Alternative Resorts Proposes a Full Slate of Impartial, Extremely Certified People for Election on the 2024 Annual Assembly of Wyndham Resorts & Resorts

• Nominees Are Seasoned Leaders with Monetary and Operational Expertise Throughout Hospitality, Franchising and Different Related Industries
• Wyndham Shareholders Deserve a Board Targeted on Good Governance and Its Fiduciary Responsibility to Drive Shareholder Worth

Alternative Resorts Worldwide, Inc. (NYSE: CHH) (“Alternative”), one of many world’s most profitable lodging franchisors, right this moment introduced that it has proposed eight impartial, extremely certified people to face for election on the 2024 Annual Shareholder Assembly of Wyndham Resorts & Resorts, Inc. (NYSE: WH) (“Wyndham”).

These nominees are confirmed leaders with wide-ranging experience throughout related industries, together with deep proficiency within the hospitality and franchising sectors. We’re assured the nominees’ business, finance, governance and board expertise will significantly profit Wyndham shareholders. Most significantly, if elected, the nominees will train their impartial judgment to serve Wyndham shareholders’ greatest pursuits, which Alternative believes is to maneuver with urgency to maximise the worth that could possibly be created for them via a mixture with Alternative. Stewart W. Bainum, Chair of Alternative’s Board of Administrators 

With this slate of impartial, extremely certified candidates for election to the Wyndham Board, Wyndham shareholders can have a chance to be represented by a board that can fulfill its fiduciary obligation to behave within the shareholders’ greatest pursuits and think about any and all paths to create worth. Sadly, the present Wyndham Board continues to refuse to interact in significant negotiations concerning a mixture with Alternative that might create extraordinary worth. By supporting these nominees and collaborating in our change supply, Wyndham shareholders can ship a transparent message to the Wyndham Board. Patrick Pacious, President and Chief Govt Officer of Alternative

The nominees proposed by Alternative perceive the nuances of the franchising mannequin and the rising stress franchisees face from rising working prices, bigger resort chains and dominant on-line journey businesses – pressures that can solely mount because the lodging sector turns into much more aggressive with new model entrants. The nominees are:

• Barbara Bennett: Barbara Bennett has served because the Founder and Principal Govt of Bennett West LLC, a enterprise consulting agency, since 2020. Whereas consulting at Bennett West, she served because the Chief Working Officer for Waverley Road Basis, a start-up nonprofit supporting group local weather options. Ms. Bennett spent nearly all of her profession at Discovery Communications, Inc., the place she served for 17 years in senior monetary management roles, together with because the Chief Monetary Officer. Ms. Bennett has served in numerous different govt roles all through her profession, together with as President and Chief Working Officer of Vulcan Inc., a diversified administration firm based by the late Paul Allen, the Govt Vice President and Chief Monetary Officer of Digital First Media and the senate-confirmed Chief Monetary Officer of the U.S. Environmental Safety Company, in addition to on quite a lot of non-profit and for-profit boards. All through her profession, she has acquired substantial expertise in govt management, governmental issues, company finance and company governance.
• Emanuel Pearlman: Emanuel Pearlman has served because the Chair and Chief Govt Officer of Liberation Funding Group, an funding administration and monetary consulting agency which he based, since 2003. On high of his 20-plus years of expertise in a number of disciplines together with hospitality, journey and company finance, Mr. Pearlman has been a precious addition on the boards of quite a few public firms all through his profession, together with present service on the boards of Diebold Nixdorf, Inc., a worldwide firm that gives banking options and retail know-how techniques (member of the Finance and Individuals & Compensation Committees), Community-1 Applied sciences, Inc., an mental property improvement and monetization service supplier (Chair of the Audit Committee and member of the Nominating and Company Governance Committee), and MidCap Monetary Funding Company, a enterprise improvement group centered on offering senior debt options to center market firms (member of the Audit, Compensation and Nominating and Company Governance Committees). He beforehand served on, amongst others, the boards of Crimson Field Leisure, Inc. (Chair of the Strategic Evaluate Committee), Atlas Crest Funding Corp. (Chair of the Audit Committee and member of the Compensation and Nomination & Governance Committees), Atlas Crest Funding Corp. II (Chair of the Audit Committee and member of the Compensation and Nomination & Governance Committees), Empire Resorts, Inc. (Chair of the Board) and CEVA Logistics, AG (member of the Audit and Nomination & Governance Committees). Mr. Pearlman has substantial mergers and acquisitions, company finance and company governance expertise.
• Fiona Dias: Fiona Dias is a digital commerce guide and served because the Chief Technique Officer of ShopRunner, a web-based procuring service, from 2011 to 2014. Previous to her position at ShopRunner, Ms. Dias held the Govt Vice President of Technique & Advertising position at GSI Commerce, Inc., a supplier of digital commerce options. Previous to that, she was the Govt Vice President and Chief Advertising Officer of Circuit Metropolis Shops, a specialty retailer of shopper electronics, and in addition served in senior advertising positions with PepsiCo, Pennzoil-Quaker State, and Procter & Gamble. Ms. Dias additionally has substantial expertise on quite a few public firm boards, together with present service on the boards of Anyplace Actual Property, Inc., the main and most built-in supplier of U.S. residential actual property providers (member of the Compensation and Product & Expertise Committees), and Qurate Retail, Inc., the biggest participant in video commerce (member of the Audit and Nominating & Governance Committees). She beforehand served on the boards of Berkshire Gray Inc. (Chair of the Nominating & Governance Committee and member of the Audit Committee), Advance Auto Components Inc. (member of the Compensation, Finance, and Nominating & Governance Committees), Dwelling Purchasing Community, Inc. (member of the Compensation Committee), Alternative Resorts Worldwide, Inc. (Chair of the Range Committee and member of the Compensation and Nominating & Governance Committees) and Lifetime Manufacturers Inc. Ms. Dias has substantial information in hospitality, govt management and company governance.
• James Nelson: James Nelson has served as Chief Govt Officer of International Web Lease, Inc., a publicly traded actual property funding belief centered on buying a worldwide portfolio of business properties, since 2017. Mr. Nelson led the September 2023 merger of The Necessity Retail REIT Inc. and International Web Lease. Earlier than International Web Lease, Mr. Nelson was Chair and Chief Govt Officer of Eaglescliff Company, a specialty funding banking, consulting, and wealth administration firm. He additionally has substantial expertise on quite a few public firm boards, together with present service on the boards of International Web Lease and Chewy, Inc., a number one digital pet product market (Chair of the Audit Committee). He beforehand served on, amongst others, the boards of Xerox Holdings Company (Chair and member of the Audit, Expertise and Company Governance Committees), Roman DBDR Tech Acquisition Corp. (Chair of the Audit Committee), Herbalife Ltd. (Lead Director and member of the Audit Committee), Caesars Leisure Company (member of the Audit Committee) and Icahn Enterprises G.P. Inc. (member of the Audit Committee). Mr. Nelson has practically 4 a long time {of professional} expertise in mergers and acquisitions, govt management, company finance and company governance.
• Jay Shah:
  Jay Shah has served because the Govt Chair of the Board of Trustees of Hersha Hospitality Belief, also referred to as Hersha Resorts and Resorts, an actual property funding belief that owns and operates luxurious and way of life inns in city gateway and regional resort markets, since 2023. He beforehand served as its Chief Govt Officer. Mr. Shah additionally presently serves on the board of HHM Resorts, a non-public fairness backed resort administration and funding platform, in addition to the Cornell College Dean’s Advisory Board for the Faculty of Resort Administration. He’s additionally on the board of the American Resort and Lodging Affiliation. Mr. Shah is an skilled hospitality govt with experience in franchising, resort administration, govt management and company finance.
• Nana Mensah:
  Nana Mensah has served because the founder, Chair and Chief Govt Officer of ‘XPORTS Inc., a privately held firm that exports meals packaging and meals processing tools to distributors and wholesalers exterior of america, since 2005. Previous to his position at ‘XPORTS, Mr. Mensah served because the Chief Working Officer of Church’s Rooster. He has additionally held senior positions with Lengthy John Silver’s, PepsiCo and KFC all through his profession. Mr. Mensah presently serves on the board of public firm Darden Eating places Inc., a premier full-service eating firm and franchisor for greater than 1,900 eating places (Chair of the Finance Committee and member of the Compensation Committee). He beforehand served on the board of Reynolds American Inc. (Chair of the Compensation & Management Improvement Committee and member of the Company Governance, Nominating and Sustainability Committee). Mr. Mensah has spent a long time constructing a wealth of information in franchising, hospitality, mergers and acquisitions and company governance.
• Susan Schnabel: Susan Schnabel has served because the Founder and Co-Managing Accomplice of aPriori Capital Companions, an impartial leveraged buyout fund advisor, since 2014. Previous to her position at aPriori, she spent 14 years at Credit score Suisse, together with as Managing Director within the Asset Administration Division and Co-Head of DLJ Service provider Banking Companions. She has substantial expertise on quite a few public firm boards, together with present service on the boards of Altice USA Inc., one of many largest broadband communications and video providers suppliers in america (member of the Audit and Compensation Committees), Kayne Anderson BDC, an funding group centered on debt investments in middle-market firms (member of the Audit and Nominating Committees), and KKR Non-public Fairness Conglomerate (member of the Audit Committee). She beforehand served on the board of Versum Supplies, Inc. (member of the Audit, Company Governance and Nominating Committees). Ms. Schnabel has substantial expertise in mergers and acquisitions, govt management and company finance.
• William Grounds: William Grounds has served as Principal of his wholly owned advisory enterprise, Burraneer Capital Advisors LLC, since 2022. Moreover, he served because the President and Chief Working Officer of Infinity World Improvement Corp., whose principal enterprise was a $5 billion funding within the CityCenter combined use built-in resort property positioned in Las Vegas, Nevada. Mr. Grounds additionally led the personal fairness actual property funds administration enterprise for Investa Property Group, an actual property funding supervisor. Mr. Grounds presently serves on the boards of administrators of PointsBet Holdings, a worldwide on-line gaming firm, and Shopper Portfolio Companies, a shopper finance firm (member of the Compensation and Nominating Committees). He beforehand served on the boards of public firms MGM Resorts Worldwide (member of the Company Social Duty and ESG Committees) and Comment Holdings (member of the Compensation, Audit & Nominating & Governance Committees). Mr. Grounds is an skilled chief in hospitality, actual property, govt management and company finance.

Alternative Resorts Worldwide, Inc. (NYSE: CHH) is without doubt one of the main lodging franchisors on the planet. Alternative® has practically 7,500 inns, representing nearly 630,000 rooms, in 46 international locations and territories. A various portfolio of twenty-two manufacturers that vary from full-service higher upscale properties to midscale, prolonged keep and economic system permits Alternative® to satisfy vacationers’ wants in additional locations and for extra events whereas driving extra worth for franchise homeowners and shareholders. The award-winning Alternative Privileges® loyalty program and co-brand bank card choices present members with a quick and simple strategy to earn reward nights and personalised perks. For extra data, go to www.Choicehotels.com.

© 2023 Alternative Resorts Worldwide, Inc. All rights reserved.

SOURCE Alternative Resorts Worldwide, Inc.

Ahead-Trying Assertion

This communication contains “forward-looking statements” about future occasions, together with anticipated resort openings. Such statements are topic to quite a few dangers and uncertainties, together with development delays, availability and value of financing and the opposite “Danger Components” described in our Annual Report on Type 10-Okay and our Quarterly Stories on Type 10-Q, any of which might trigger precise outcomes to be materially totally different from our expectations.

Addendum

This isn’t an providing. No supply or sale of a franchise will probably be made besides by a Franchise Disclosure Doc first filed and registered with relevant state authorities. A replica of the Franchise Disclosure Doc may be obtained via contacting Alternative Resorts Worldwide at 1 Alternative Resorts Circle, Suite 400, Rockville, MD 20850, [email protected].

© 2024 Alternative Resorts Worldwide, Inc. All rights reserved.