Choice Hotels Eyes Wyndham Hotels & Resorts: Report
Portfolio Pulse from Shivani Kumaresan
Choice Hotels International (NYSE:CHH) is reportedly considering acquiring Wyndham Hotels & Resorts (NYSE:WH). The deal, if approved, would create one of the largest budget hotel owners in the U.S. Both companies are valued at under $6 billion each.
May 24, 2023 | 11:26 am
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Choice Hotels (NYSE:CHH) is considering acquiring Wyndham Hotels & Resorts (NYSE:WH), potentially creating one of the largest budget hotel owners in the U.S.
The potential acquisition of Wyndham Hotels & Resorts by Choice Hotels could create one of the largest budget hotel owners in the U.S., which would likely have a positive impact on Choice Hotels' stock price in the short term. However, the deal is not yet confirmed, and the parties have not engaged in serious talks.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wyndham Hotels & Resorts (NYSE:WH) is reportedly being considered for acquisition by Choice Hotels International (NYSE:CHH). The deal, if approved, would create one of the largest budget hotel owners in the U.S.
The potential acquisition of Wyndham Hotels & Resorts by Choice Hotels could create one of the largest budget hotel owners in the U.S., which would likely have a positive impact on Wyndham's stock price in the short term. However, the deal is not yet confirmed, and the parties have not engaged in serious talks.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100