Category Archives: Acquisitions

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Wyndham to Sell European Vacation Rental Business

Wyndham to Sell European Vacation Rental Business

PARSIPPANY, N.J.—Wyndham Worldwide Corporation today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to Platinum Equity for approximately $1.3 billion. In conjunction with the sale, the European vacation rental business ...

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Choice Completes WoodSpring Suites Acquisition

Choice Completes WoodSpring Suites Acquisition

ROCKVILLE, Md.—Choice Hotels completed its acquisition of WoodSpring Suites’ brand and franchise business for $231 million. First announced in December 2017, the deal adds nearly 240 extended-stay hotels in 35 states to Choice’s portfolio. Choice says that WoodSpring’s asset-light franchise business ...

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Interstate and White Lodging Close Management Acquisition Deal

Interstate and White Lodging Close Management Acquisition Deal

ARLINGTON, Va.—Interstate Hotels & Resorts has closed a deal—first announced in December 2017—to acquire the management agreements for 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging. The deal is effective January 24, 2018. “A transaction of ...

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