Wyndham to buy La Quinta hotel business for USD1.95 billion
Hotel operator Wyndham Worldwide is back on the acquisition trial with plans announced to buy the La Quinta portfolio.
Wyndham said it would acquire La Quinta’s hotel operations for $1.95 billion which has nearly 900 locations in the mid-scale, upper mid-scale and economy segments.
Shares in both companies climbed on the news.
It will give Wyndham Hotel Group a total of 21 brands across 9,000 hotels once the deal closes.
La Quinta is one of the largest midscale brands in the US.
The 13 million La Quinta Returns loyalty members will get access to Wyndham Rewards when the two programs combine.
"This transaction builds on Wyndham Worldwide’s proven track record of acquiring companies that are a strong strategic and cultural fit, add highly-regarded brands to our portfolio and offer clear opportunities to drive shareholder value," said Stephen P. Holmes, Chairman and chief executive officer of Wyndham Worldwide.
Keith Cline, President and Chief Executive Officer of La Quinta said: We believe that under the management of Wyndham’s seasoned team of executives, the La Quinta portfolio will grow and thrive, yielding long-term benefits to the stakeholders of both companies."
Wyndham Worldwide additionally said its planned spin-off of Wyndham Hotel Group remains on track for the second quarter of 2018.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt