We advised the initial purchasers on the high-yield offering

Davis Polk advised the initial purchasers on a Rule 144A / Regulation S offering by Wyndham Hotels & Resorts, Inc. of $650 million aggregate principal amount of 5.625% senior notes due 2033. The notes are guaranteed on a senior unsecured basis by certain subsidiaries of Wyndham Hotels & Resorts, Inc.

Headquartered in Parsippany, New Jersey, Wyndham Hotels & Resorts is the world’s largest hotel franchising company by number of franchised properties, with over 8,300 affiliated hotels with approximately 869,000 rooms located in approximately 100 countries and welcoming approximately 138 million guests annually worldwide.

The Davis Polk capital markets team included partner Derek Dostal and associate Raphaelle Desaleux. Partner Ethan R. Goldman and associates Omar Hersi, Afrika Nora Owes and Jenna Battaglia provided tax advice. All members of the Davis Polk team are based in the New York office.

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