As of early 2026, Wyndham Hotels & Resorts remains an independent, publicly traded company (NYSE: WH). There was a major, highly publicized attempt by Choice Hotels International to acquire Wyndham through a hostile takeover bid that began in late 2023. Choice Hotels offered approximately $8 billion for the company, but Wyndham’s board of directors repeatedly rejected the offer, arguing that it undervalued the company and posed significant regulatory risks. After months of back-and-forth, including a proxy battle where Choice tried to nominate its own members to Wyndham’s board, Choice Hotels officially withdrew its exchange offer in March 2024. This left Wyndham to continue its own "Wyndham Advantage" growth strategy independently. While there is always speculation about future mergers in the hospitality industry involving giants like Marriott or Blackstone, Wyndham has successfully defended its independence and continues to operate as the world's largest hotel franchising company by number of properties, encompassing brands like La Quinta, Days Inn, and Ramada.