Marriages between major, global hotel groups would indeed be tremendously complex, but they are certainly not out of the question. Wyndham reportedly thought that a tie-up with InterContinental Hotels would be very practical.
Sky News reports that one of U.S.-based Wyndham’s key motivations behind the offer, which InterContinental spurned, was to gain a tax advantage by merging with UK-headquartered IHG. Talks are not ongoing, but could be revived, according to the report.
When a report of the $10 billion offer surfaced last month, analysts speculated that the suitor likely was Starwood Hotels or an investment fund such as Starwood Capital.
InterContinental Hotels CEO Richard Solomons told Skift during a press conference at a hotel industry conference last month that the initial report about the merger was speculative in nature, and that IHG was focusing on organic growth.
Marriott CEO Arne Sorenson chimed in that it would be too complex these days for major hotel groups to merge, and that most were focused instead on creating new brands.
Subscribe to Skift Pro
Subscribe to Skift Pro to get unlimited access to stories like these ($30/month)Subscribe Now
Photo Credit: Wyndham covets InterContintal Hotels Group and reportedly offer $10 billion to acquire IHG. Wyndham Worldwide
A Contrarian Investment for Luxury: The Humble Doorman
First impressions still count. Luxury hoteliers need to double down on doormen and the crucial first few minutes of arrival. It changes the game of a stay.
Colin Nagy | 17 hours ago
A Deaf Traveler Opens Up About Making Travel More Accessible
Accessible travel shouldn't be something to be checked off a list. Instead, Marlene Valle says, it's a human right.
Ruthy Munoz | 5 days ago