Home Travel News & Insights In Spite Of Pushback From Wyndham, Choice Hotels CEO Is Confident the Deal Will Happen

In Spite Of Pushback From Wyndham, Choice Hotels CEO Is Confident the Deal Will Happen

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In Spite Of Pushback From Wyndham, Choice Hotels CEO Is Confident the Deal Will Happen

In Spite Of Pushback From Wyndham, Choice Hotels CEO Is Confident the Deal Will Happen

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CoStar

vacation Radisson Blu Aqua Hotel, Chicago - Exterior
Regardless Of Pushback From Wyndham, Choice Hotels CEO Is Confident the Deal Will Happen

Excerpt from CoStar

Option openly used a combined $9.8 billion to buy Wyndham on Oct. 17 and was immediately shot down by Wyndham authorities. A little more than a week after the deal, Stephen Holmes, chairman of Wyndham's board of directors, stated throughout Wyndham's third-quarter profits call that Choice's public quote was “a desperate grab to attempt and resolve issues that the business has.”

Pat Pacious, president and CEO of Choice, stated throughout the business's third-quarter profits call Tuesday that regardless of the strong pushback from Wyndham, Choice is positive in getting an offer done.

“The tactical reasoning is just merely too engaging not to see it all the method through,” he stated. “We're aware of what our choices are to see this all the method through, and we're positive we'll get the deal finished.”

Pacious stated that Choice wishes to continue speaking to the Wyndham board to pursue getting an offer done. He stated Choice chose to make the deal public after 6 months of personal settlements that “led to little development.”

When asked if Choice would think about a financial relocate to sweeten the deal and bring Wyndham back to the negotiating table, Pacious stated he's “not going to have that discussion on this call, however we're delighted to have that discussion with the Wyndham board.”

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