Wyndham Hotels to exit select-service management; receives $84M termination fee from CorePoint Lodging

WYNDHAM HOTELS & RESORTS, INC.

CorePoint Lodging will pay Wyndham approx $84M termination fees upon closing of CPLG's merger, targeted Q1 2022.
Wyndham's franchise agreements with CorePoint remain in place at current fee structure (5% royalties + 4.5% marketing).
CEO says exit from lower margin select-service management allows focus on asset-light franchising business.
Additional materials on potential financial impact posted on Wyndham's IR website.

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