Wyndham Board Determines New Choice Letter is Step Backwards ...Middle East

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Wyndham Board Determines New Choice Letter is Step Backwards
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 announced that its Board of Directors received a letter from Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), on November 14, 2023. Wyndham’s Board of Directors, together with its financial and legal advisors, closely reviewed Choice’s letter and determined that it represents a step backwards and that the terms Choice outlined are not in the best interests of Wyndham or its shareholders. Wyndham responded to Choice in a letter dated November 21, 2023, included below.

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