Topic: How To Invest

Power Growth Investor Hotline – Friday, October 20, 2023

Article Excerpt

WYNDHAM HOTELS & RESORTS INC., $73.66, is still a buy. The company (symbol WH on New York) is the world’s largest hotel franchiser, with 851,000 rooms spread across 9,100 hotels in 95 countries. Its portfolio of 24 brands includes Super 8, Days Inn, Wyndham Grand, Ramada, La Quinta and Wyndham. This week, the company rejected an unsolicited takeover offer from rival Choice Hotels International, Inc. (symbol CHH on New York). The offer, worth $90.00 per Wyndham share, consisted of $49.50 a share in cash (55% of the total) and 45% in Choice Hotel stock. Wyndham feels the offer undervalues its growth potential. Moreover, the merger of the two largest budget hotel operators in the U.S. would have a hard time winning regulatory approval. Even without a takeover, Wyndham’s prospects remain bright as travel volumes continue to rebound from the COVID-19 lockdowns. Wyndham Hotels is still a buy. Wyndham Hotels recent coverage: Hotline for October 6, 2023 September 2023 Issue DOMINO’S PIZZA INC., $347.69, remains a buy. Through their shares, investors…