Choice Hotels Eyes Wyndham Hotels & Resorts: Report

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  • Choice Hotels International Inc CHH is reportedly considering acquiring Wyndham Hotels & Resorts WH.
  • The parties are yet to engage in serious talks over the matter and it is also possible that the deal will not go through, reported the WSJ.
  • If approved, the transaction is expected to create one of the biggest budget hotel owners in the U.S.
  • Both the companies are valued at under $6 billion each.
  • With brands such as Quality Inn, Econo Lodge, Clarion and Comfort, Choice Hotels aims to grow in the upper-midscale and upscale segments.
  • The report further added Choice Hotels and Wyndham both operate with franchising models, and a deal would consolidate two smaller so-called hotel C corporations.
  • The report noted Wyndham’s 46% hotel rooms are in the economy sector, with about 44% in midscale and the remaining 10% in luxury.
  • Price Action: CHH shares closed lower by 4.56% at $113.40 on Tuesday.
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