Choice Hotels International’s hostile buyout offer of rival Wyndham Hotels & Resorts has entered a new phase: recriminations.
05.12.2023 - 08:39 / traveldailynews.com / Theodore Koumelis
Signings across Essentials, Premium and Luxury & Lifestyle segments demonstrate appetite from owners and guests.
IHG Hotels & Resorts cements its growth in Türkiye with the addition of six new properties spanning six Turkish cities.
These new hotels are a result of IHG’s commitment to sustainable growth across Europe and include new properties for five of its brands, including InterContinental Hotels & Resorts, Crowne Plaza, Holiday Inn, Holiday Inn Express and Holiday Inn Resort.
Willemijn Geels, VP Development Europe, IHG Hotels & Resorts, said: “Türkiye is a key growth market for IHG and these signings span right across our brand portfolio, demonstrating the confidence of our owners in our brands and the IHG enterprise. There is a clear long-term appetite for domestic and international travellers to this country and it is proof that our choice to invest in this market is paying off, as we continue to see a rich and dynamic future for hospitality and travel in Türkiye.”
IHG has thirty open hotels in Türkiye and a further nine in the development pipeline, across the following brands: Six Senses, InterContinental Hotels & Resorts, Crowne Plaza, Holiday Inn Hotels & Resorts and Holiday Inn Express.
*Numbers as at 30 September 2023
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
Choice Hotels International’s hostile buyout offer of rival Wyndham Hotels & Resorts has entered a new phase: recriminations.
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Wyndham Hotels & Resorts announced that its Board of Directors unanimously determined the unsolicited exchange offer from Choice Hotels International to acquire all outstanding shares of the hospitality company is not in the best interests of its shareholders.
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