Choice Hotels has made yet another, more assertive move in its hostile takeover bid of rival Wyndham. It looks like shareholders will be voting on a potential merger when they consider board elections in May.
Short of taking out a billboard or skywriting, we have no idea how much more Wyndham Hotels & Resorts can do to tell Choice Hotels to go away on its bid.
Wyndham is playing very hard to get. And unless lovestruck Choice is equipped to sweeten its offer, it may view this target forever as the one who got away.
Wyndham Grand Bangsar Kuala Lumpur announced its grand opening. The former Pullman Kuala Lumpur Bangsar was converted to Wyndham Grand, marking the first Wyndham Grand hotel in Malaysia.
Choice Hotels is seeing weakness in its hotel development pipeline. That may not improve much if it remains distracted by pursuing a merger with Wyndham.
Choice Hotels, after the close yesterday, issued a press release asking (demanding?) Wyndham Hotels to come back to the table and engage them in discussions regarding a transaction.