Choice Hotels Offers to Buy Wyndham

At the start of the year, Sortis Holdings said it would acquire Ace Group International, owner of Ace Hotels, for $85 million in cash. Now the deal is off.

Hyatt has bet more of its future on China than any other Western hotel group. It has 40% of its hotel pipeline there — a greater percentage than the hotel development pipeline of any public company in its peer group.

Marriott International‘s executives reported strong revenue growth in the third quarter on Thursday. They forecasted a steady pace of revenue expansion that would return it to its historical 10-year average after the pandemic disruption.

There’s no shortage of chic hotels in Paris. But very few offer the comfort and intimacy of a luxurious Parisian apartment coupled with the five-star service of a top hotel. That is, except for the Hotel San Régis, the iconic 100-year-old gem in the tony eighth arrondissement that’s hosted the likes of Richard Avedon, Lauren Bacall, Gene Kelly, Louis Malle, Jacqueline Bisset, Romy Schneider and more.

It’s almost fondue season, and if you want a truly unique experience with the most scenic alpine backdrop, head to the Carlton Hotel St. Moritzto book lunch or dinner in one of their fondue gondolas. Starting this December 8, 2023 until the winter season ends, you can enjoy an intimate feast starring cheese plus a few other Swiss delicacies. Last year the gondolas were such a hit that the St Moritz hotel is bringing them back by popular demand. “Serving cheese fondue and other special menu items offers guests an experiential dining opportunity,” says Constanze Grossman, director of public relations at the Tschuggen Collection.

Good morning from Skift. It’s Friday, October 27. Here’s what you need to know about the business of travel today.

When you grow up in the South like I did, you learn there's a difference between mad and spittin' mad.

In a city known for its wealth of food options, you might be surprised to learn that one of the best meals you’ll have in London – or, perhaps, anywhere – is dinner at Nipa Thai in the Royal Lancaster London. Two months later, my husband and I are still talking about it – and the rest of our luxurious two night stay in this gem of a hotel.

Since 1931, the Hotel Juana has played host to writers, artists, musicians and cultural greats. Now those free spirits, as well as the rest of us, have a dedicated place to seek inspiration or while away the hours in paradise. Paseo, a bar, restaurant and casual meeting spot - named for the Spanish word for a leisurely stroll - is the latest eatery to grace Juan-les-Pins, the family friendly enclave in tony Antibes, featuring a vibrant garden patio, arresting interior and delicious fare.

On a third-quarter earnings call Thursday morning, Wyndham Hotels & Resorts outlined for investors its rationale for rejecting a $7.8 hostile takeover bid from budget-hospitality rival Choice Hotels. Including assumed debt, the deal value would climb to around $9.8 billion.

Wyndham’s executives talked at length Thursday about why they wouldn’t accept the unsolicited bid from Choice Hotels – a $9.8 billion buyout offer after assuming debt.

Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about “execution risk” — including questions about regulatory scrutiny.