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Is Choice Hotels aiming to buy Wyndham?

Choice Hotels International (CHH.N) is seeking to buy Wyndham Hotels & Resorts (WH.N) in a deal that would create a U.S. budget hotel giant, a person familiar with the matter told Reuters on Tuesday.

reuters.com, Choice and Wyndham

Choice Hotels International (CHH.N) is seeking to buy Wyndham Hotels & Resorts (WH.N) in a deal that would create a U.S. budget hotel giant, a person familiar with the matter told Reuters on Tuesday.

The talks between the companies are at an early stage and it is not clear whether Wyndham is interested in pursuing a tie-up with Choice, the source said, requesting anonymity as these discussions are confidential.

If Wyndham decides not to proceed with a deal, Choice Hotels could choose to go hostile and take an offer directly to Wyndham's shareholders, the source said.

News of the potential deal comes at a time when high inflation and recession risks could sap consumer spending on travel and drive up demand for affordable hotels such as Choice and Wyndham.

The news was first reported by the Wall Street Journal on Tuesday, after which shares of Wyndham Hotels closed 5.1% higher, while Choice Hotels ended about 4.6% lower.

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Choice
Hotel GroupFranchise OrganizationBrand Owner

Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world, with over 7,500 hotels, representing more than 650,000 rooms, in 46 countries and territories. A wide-ranging portfolio of 22 brands, from full-service upper upscale properties to midscale, extended stay, and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and...

Wyndham
Hotel GroupManagement CompanyFranchise OrganizationBrand Owner

Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,100 hotels across over 95 countries on six continents. Through its network of approximately 836,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.