Is Wyndham owned by Blackstone?
Is Wyndham owned by Blackstone? Blackstone had bought Wyndham International earlier in 2005. In 2006, as part of a plan to break Cendant up into four separate companies, its hotel and timeshare businesses were spun off as Wyndham Worldwide.
Who bought Wyndham?
ROCKVILLE, Md., Oct. 17, 2023 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today announced a proposal to acquire all the outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") at a price of $90.00 per share, payable in a mix of cash and stock.
Is Wyndham in financial trouble?
Based on the latest financial disclosure, Wyndham Hotels Resorts has a Probability Of Bankruptcy of 1.0%. This is 97.58% lower than that of the Hotels, Restaurants & Leisure sector and 97.15% lower than that of the Consumer Discretionary industry.
What did Blackstone do to Hilton?
The private equity firm had taken Hilton private in a $26 billion leveraged buyout in 2007. In 2016, Blackstone agreed to sell a 25 percent stake in Hilton to China's HNA Group Co Ltd [HNAIRC. UL] for $6.5 billion, three times what it paid in 2007.
Why is Wyndham changing its name?
The Travel + Leisure acquisition will result in Wyndham Destinations becoming the Travel + Leisure Co. The name change is a further signal the company wants to tap into new market segments that may not have been possible under its current brand.
Who did Blackstone sell Hilton to?
Including its final share sale, Blackstone will have executed 12 separate transactions to gradually sell off its Hilton holdings since 2014, including a 25 percent stake sale to HNA Group Co.
What is the Wyndham controversy?
Wyndham's Alleged Fraudulent Timeshare Scheme Class Action Suit. After paying over $80K to Wyndham for a timeshare bought in 2015, David and Brenda Kriens are now suing the timeshare conglomerate for sales fraud. According to the couple behind the class action lawsuit (David J. Kriens Sr., et al.
What is the new name for Wyndham?
On Feb. 17, 2021, our parent company was renamed Travel + Leisure Co. and made its debut as the world's leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. A link to a press release with more details is available here.