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Choice Hotels reportedly wants to buy Wyndham
Choice Hotels International is reportedly keen to buy Wyndham Hotels & Resorts.
The Wall Street Journal reported informal talks have taken place.
It says if Wyndham shows little interest, Choice may go directly to Wyndham’s shareholders with an offer, according to the source.
A merger would create a major hospitality player in the US and globally.
“We don’t comment on rumors. We are focused on business as usual,” Wyndham said in a statement.
Combined, the companies have a market cap of nearly $12 billion.
Wyndham operates 24 hotel brands and Choice has 22, with some overlap in the economy and midscale categories.
Wyndham brands include Days Inn, Super 8, Travelodge, La Quinta, Wyndham Garden and the all-inclusive Wyndham Alltra.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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