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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]
In 2005, Cendant bought the Wyndham hotel brand from the Blackstone Group. On July 31, 2006, Wyndham Worldwide was created as a spin-off from Cendant with ownership of its hotel and timeshare businesses, as part of a plan to break Cendant up into four separate companies. In 2013, Wyndham acquired Shell Vacations Club for $102 million plus $153 ...
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As of March 2019, the franchise has approximately 9,157 hotels internationally — 812,100 rooms — primarily in the United States. Previously the CEO of Wyndham […] Wyndham Hotels & Resorts ...
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.
Ramada is a large American multinational hotel chain owned by Wyndham Hotels & Resorts. As of December 31, 2022, it operates 851 hotels with 120,344 rooms across 63 countries under the Ramada brand. As of December 31, 2022, it operates 851 hotels with 120,344 rooms across 63 countries under the Ramada brand.
The firm grew rapidly in the late 1990s, acquiring multiple portfolios of hotels and renaming them Wyndhams. In 1998, the company introduced a short-lived luxury brand, Grand Bay Hotels & Resorts, which would include 11 hotels that the company had acquired over the past few years and would turn Wyndham into a multi-brand hotel operating and ownership organization.
Wyndham last year rejected a hostile takeover offer from rival Choice Hotels. The company’s shares are down about 9.5% year to date, but have been on something of a rebound for the past month.