PARSIPPANY, N.J., May 12, 2021 /PRNewswire/ -- Wyndham
Hotels & Resorts, Inc. (NYSE: WH) announced today its
Board of Directors declared a quarterly cash dividend of
$0.16 per share on its common stock,
payable June 30, 2021 to shareholders
of record as of June 16, 2021.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company by the number of properties, with over 8,900 hotels across
nearly 95 countries on six continents. Through its network of
over 797,000 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 20
hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La
Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®,
Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is
also a leading provider of hotel management services. The Company's
award-winning Wyndham Rewards loyalty program offers 87 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 www.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 federal
securities laws, including statements related to Wyndham
Hotels' quarterly dividend.
Forward-looking statements include those that convey
management's expectations as to the future based on plans,
estimates and projections at the time Wyndham Hotels 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 Wyndham Hotels 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; the continuation or
worsening of the effects from COVID-19, its scope, duration and
impact on the Company's business operations, financial results,
cash flows and liquidity, as well as the impact on the Company's
franchisees and property owners, guests and team members, the
hospitality industry and overall demand for travel; the success of
the Company's mitigation efforts in response COVID-19; the
Company's performance in any recovery from COVID-19; the
performance of the financial and credit markets; the economic
environment for the hospitality industry; operating risks
associated with the hotel franchising and management businesses;
the Company's relationships with franchisees and property owners;
the impact of war, terrorist activity, political instability or
political strife; concerns with or threats of pandemics, contagious
diseases or health epidemics, including the effects of COVID-19 and
any resurgence or mutations of the virus and actions governments,
businesses and individuals take in response to the pandemic,
including stay-in-place directives and other travel restrictions;
risks related to restructuring or strategic initiatives; risks
related to the Company's relationship with CorePoint Lodging; 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
as a result of COVID-19; and the Company's ability to make or pay,
plans for, and the timing and amount of any 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.
Contacts
|
|
Investors:
Matt
Capuzzi
Senior Vice
President, Investor Relations
973
753-6453
ir@wyndham.com
|
Media:
Dave DeCecco
Group Vice President,
Global Communications 973 753-6590
WyndhamHotelsNews@wyndham.com
|
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SOURCE Wyndham Hotels & Resorts