EX-1
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“Similarly, Major Hotel Brands Like Marriott, Hilton, Ihg, and Hyatt Are Pervasive and Competitive. They Collectively Control About 100 Brands Across All Tiers of Service. With That Competitive Landscape in Mind, the Proposed Merger Between Two Smaller Hospitality Companies, Choice Hotels and Wyndham Hotels & Resorts, Will Make the Combined Company a Stronger Competitor in an Already Competitive Field. Regarding Competition, This Merger Has a Clear Regulatory Path to Close. How? Per New Merger Guidelines Issued by the U.S. Department of J Ustice and the Federal Trade Commission in December of Last Year, ‘A Merger That Creates a Firm With a Share Over Thirty Percent Is Also Presumed to Substantially Lessen Competition or Tend to Create a Monopoly.’ Together, Choice and Wyndham Will Only Account for 10% of U.S. Room Revenue.”
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EX-1.2
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Cnn Business Comfort Inn’s Owner Doubles Down on Its Hostile Takeover Bid for the Company That Owns Days Inn by Jordan Valinsky 12 December 2023 Choice Hotels, Which Owns a Number of Budget Lodging Brands, Including Comfort Inn, Is Getting More Aggressive in Its Attempt to Acquire Its Rival Wyndham Hotels. on Tuesday, Choice Said It Will Expand Its Several Monthslong Hostile Takeover Bid of the Days Inn Owner by Taking Its Offer Directly to Shareholders. in October, Choice Offered to Buy Wyndham’s Stock for Around $8 Billion. to Further Pressure Wyndham Into Accepting the Bid, Choice Said It Plans to Nominate a Slate of Directors to Wyndham’s Board. Choice Said in a Press Release That a Merger With Wyndham Is “Pro-Competitive and Would Generate Value for Both Wyndham and Choice Shareholders as Well as Deliver Significant Benefits to Franchisees, Guests and Associates of Both Companies.” but Wyndham Has Refused to Engage With Choice Thus Far. “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 Statement. Shares of Wyndham (Wh) and Choice (CHH) Were Flat in Early Trading. Choice First Approached Wyndham With the Bid in April With a Cash and Stock Offer and Has Made Numerous Bids Since. Most Recently in October, Wyndham Rejected and Blasted Choice’s Bid as “Underwhelming” and “Opportunistic” Because It “Undervalues Wyndham’s Future Growth Potential.” Pacious Said the Company Will Meet With Wyndham’s Shareholders “In the Days and Weeks Ahead.” Wyndham Commented That It Will “Carefully Review and Evaluate the Offer to Determine the Course of Action That It Believes Is in the Best Interests of Wyndham and Its Shareholders.”
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EX-1.1
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Choice Hotels International Celebrates Year of Accelerating Net Unit Growth Distinct Revenue-Intense Growth Strategy Delivers Strong Development Results 1.4% Domestic Upscale, Midscale, Extended Stay Hotel Unit Growth ~2% Choice Legacy Brands Revenue Intense Unit Growth 2.6% International Unit Growth 98% Franchisee Voluntary Retention Rate Extending the Lead in Extended Stay #1 Economy Extended Stay Brand From J.D. Power (Woodspring Suites)* 61 Hotels Opened in 2023 – A Record Year for Choice Record Year for Suburban Studios, With 25 Openings Record Year for Woodspring Suites, With 24 Openings Everhome Suites, Expanded Pipeline to 66 Properties, With an Additional 16 Under Construction Upping the Game in Upscale #1 Upscale Brand From J.D. Power (Cambria Hotels)* 19 Opened Ascend Hotel Collection Properties 8% Yoy Radisson Upscale Brand Revpar 74 Open Cambria Hotels (9 Openings in 2023) Growing Even More in the Core 33 Comfort Openings – The Most in a Single Year Since 2019 35 Quality Inn Openings 64 Quality Inn Franchise Agreements Awarded Rapid Integration Setting the Stage for New Growth 26% Digital Bookings – Legacy Radisson Americas Brands, Yoy From August to November 2023 36% Digital Bookings – Country Inn & Suites, Yoy From August to November 2023 19 New Country Inn & Suites Franchise Agreements Awarded in 2023 (Most Since 2016), With 10 of Those Awarded in December Alone Expanding the ‘International’ in Choice Hotels International +2.6% Unit Growth in 2023 – One of the Most Successful Years for International Development Extended Strawberry Master Franchise Agreement and Executed Distribution Partnership With Sercotel Doubled French Footprint (+33 Properties in 2024-2025) – Signed Agreement With Zenitude Hotel Residences Acquired Franchise Rights for City Edge Apartment Hotels
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