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Choice, based in Rockville, Maryland, is offering $49.50 in cash and 0.324 shares of Choice common stock for each Wyndham share they own, a 20% premium to Wyndham's last closing price.
According to the proposal, the development would include 210,000 square feet of medical space, a hotel, ... Developer plans apartments, hotel, retail space in abandoned Acworth shopping center ...
Choice Hotels said Tuesday that its exchange offer to shareholders of Wyndham, which runs Days Inn, La Quinta, Ramada and a host of other brands, is the same as its last bid to company management ...
The spin-off of Wyndham's hotel business occurred on May 31, 2018, creating Wyndham Hotels & Resorts. In June 2024, the hotel chain has more than 9,200 hotels in over 95 countries, represented by 24 brands. [22] In October 2023, Choice Hotels announced a proposal to purchase all outstanding shares of Wyndham for $90 per share. [23]
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Days Inn is a hotel chain headquartered in the United States. It was founded in 1970 by Cecil B. Day, who opened the first location in Tybee Island, Georgia. The brand is now a part of the Wyndham Hotels and Resorts, headquartered in Parsippany, New Jersey, which used to be a part of Cendant. As of December 31, 2023, Days Inn includes 1,501 ...
Howard Johnson by Wyndham, [7] still commonly referred to as Howard Johnson's, is an American hotel brand with over 200 hotels in 15 countries. [6] It was also formerly a restaurant chain, which at one time was the largest in the U.S., with more than 1,000 locations.
Wyndham has gained 7.6% to $74 — well below the offer price by Choice — on uncertainty regarding a possible tie-up. The company initially offered $80 a share in April to buy Wyndham, then ...
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