Choice Hotels Abandons Bid for Wyndham Hotels Following Rejected Talks
Monday, 11 March 2024, 13:50
Choice Hotels Ceases Acquisition Attempt of Wyndham Hotels
The decision by Choice Hotels to stop pursuing the acquisition of Wyndham Hotels came as the result of the board's reluctance to enter into discussions with the former. The bid made by Choice in October, which included a combination of cash and stock, was met with resistance by Wyndham, creating a standoff between the two parties. This turn of events has implications for the future strategies of both companies in the competitive hospitality market.
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