company acquisition
Cendyn Acquires Knowland and Announces Private Equity Partner Haveli Investments
Cendyn | October 1, 2024
Integrated hospitality solutions leader dives deeper into group sales, meetings, and events in its latest acquisition supported by its investors, including Haveli Investments Austin, Texas, USA – 1 October 2024: Cendyn, a global hospitality cloud-based technology company, has acquired Knowland, the US-based leader in data-as-a-service intelligence on meetings and events for hospitality. The strategic acquisition presents an opportunity to enhance sales prospecting by yielding greater bookings in the MICE (meetings, incentives, conferences, and events) space. Knowland’s platform includes extensive market intelligence data on meetings ...
BirchStreet Systems Acquires ReactorNet Technologies
BirchStreet Systems | March 5, 2024
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Wyndham Comments on Choice’s Self-Serving Director Nominations
Wyndham Hotels & Resorts | January 22, 2024
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Choice Hotels Proposes a Full Slate of Independent, Highly Qualified Individuals for Election at the 2024 Annual Meeting of Wyndham Hotels & Reso
Choice Hotels | January 22, 2024
Nominees Are Seasoned Leaders with Financial and Operational Experience Across Hospitality, Franchising and Other Relevant Industries Wyndham Shareholders Deserve a Board Focused on Good Governance and Its Fiduciary Duty to Drive Shareholder Value NORTH BETHESDA, Md., Jan. 22, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), one of the world's most successful lodging franchisors, today announced that it has proposed eight independent, highly qualified individuals to stand for election at the 2024 Annual Shareholder Meeting of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham"). Stewart W. Bainum, Chair of Choice'...
IBS Software Acquires APS® for $90 Million as It Targets Major Growth in Hospitality Sector
ABOVE PROPERTY SERVICES (APS®) | January 17, 2024
Acquisition allows IBS Software to add state-of-the-art CRS, PMS and RMS capabilities to its established booking engine and distribution platform, significantly increasing its addressable market in hospitality Atlanta, 17 January 2024 – IBS Software, a leading SaaS solutions provider to the travel industry globally, has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS®). The $90 million transaction will further solidify IBS Software’s position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality i...
Wyndham Confirms Receipt of Expansive FTC Second Request Under HSR Act for Choice’s Unsolicited Hostile Offer to Acquire Wyndham
Wyndham Hotels & Resorts | January 12, 2024
Extended Regulatory Review Certain Offer Continues to Undervalue Wyndham and Exposes Wyndham Shareholders to Significant Asymmetrical Risk PARSIPPANY, N.J., Jan. 12, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today confirmed receipt of a 40-page and 65-topic 'Second Request' from the Federal Trade Commission in connection with Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") unsolicited proposed acquisition of Wyndham: "From the beginning, Wyndham has consistently stated that this...
Choice Hotels Completes Radisson Hotels Americas Integration Just 16 Months After Acquisition
Choice Hotels | December 13, 2023
Company's Expertise and Experience in Integrating Hotel Brands Results in Rapid Onboarding of Hundreds of Radisson Properties NORTH BETHESDA, Md., Dec. 13, 2023 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest and most successful lodging franchisors, announced today that it has completed the integration of the Radisson Hotels Americas business, transitioning nearly 600 hotels to Choice's world-class franchise success system and digital platforms. The milestone comes just 16 months after Choice acquired the Radisson Hotels Americas brands in August 2022. "Completing the integration in such a short amount o...
Choice Hotels Calls on Wyndham Hotels & Resorts to Engage in Discussions
Choice Hotels | October 26, 2023
Choice Sees a Clear Path to Completion and Remains Committed to the Transaction Ready to Move Expeditiously to Provide Requisite Transaction Certainty Strongly Urges Wyndham to Return to the Negotiating Table ROCKVILLE, Md., Oct. 26, 2023 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today called upon the board of directors of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") to engage in good faith discussions so that shareholders of both companies can benefit from the compelling combination. Patrick Pacious, President and Chief Executive Officer of Choice, said, "We appreciate the positive feed...
