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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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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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