Choice tips

Choice Hotels International’s hostile buyout offer of rival Wyndham Hotels & Resorts has entered a new phase: recriminations.

Choice Hotels on Monday dropped its $8 billion hostile takeover bid for Wyndham Hotels & Resorts it launched last October.

The 2024 prospects for Marriott, Hilton, Hyatt, and Wyndham look bright. That’s according to a report released on Tuesday by David Katz, a managing director at Jefferies Research.

A survey of hotel owners found many of them raising concerns about Choice Hotels‘ proposed hostile takeover of its rival Wyndham. Issues include the effect on their revenue and a potential increase in fees they pay.

Good morning from Skift. It’s Tuesday, November 28. Here’s what you need to know about the business of travel today.

Wyndham isn’t warming to Choice’s latest attempt at a hostile takeover, and characterized it Tuesday as a “step backwards.”

Good morning from Skift. It’s Wednesday, November 22. Here’s what you need to know about the business of travel today.

Choice Hotels International said the organic growth of its development pipeline is healthy despite claims it has recently relied on growth by acquisitions instead.

The talk of last week in Hotel World was Choice Hotels‘ hostile buyout offer for Wyndham, an offer Wyndham quickly rejected.

Choice Hotels said on Tuesday it proposed to acquire all the outstanding shares of Wyndham Hotels & Resorts at a price of $90 a share.

Choice Hotels‘ recent acquisition of Radisson’s Americas business looks like a post-pandemic statement of intent. The $675 million deal will help shift the company’s portfolio mix upmarket.

“An Outstanding year,” “thrilled to report,” “record-breaking…” every U.S. hotel group CEO has been jubilant in their earnings calls these past days.

Choice Hotels International saw revenue spike in the fourth quarter of 2022 thanks to its August acquistion of the Radisson Hotel Group Americas for $675 million and its strengthened pricing power for room rates.

Choice Hotels has been defying gravity. While the U.S. economy has been clouded by gloom, the Rockville, Maryland-based hotel operator has enjoyed bookings above pre-pandemic levels. Many travelers are extending their business trips with leisure stays, boosting occupancy.

Some analysts aren’t buying the idea that Choice Hotels International is seriously contemplating an acquisition bid for Wyndham Hotels & Resorts, which The Wall Street Journal reported sources saying was a possibility on Tuesday.

Choice Hotels International is one of the half-dozen largest hotel chains by rooms under management. The Maryland-based business has 6,268 hotels open in the U.S. and 1,199 open internationally, as of March 31, for a total of 626,824 rooms.

Good morning from Skift. It’s Wednesday, August 9. Here’s what you need to know about the business of travel today.

Choice Hotels considers its recent acquistion of Radisson Americas to be a success and is open to pursuing additional mergers and acquisitions to keep expanding its hotel empire, according to executives speaking Tuesday during a second-quarter earnings call.

Wyndham and Choice Hotels are two of the largest asset-light franchisors of hotel rooms in the U.S., with nearly 100% of their portfolios under franchise agreements. Both Wyndham and Choice skew to the midscale and economy chain scales, unlike their more upscale peers Hilton, Marriott and IHG.

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There’s nothing new about discounted hotel rates available only to members of the hotel’s loyalty program who book direct. Of the major chains, Starwood was the first to offer member-only rates, beginning last year. And Hilton, Hyatt, Marriott, and InterContinental have since followed suit.