PARSIPPANY, N.J., Aug. 16,
2023 /PRNewswire/ -- Wyndham Hotels &
Resorts, Inc. (NYSE: WH) announced today its Board of
Directors declared a quarterly cash dividend of $0.35 per share on its common stock, payable
September 27, 2023 to shareholders of
record as of September 13, 2023.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company by the number of properties, with approximately 9,100
hotels across over 95 countries on six continents. Through its
network of approximately 852,000 rooms appealing to the everyday
traveler, Wyndham commands a leading presence in the economy and
midscale segments of the lodging industry. The Company operates a
portfolio of 24 hotel brands, including Super 8®, Days Inn®,
Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®,
Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's
award-winning Wyndham Rewards loyalty program offers over 103
million enrolled members the opportunity to redeem points at
thousands of hotels, vacation club resorts and vacation rentals
globally. For more information, visit www.wyndhamhotels.com. The
Company may use its website as a means of disclosing material
non-public information and for complying with its disclosure
obligations under Regulation FD. Disclosures of this nature will be
included on the Company's website in the Investors section, which
can currently be accessed at https://investor.wyndhamhotels.com.
Accordingly, investors should monitor this section of the Company's
website in addition to following the Company's press releases,
filings submitted with the Securities and Exchange Commission and
any public conference calls or webcasts.
Forward-Looking Statements
This press release
contains "forward-looking statements" within the meaning of the
federal securities laws, including statements related to the
Company's quarterly dividend. The Company claims the protection of
the Safe Harbor contained in the Private Securities Litigation
Reform Act of 1995 for forward looking statements. Forward-looking
statements include those that convey management's expectations as
to the future based on plans, estimates and projections at the time
the Company makes the statements. Forward-looking statements
involve known and unknown risks, uncertainties and other factors,
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release.
Factors that could cause actual results to differ materially
from those in the forward-looking statements include, without
limitation, general economic conditions, including inflation,
higher interest rates and potential recessionary pressures; the
worsening of the effects from the coronavirus pandemic
("COVID-19"); COVID-19's scope, duration, resurgence and impact on
the Company's business operations, financial results, cash flows
and liquidity, as well as the impact on the Company's franchisees,
guests and team members, the hospitality industry and overall
demand for and restrictions on travel the Company's continued
performance during the recovery from COVID-19 and any resurgence or
mutations of the virus concerns with or threats of other pandemics,
contagious diseases or health epidemics, including the effects of
COVID-19; the performance of the financial and credit markets; the
economic environment for the hospitality industry; operating risks
associated with the hotel franchising business; the Company's
relationships with franchisees; the impact of war, terrorist
activity, political instability or political strife, including the
ongoing conflict between Russia
and Ukraine; the Company's ability
to satisfy obligations and agreements under its outstanding
indebtedness, including the payment of principal and interest and
compliance with the covenants thereunder; risks related to the
Company's ability to obtain financing and the terms of such
financing, including access to liquidity and capital; and the
Company's ability to make or pay, plans for and the timing and
amount of any future share repurchases and/or dividends, as well as
the risks described in the Company's most recent Annual Report on
Form 10-K filed with the Securities and Exchange Commission and any
subsequent reports filed with the Securities and Exchange
Commission. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, subsequent events or otherwise, except as required by
law.
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SOURCE Wyndham Hotels & Resorts