Wellington Management Takes 7.04% Stake in Wyndham Hotels

TL;DR

**Wellington Management just bought a big chunk of Wyndham Hotels, signaling bullish institutional interest.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, reported on February 8, 2024, that as of December 29, 2023, they beneficially own 5,744,300 shares of Wyndham Hotels & Resorts, Inc. common stock. This represents a 7.04% ownership stake in the hotel company. This filing indicates a significant institutional investment, suggesting Wellington Management sees value in Wyndham Hotels & Resorts, Inc. and could influence future corporate decisions or strategies.

Why It Matters

This significant stake by Wellington Management Group LLP could signal confidence in Wyndham's future, potentially attracting other investors and influencing the stock price positively.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by showing a large, professional investor's confidence.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching Wyndham Hotels & Resorts, Inc. further and considering it for their portfolio, given the vote of confidence from a major institutional investor like Wellington Management Group LLP.

Key Numbers

• 5,744,300 — shares beneficially owned (Wellington Management Group LLP's stake in Wyndham Hotels & Resorts, Inc.)
• 7.04% — percentage of class owned (Wellington Management Group LLP's total ownership of Wyndham Hotels & Resorts, Inc. common stock)

Key Players & Entities

• Wellington Management Group LLP (company) — reporting person, investment firm
• Wyndham Hotels & Resorts, Inc. (company) — subject company, issuer
• Massachusetts (person) — place of organization for Wellington Management Group LLP
• December 29, 2023 (person) — date of event requiring filing
• February 8, 2024 (person) — filing date

Forward-Looking Statements

• Wellington Management Group LLP may seek to engage with Wyndham Hotels & Resorts, Inc. management regarding strategic decisions. (Wellington Management Group LLP) — medium confidence, target: within 12 months

FAQ

From the Filing

0000902219-24-000143.txt : 20240208 0000902219-24-000143.hdr.sgml : 20240208 20240208101847 ACCESSION NUMBER: 0000902219-24-000143 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WYNDHAM HOTELS & RESORTS, INC. CENTRAL INDEX KEY: 0001722684 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 823356232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90832 FILM NUMBER: 24607350 BUSINESS ADDRESS: STREET 1: 22 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-753-7791 MAIL ADDRESS: STREET 1: 22 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP CENTRAL INDEX KEY: 0000902219 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 042683227 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O WELLINGTON MANAGEMENT COMPANY LLP STREET 2: 280 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6179515000 MAIL ADDRESS: STREET 1: C/O WELLINGTON MANAGEMENT COMPANY LLP STREET 2: 280 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: WELLINGTON MANAGEMENT CO LLP DATE OF NAME CHANGE: 19960930 FORMER COMPANY: FORMER CONFORMED NAME: WELLINGTON MANAGEMENT CO DATE OF NAME CHANGE: 19930426 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Wyndham Hotels & Resorts, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 98311A105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 98311A105 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,729,706 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 5,545,099 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,545,099 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.68% 12. TYPE OF REPORTING PERSON HC CUSIP No. 98311A105 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,729,706 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 5,545,099 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,545,099 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.68% 12. TYPE OF REPORT