Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations
FILE - The Wyndham Grand hotel is seen in Pittsburgh on March 20, 2017. , the company said Tuesday, Oct. 17, 2023. , the company said Tuesday.
The deal has a total value of about $7.8 billion. When including debt, it's valued at approximately $9.8 billion. Choice operates about 7,500 hotels in 46 countries. It's seeking to absorb a much larger chain in Wyndham, which operates nearly 9,300 hotels under a host of brands including Days Inn, Howard Johnson, La Quinta, Ramada, Super 8 and Travelodge.
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