Although the hotel companies have not confirmed, it appears that Choice Hotels is interested in acquiring Wyndham Hotels & Resorts, according to a report by the Wall Street Journal.
The WSJ noted that the two companies are not yet in “serious talks” and “it is unclear whether Wyndham wants to do a deal.” He also shared that if Wyndham does not consider the deal, he will offer a direct election to Wyndham shareholders, according to Travel Weekly.
Both Choice Hotels and Wyndham have denied they are in the business. Select said the company “does not comment on rumors and trade speculation.”
For its part, Wyndham has indicated that it will not comment on the rumors, as it is to conduct business as usual, “to generate value for our franchisees, members, guests and interested parties”, according to the same medium.
Election Hotels announced to REPORTUR.us that it will acquire the franchise, operations, and intellectual properties of Radisson Hotels in the United States, Canada, Latin America, and the Caribbean, for approximately $675 million, with the real estate value of the three assets. . his own (Election bought Radisson 624 hotels in the Americas for $675 million).
The transaction is expected to close in mid-2022, pending regulatory approvals and customary closing requirements. Also, the business is financed by cash in hand and loans, and includes 10 Radisson Blu hotels, 130 Radisson hotels, 9 Radisson Individuals, 1 Park Plaza hotel, 4 Radisson Red hotels, 453 Country Inn & Suites by Radisson hotels and 17 hotels Park Inn by Radisson, as well as the Radisson Inn & Suites and Radisson Collection brands.
