Choice Hotels International tips

Choice Hotels created a storm last October when it went public with a hostile takeover bid for Wyndham Hotels & Resorts. It is giving Wyndham stockholders until Friday to tender their shares.

Choice Hotels International said Wednesday that its global pipeline grew in the first months of the year, particularly for the development of conversion hotels.

Hoshino Resorts is small but punches above its weight. It only has 68 hotels, but several of them regularly top the most-recommended lists of Conde Nast Traveler and Travel + Leisure.

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

Choice Hotels is about to begin a year-long U.S. marketing campaign to raise awareness for its brands. Ads will air on linear and streaming TV and platforms like Spotify as part of a multi-million dollar effort.

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

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.

Choice Hotels said on Tuesday it had bought enough Wyndham stock to nominate candidates to the board of Wyndham, its takeover target.

Choice Hotels is preparing to nominate multiple directors to Wyndham Hotels & Resorts‘ board in an aggressive move to push its approximately $9.8 billion unsolicited merger bid between the two U.S.-based hotel companies.

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

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.

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

Founded in 1939, Choice Hotels International has evolved from a small chain of roadside hotels to one of the world’s largest hotel franchisors. Tracing its roots to its original name, Quality Courts United, Choice has established itself as a prominent player through acquisitions and is looking to get bigger with its latest bid for Wyndham Hotels.

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 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.

Choice Hotels International has signaled an intent to acquire Wyndham Hotels & Resorts, the Wall Street Journal reported on Tuesday.

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.

Choice Hotels, a U.S.-based franchisor, said on Tuesday it had opened an average of more than four hotels a week in the first half of 2023 — a 39% jump year-over-year. The steady onboarding of properties was one reason it reaffirmed its profit forecast for the year despite some industry concerns about leisure demand patterns in the U.S. going into reverse.

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