The board of directors of Wyndham Hotels & Resorts Inc. has approved the resumption of the company’s share repurchase program, which has $191 million available under its current authorization for repurchase.
“Resuming our share repurchase program reflects the board’s continued confidence in our ability to generate significant cash flow and the resiliency of our business model, which continues to lead the industry’s recovery and positions us to emerge from the pandemic stronger than before,” said Geoffrey A. Ballotti, president/CEO, Wyndham.
The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors. Repurchases may be conducted through a variety of methods, including open market purchases or in privately negotiated transactions. The company’s share repurchase program has no termination date and may be suspended or discontinued at any time.