Davis Polk advised the joint book-running managers on a Rule 144A / Regulation S offering by Wyndham Hotels & Resorts, Inc. of $500 million aggregate principal amount of 4.375% notes due 2028. 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, Inc. is the world’s largest hotel company based on number of affiliated hotels, with a global network of over 9,000 hotels and over 812,000 rooms in approximately 90 countries.

The Davis Polk corporate team included partner Derek Dostal and associates Carrie Guo and Ernesto Talamás Velázquez. Counsel Ethan R. Goldman and associate Bradford Sherman provided tax advice. Partner Gregory S. Rowland provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.