Category Archives: Acquisitions

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Wyndham to Buy La Quinta for $1.95 Billion

Wyndham to Buy La Quinta for $1.95 Billion

PARSIPPANY, N.J. and IRVING, Texas—Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced today that they have entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta’s hotel franchise and hotel management businesses for $1.95 billion in ...

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Rockbridge Acquires Marriott in Palm Beach Gardens, Florida

Rockbridge Acquires Marriott in Palm Beach Gardens, Florida

COLUMBUS, OHIO—Rockbridge has acquired the Marriott in Palm Beach Gardens, Fla., in a joint venture with Pinnacle Hotel Management, which will manage the hotel. The property will undergo an extensive renovation that is scheduled for the third quarter of 2018. The ...

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HREC Arranges Sale of Marriott SpringHill Suites Las Cruces

HREC Arranges Sale of Marriott SpringHill Suites Las Cruces

Denver, Colo. and San Diego, Calif.–HREC Investment Advisors has arranged the sale of the 101-suites Marriott SpringHill Suites Las Cruces in New Mexico. The buyer is a California-based investor who owns and operates a hotel portfolio throughout the Southwest under major ...

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Avendra to be Acquired by Aramark

Avendra to be Acquired by Aramark

Rockville, Md.–Avendra, a North American hospitality procurement services provider, announced that its board of managers reached a binding agreement with Aramark Corporation to sell the company to Aramark for $1.35 billion. Avendra is owned by founding shareholders Marriott International, Hyatt, ...

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