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He frequented shows in the basement of the Vermont Avenue Ramada Inn, downstairs at El Cid and the “show in Santa Monica near the promenade at a venue that no longer exists,” which was underground in terms of both street level and legality.

Its exchange offer to shareholders of Wyndham, which runs Days Inn, La Quinta, Ramada and a host of other brands, was the same as its last bid to company management, which was $49.50 in cash and 0.324 shares of Choice common stock per Wyndham share.

At the time, Wyndham, which runs Days Inn, La Quinta, Ramada and a host of other brands, called the proposal “opportunistic” and said that it undervalued the company’s growth potential.

Choice Hotels said Tuesday that its exchange offer to shareholders of Wyndham, which runs Days Inn, La Quinta, Ramada and a host of other brands, is the same as its last bid to company management, which was $49.50 in cash and 0.324 shares of Choice common stock per Wyndham share.

Parsippany, New Jersey-based Wyndham, which operates brands such as Ramada, Super 8 and Microtel, argued last week that Choice's latest revised bid continues to undervalue its business.