The contentious public negotiations — or rejection of negotiations — between Choice Hotels International and Wyndham Hotels & Resorts turned even more dramatic earlier this week when Choice took their pursuit formally hostile, announcing an exchange offer for available Wyndham shares for $90 in cash and shares and starting an antitrust review to take a larger stake in their competitor.
Choice has spent roughly eight months pursuing Wyndham and is now offering roughly $8 billion in hopes of creating a combined company that would be the dominant player in economy and midscale hotels.
Hotel News Now aggregated what is known about the back-and-forth between the two companies to show how a rare hostile takeover attempt in the hotel industry has come to be.