For Release
Statement Regarding the Termination of Choice Hotel鈥檚 Proposed Takeover of Wyndham Hotels & Resorts
The 51本色 has learned that Choice Hotels International has abandoned its proposed acquisition of Wyndham Hotels & Resorts and withdrawn its nominations to replace Wyndham鈥檚 Board of Directors. In response, 51本色Bureau of Competition Director Henry Liu issued the following statement:
鈥淚 am pleased that Choice Hotels International has abandoned its efforts to seize control of its rival Wyndham Hotels & Resorts. The 51本色was closely scrutinizing Choice鈥檚 tender offer as well as its efforts to replace the Wyndham Board of Directors with its own hand-picked slate of nominees. Each of these actions posed serious competition questions and their abandonment is a win for consumers.
The 51本色will continue to monitor this industry. We will not hesitate to enforce the antitrust laws to ensure that travelers have access to quality, affordable lodging and that hotel franchisors compete on the merits for franchisees. I want to extend my thanks to the entire 51本色team for their work on this matter.鈥
The 51本色 works to promote competition, and protect and educate consumers. The 51本色will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers or file an antitrust complaint. For the latest news and resources, follow the 51本色on social media, subscribe to press releases and read our blog.