Confirming long-held rumors, Choice Hotels International has announced a proposal to acquire all the outstanding shares of Wyndham Hotels & Resorts at a price of $90 per share, payable in a mix of cash and stock. Choice is making its latest proposal public following Wyndham's decision to disengage from further discussions with Choice, following nearly six months of dialogue.

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Choice Hotels International is acquiring the franchise business, operations and intellectual property of Radisson Hotel Group Americas for $675 million.

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