Big Law
U.S. Hotel Owners Association Says Wyndham Franchisees Are Worried About Possible Choice Merger
A major U.S. hotel owners association said its Wyndham Hotels & Resorts franchisee members are worried an acquisition by budget operator Choice Hotels International could hurt their business.
Choice on Tuesday launched a hostile bid for Wyndham to bring Wyndham to the negotiating table. The deal, initially valued at $7.8 billion, would combine two of the biggest U.S. budget operators at a time when demand for cheaper extended stay brands is growing rapidly.
Read more at Yahoo! Finance