PARSIPPANY, N.J., Nov. 14,
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
December 27, 2023 to shareholders of
record as of December 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 858,000 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 approximately 105 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