Wyndham Hotels & Resorts has rejected an unsolicited $8 billion buyout by bid Choice Hotels International, Inc., saying it is not in the best interests of Wyndham shareholders. Noting that it is the world’s largest hotel franchising company, with 9,100 hotels in more than 95 countries, Wyndham called the proposal “involves significant business and execution risks, including an extended regulatory timeline and uncertainty of outcome, potential franchisee churn, and excessive leverage levels at the pro forma combined company.” It would take more than a year to determine if the…

Posted in Top Headlines by Cheryl Rosen