with Wyndham's Days Inn and Travelodge, offering inflation-hit customers a wide choice of affordable hotels.
Persons: Brendan McDermid, Wyndham, Patrick Pacious, Stephen Holmes, Pacious, Kannaki, Shailesh Organizations: Wyndham Hotels & Resorts, Inc, New York Stock Exchange, REUTERS, Wyndham Hotels, Resorts, Choice, Wyndham, Thomson Locations: New York City, U.S, Clarion, Bengaluru
☆ Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels
  + stars: | 2023-11-21 | by ( Lauren Thomas | ) www.wsj.com   time to read: 1 min
Wyndham shares closed Monday at $77.95, giving the company a market capitalization of $6.5 billion. Photo: Bridget Bennett/Bloomberg NewsAnother bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, executives said Tuesday.
Persons: Wyndham, Bridget Bennett, Pat Pacious Organizations: Bloomberg, Choice Hotels, Wyndham Hotels, Resorts, Wyndham
☆ Choice Hotels chairman on Wyndham hostile bid: A 'transformative transaction' for both companies
  + stars: | 2023-11-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChoice Hotels chairman on Wyndham hostile bid: A 'transformative transaction' for both companiesPatrick Pacious, Choice Hotels International CEO, Stewart Bainum, Choice Hotels International chairman, and billionaire investor Ron Baron join 'Squawk Box' from the Baron Investment Conference to discuss Baron's investment in the company since 1996, the state of the travel industry, takeover bid for Wyndham, and more.
Persons: Patrick Pacious, Stewart Bainum, Ron Baron Organizations: Wyndham, Hotels, Baron Investment Conference
☆ Choice Hotels CEO on Wyndham hostile bid: A real opportunity for both sets of shareholders
  + stars: | 2023-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChoice Hotels CEO on Wyndham hostile bid: A real opportunity for both sets of shareholdersChoice Hotels president and CEO Patrick Pacious joins 'Squawk Box' to discuss the company's offer to buy Wyndham Hotels and Resorts in a roughly $7.7 billion takeover, a deal that would combine two of the largest operators in the budget hotel space, and more.
Persons: Patrick Pacious Organizations: Wyndham, Choice Hotels, Wyndham Hotels, Resorts
☆ Choice Hotels Offers Nearly $8 Billion for Larger Rival Wyndham Hotels & Resorts as Travel Booms
  + stars: | 2023-10-17 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +3 min
Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations, the company said Tuesday. Choice's proposal allows Wyndham shareholders to choose either cash, stock, or a combination of cash and stock. Choice first approached Wyndham in April, offering $80.00 per share, with 40% of that cash and 60% Choice stock, but was rejected, Choice said. But, according to Choice, Wyndham voiced concerns about regulatory approval in September and also the value of Choice stock. Shares of Wyndham Hotels & Resorts Inc. jumped more than 15% before the opening bell Tuesday, to $82.40.
Persons: Wyndham, “, Patrick Pacious, ”, Howard Johnson Organizations: Wyndham Hotels, Resorts, Wyndham, Choice, Ramada, Resorts Inc, Inc Locations: Rockville , Maryland, Wyndham, La Quinta, Parsippany , New Jersey
☆ Hotel supply growth is muted but demand is near record levels, says Choice Hotels' Pat Pacious
  + stars: | 2023-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHotel supply growth is muted but demand is near record levels, says Choice Hotels' Pat PaciousPat Pacious, Choice Hotels CEO, joins 'The Exchange' to discuss the private and public sector construction boom driving hotel demand, supply growth in the hotel sector, and the decrease in workforce participation contributing to the hotel consumer base.
☆ The consumer is prioritizing travel at the top of their list, says Choice Hotels CEO
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer is prioritizing travel at the top of their list, says Choice Hotels CEOChoice Hotels CEO Pat Pacious joins 'The Exchange' to discuss his company's earnings and the health of the American consumer.
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