Wyndham Hotels & Resorts was formally incorporated on the 1st of June 2018, as a spinoff from Wyndham Worldwide, which later renamed itself Travel + Leisure. The spinoff itself occurred on the 31st of May 2018.
Who created the original Wyndham hotel brand?
Trammell Crow, president of Trammell Crow Company, created the Wyndham hotel brand in Dallas, Texas, in 1981. Business journalist Wyndham Robertson claimed the chain was named after her, saying Crow told her privately that he loved her name.
How many hotel brands does Wyndham Hotels & Resorts own?
As of 2024, Wyndham Hotels & Resorts operates a portfolio of 25 hotel brands, including Days Inn, Howard Johnson, Ramada, Super 8, La Quinta, Travelodge, and Microtel, among others.
How much did Wyndham pay for La Quinta Hotels?
Wyndham paid $1.95 billion in cash for the La Quinta hotel brand on the 30th of May 2018. The acquisition included the franchise rights to 900 hotels with more than 89,000 rooms, as well as La Quinta's associated management business.
What happened with the FTC lawsuit against Wyndham Hotels?
The Federal Trade Commission filed suit against Wyndham in June 2012 after a security breach exposed payment card data for hundreds of thousands of customers. Wyndham chose to contest the case in court rather than settle, and in April 2014, Judge Esther Salas of the United States District Court for the District of New Jersey denied Wyndham's motion to dismiss.
Did Choice Hotels try to acquire Wyndham Hotels & Resorts?
Yes. In October 2023, Choice Hotels announced a proposal to purchase all outstanding shares of Wyndham at $90 per share. That offer came after Wyndham had already declined an earlier direct acquisition bid from Choice Hotels.