corporate merger
Zleep Hotels Merges With Core Hospitality
Core Hospitality | August 14, 2024
All 14 Zleep Hotels in Denmark are merging with the management company Core Hospitality to create one of the largest hotel operators in the country. Danish hotel company Zleep Hotels A/S is merging with the third-party hotel management company Core Hospitality A/S, creating the 4th largest hotel operating company from Denmark. The merger happens immediately after a split with Deutsche Hospitality; while the German hotel group now owns 100% of the Zleep Hotels brand, Core Hospitality owns 100% of the operations in Denmark. Combined, the new management company will continue as “Core Hospitality”, signifying its multi-brand strategy a...
Wyndham Board of Directors Sends Letter to Shareholders Highlighting Clear Path to Deliver Value Substantially in Excess of Choice’s Inadequate
Wyndham Hotels & Resorts | March 11, 2024
Urges Shareholders to Protect Their Investment and the Future of Wyndham by Supporting Only Wyndham's Eight Highly-Qualified Director Nominees Encourages Shareholders to Visit StayWyndham.com for More Information PARSIPPANY, N.J., March 11, 2024 -- The Board of Directors of Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,200 hotels spanning more than 95 countries, sent a letter to shareholders urging them to protect their investment and the future of Wyndham by supporting only Wyndham's eight highly-qualified Director nominees and not the nominees fr...
Wyndham Comments on Expiration of Choice’s Unsolicited Exchange Offer and Withdrawal of Director Nominees
Wyndham Hotels & Resorts | March 11, 2024
PARSIPPANY, N.J., March 11, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham") today commented on the expiration of Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") exchange offer and its decision to withdraw its slate of nominees for election to Wyndham's Board of Directors at the 2024 Annual Meeting of Shareholders: "The Wyndham Board is pleased that Choice has ended its hostile pursuit and proxy contest, following the expiration of its unsolicited exchange offer," said Stephen P. Holmes, Chairman of the Board. "We are confident in Wyndham's standalone strategy and growth prospects under the leadership of our proven...
Choice Hotels Provides Update on Exchange Offer and Proposal to Acquire Wyndham Hotels & Resorts
Choice Hotels | March 11, 2024
Announces Expiration of Exchange Offer and Withdrawal of Independent Director Candidates for Election at Wyndham's 2024 Annual Meeting Increases Share Repurchase Authorization Projects to Continue Delivering Strong Earnings Growth NORTH BETHESDA, Md., March 11, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice") today announced the expiration of the exchange offer to acquire all of the issued and outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham"). The Company is also withdrawing its nomination of the highly qualified, independent director candidates for election at Wyndham's 2...
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'...
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 Sets the Record Straight on Path to Regulatory Approval of Combination With Wyndham Hotels & Resorts
Choice Hotels | January 10, 2024
Calls Out Wyndham's Campaign of Disinformation Reiterates Commitment to Completing Pro-Competitive, Pro-Franchisee, and Pro-Guest Combination NORTH BETHESDA, Md., Jan. 10, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today issued an investor presentation and infographic disputing the false and misleading antitrust claims made by Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") in connection with Choice's proposal to acquire Wyndham. The presentation has been filed with the U.S. Securities and Exchange Commission and is also available at CreateValueWithChoice.com. Patrick Pacious, Presi...
