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Wyndham Board of Directors Sends Letter to Shareholders Highlighting Certain Path to Snarl Payment Critically in Powerful more than Selection’s Inadequate and Distress-Laden Provide

  • Urges Shareholders to Defend Their Investment and the Way forward for Wyndham by Supporting Simplest Wyndham’s Eight Highly-Qualified Director Nominees
  • Encourages Shareholders to Straggle to StayWyndham.com for Extra Data

The Board of Directors of Wyndham Hotels & Hotels (NYSE: WH) (“Wyndham” or the “Company”), the arena’s excellent hotel franchising firm with roughly 9,200 accommodations spanning bigger than 95 countries, despatched a letter to shareholders urging them to give protection to their investment and the capacity ahead for Wyndham by supporting simplest Wyndham’s eight extremely-qualified Director nominees and no longer the nominees from Selection Hotels World (NYSE: CHH) (“Selection”).

Wyndham has a sure direction to bring shareholder price substantially in extra of Selection’s inadequate and undecided provide. Wyndham’s Board has evaluated Selection’s proposal rigorously and in its entirety. The Board has been explicitly sure that in expose heart’s contents to assemble a proposal viable for shareholders, Selection must adequately address the three key complications Wyndham has continually raised: inadequate valuation, unattractive consideration mix and asymmetrical regulatory menace. Regardless of the Company’s efforts to hold interaction with Selection, Selection has demonstrated that it’s unable, or fair unwilling, to imply an entire provide equipment addressing these three complications.

Wyndham’s Board believes all eight of its nominees are more qualified with the fair appropriate mix of abilities and extremely linked abilities – including a protracted time of hotel franchising, world industry and public firm working abilities – to oversee the winning execution of Wyndham’s world technique and bring the most price to shareholders. The Board’s Company Governance Committee, comprised completely of Just Directors, conducted interviews with every of Selection’s eight nominees and sure that they lack the abilities, abilities and background in key areas serious to Wyndham’s industry and had been hand-picked by Selection with the sole aim of promoting Wyndham for loads no longer up to the Company is price.

The Company’s definitive proxy presents will most seemingly be filed and mailed rapidly, including the WHITE proxy card with instructions for a mode to vote. Your vote FOR ONLY Wyndham’s eight extremely-qualified Director nominees on the WHITE proxy card will most seemingly be serious for our upcoming 2024 Annual Meeting of Shareholders. Wyndham’s Board additionally urges shareholders to discard any presents or blue proxy card they’ll also receive from Selection. The letter to shareholders and other most well-known data linked to Wyndham’s Annual Meeting can even be found at https://www.staywyndham.com.

Deutsche Financial institution Securities Inc. and PJT Partners are serving as monetary advisors and Kirkland & Ellis LLP and Arnold & Porter Kaye Scholer LLP are fair appropriate advisors to Wyndham.

About Wyndham Hotels & Hotels

Wyndham Hotels & Hotels (NYSE: WH) is the arena’s excellent hotel franchising firm by the collection of properties, with roughly 9,200 accommodations at some level of over 95 countries on six continents. Through its network of roughly 872,000 rooms intriguing to the day after day traveler, Wyndham commands a leading presence within the economy and midscale segments of the lodging industry. The Company operates a portfolio of 24 hotel brands, including Unheard of 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Sequence® and Wyndham®. The Company’s award-a success Wyndham Rewards loyalty program presents over 106 million enrolled people the chance to redeem facets at thousands of accommodations, hunch club accommodations and hunch rentals globally. For more data, accelerate to www.wyndhamhotels.com.

The Company would possibly expend its net pages as a type of exposing materials deepest data and for complying with its disclosure tasks beneath Laws FD. Disclosures of this nature will most seemingly be incorporated on the Company’s net pages within the Merchants fragment, which is ready to on the 2nd be accessed at www.investor.wyndhamhotels.com. Accordingly, merchants would possibly still show screen this fragment of the Company’s net pages to boot to following the Company’s press releases, filings submitted with the Securities and Change Commission and any public conference calls or webcasts.

About Wyndham Rewards

Named the no 1 hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the arena’s most beneficiant rewards program with bigger than 50,000 accommodations, hunch club accommodations and hunch rentals worldwide.

Designed for the day after day traveller, people assemble a assured 1,000 facets with every qualified stop and will redeem facets for a huge array of rewards, including free nights at any of the roughly 9,100 accommodations or tens of thousands of hunch club accommodations and hunch rentals globally thru affiliation with Wyndham Locations and others. Wyndham Rewards has over 103 million enrolled people globally. Join without cost on the present time at www.wyndhamrewards.com. You hold earned this. ®

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