On January 22, 2024, Choice Hotels International, Inc. announced that it has pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts, Inc. by nominating a slate of directors, Jay Shah, Susan Schnabel, James Nelson, Fiona Dias, Barbara Bennett, Emanuel Pearlman, Nana Mensah, and William Grounds, to replace Wyndham Hotels & Resorts, Inc.'s 8-member board. Choice Hotels International stated that its latest attempt to break a stalemate after trying for most of the last year to negotiate a deal with the Company, which has rebuffed the bid as low-premium and fraught with antitrust risk. Choice Hotels International stated that the Company has also raised concerns about the combined Company carrying too much debt and a slowdown in Choice Hotels International's business.