Statement Regarding the Termination of Choice Hotel’s Proposed Takeover of Wyndham Hotels & Resorts

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Summary

The Federal Trade Commission (FTC) is a government agency that enforces federal competition and consumer protection laws to prevent anticompetitive, deceptive, and unfair business practices. The FTC promotes competition and protects consumers through law enforcement, advocacy, and education. The agency has recently announced that Choice Hotels International has abandoned its proposed acquisition of Wyndham Hotels & Resorts and withdrawn its nominations to replace Wyndham's Board of Directors. The FTC will continue to monitor the hotel industry to ensure that travelers have access to quality, affordable lodging and that hotel franchisors compete on the merits for franchisees.

Key Points

The FTC enforces federal competition and consumer protection laws
The agency promotes competition and protects consumers
The FTC has learned that Choice Hotels International has abandoned its proposed acquisition of Wyndham Hotels & Resorts
The agency will continue to monitor the hotel industry to ensure competition and protect consumers