The offer puts the value of the deal for Wyndham, the larger of the two chains, at about $8 billion. “While we would have preferred to come to a negotiated agreement, the Wyndham Board’s refusal to explore a transaction has left us with no choice but to take our proposal directly to Wyndham’s shareholders,” Choice CEO Patrick Pacious said in a prepared statement. “Wyndham chose to publicly reject our last proposal without any engagement even after we addressed their concerns, including adding significant regulatory protections for their shareholders.”
The Chelsea Harbour Hotel combats rising costs by unlocking new revenue streams
General manager Deepiesh Kumar Sethi says his team is focused on “attracting guests to the hotel outside of overnight stays". The Chelsea Harbour Hotel, part of The Millennium Hotel Group, is combatting rising operational costs by unlocking new revenue streams.
