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  "documentTitle": "2023 12 Investor Presentation",
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  "notes": "Includes a bar chart for NTM Adj. EBITDA multiples and a box-and-whisker plot for analyst price targets.",
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      "kind": "callout",
      "text": "Choice trades at a highly attractive valuation compared to its historic trading multiple and currently trades at a discount to the sector despite market-leading growth",
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      "text": "ATTRACTIVE VALUATION RELATIVE TO HISTORICAL AVERAGES",
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      "text": "“PRE-RELEASE” ANALYST PRICE TARGETS WELL ABOVE SHARE PRICE",
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      "text": "NTM Adj. EBITDA Multiple: 12.5x",
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      "text": "Choice trades at a highly attractive valuation compared to its historic trading multiple and currently trades at a discount to the sector despite market-leading growth",
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      "text": "Choice’s “Pre-Release” share price is far below its average price target of $131.10",
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      "text": "Source: Capital IQ. Market data as of December 4, 2023. Note: Adj. EBITDA Growth based on Choice guidance and consensus estimates for peers...",
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      "kind": "title",
      "text": "...and Choice’s Shares Are Currently Trading at Attractive Levels Making Stock Consideration Highly Compelling for Wyndham Shareholders",
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