Real EstateAcquisitionsWyndham Completes La Quinta Acquisition

Wyndham Completes La Quinta Acquisition

PARSIPPANY, N.J.—Wyndham Worldwide Corporation today announced that its subsidiary, Wyndham Hotels & Resorts, has completed its previously announced acquisition of La Quinta Holdings’ hotel franchising and hotel management business. The addition of La Quinta’s over 900 franchised hotels with a total of nearly 89,000 rooms builds Wyndham Hotels & Resorts’ midscale presence and expands its reach further into the upper-midscale segment of the lodging industry.

Wyndham Hotels & Resorts is the world’s largest hotel franchising company based on the number of properties and will become an independent public company (under the NYSE ticker symbol “WH”) when it is spun-off from Wyndham Worldwide after the market close on May 31. Wyndham Hotels & Resorts now operates a portfolio of 20 lodging brands with nearly 9,000 franchised hotels across more than 80 countries and six continents.

La Quinta’s loyalty program, La Quinta Returns, which includes approximately 15 million enrolled members, will be combined in the coming months with the Wyndham Rewards program, which includes over 56 million enrolled members.

Wyndham Hotels & Resorts funded the $1.95 billion acquisition of La Quinta with proceeds from its $500 million offering of 5.375 percent senior notes due 2026 completed in April and a $1.6 billion term loan due 2025 that closed in connection with the acquisition.

Prior to Wyndham Hotels & Resorts’ acquisition of La Quinta’s hotel franchising and hotel management business, La Quinta completed its spin-off of CorePoint Lodging Inc., a publicly traded real estate investment trust (REIT) that owns 316 La Quinta hotels.

RELATED ARTICLES

Cobblestone Hotels Announces Signing of Property in Montevallo, Alabama

NEENAH, Wisconsin—Cobblestone Hotels announces its continued growth in the state of Alabama with the signing of the Cobblestone Hotel & Suites Main Street in...

White Lodging Hires New Chief Financial Officer, Chief Legal Officer

MERRILLVILLE, Indiana—White Lodging added to its investments and development executive team with the hirings of Noah Hoppe as executive vice president and chief financial...

This Week’s Comings & Goings

Marriott International announced that Leeny Oberg, Marriott’s chief financial officer and executive vice president, development, has decided to retire effective March 31, 2026. Read...

LODGING Exclusive: HVMG’s HVAnalytics Powers Smarter Hotel Performance

Amplifying operations is critical for the hospitality industry, especially in times of uncertainty. The hotel transaction market specifically has experienced a recent slowdown, leading...

Smart Hotel Manager Announces Collaboration With Remington Hospitality

DOVER, Delaware—Smart Hotel Manager announced that the company is working with Remington Hospitality to advance its Live Safety platform. The collaboration reflects a shared...

Coury Hospitality Expands Portfolio With Two Management Agreements

DALLAS, Texas—Coury Hospitality announced that it has assumed management of Plunge Beach Resort in Lauderdale-by-the-Sea, Florida, and Residence Inn Alexandria Old Town South at...