la quinta holdings
Wyndham Worldwide Completes Acquisition of La Quinta Holdings
Wyndham Worldwide | May 31, 2018
PARSIPPANY, N.J., May 31, 2018 -- Wyndham Worldwide Corporation (NYSE: WYN) 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 number of properties and will become an in...
La Quinta Holdings Names Keith A. Cline President and CEO of CorePoint Lodging Inc.
La Quinta Holdings Inc. | January 18, 2018
Appointment Takes Effect upon the Planned Spin-Off of Company's Owned Real Estate Assets Into New Publicly Traded Company named CorePoint Lodging IRVING, Texas, Jan. 18, 2018 -- The Board of Directors of La Quinta Holdings Inc. (NYSE:LQ) (the "Company" or "La Quinta") today announced the appointment of Keith A. Cline to serve as President and Chief Executive Officer of CorePoint Lodging Inc. ("CorePoint" or "CPLG"). The appointment will take effect immediately upon the completion of the planned spin-off of La Quinta's owned real estate assets into a separate publicly traded Real Estate Investment Trust ("REIT") named...
Wyndham Worldwide to Acquire La Quinta’s Franchise and Management Businesses for $1.95 Billion in Cash
Wyndham Worldwide | January 18, 2018
PARSIPPANY, N.J. and IRVING, Texas , Jan. 18, 2018 -- Wyndham Worldwide Corporation (NYSE: WYN) and La Quinta Holdings Inc. (NYSE: LQ) 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 cash. The acquisition is expected to close in the second quarter of 2018. Under the terms of the agreement, stockholders of La Quinta will receive $8.40 per share in cash (approximately $1.0 billion in aggregate), and Wyndham Worldwide will repay approximately $715 million of La Quinta debt net of cash and set as...
La Quinta Files With SEC to Spin Off New Real Estate Company
La Quinta | July 27, 2017
The new company will be known as CorePoint Lodging and will take La Quinta Holdings into an asset-light model IRVING, Texas, July 26, 2017 -- La Quinta Holdings Inc. (the "Company") (NYSE:LQ) announced that a Form 10 Registration Statement was filed today with the U.S. Securities and Exchange Commission ("SEC") with respect to the previously announced planned separation of its real estate business, which is to be named CorePoint Lodging Inc. ("CorePoint Lodging" or "CorePoint") from its franchise and management businesses ("new La Quinta" or "post-spin La Quinta") creating two distinct, publicly traded companies. The registrat...
La Quinta Holdings to Pursue Separation of its Businesses Into Two Stand-Alone, Publicly Traded Companies
La Quinta Holdings Inc. | January 19, 2017
IRVING, Texas, Jan. 18, 2017 -- La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) today announced that the Company is pursuing the separation of its businesses into two stand-alone publicly traded companies, which could involve spinning off our owned real estate assets as a separate company. "We are pursuing the possibility of separating our real estate business from our franchise and management businesses, which could prove to be the most logical next step as we continue to execute on our key strategic initiatives and create value for our stakeholders," said Keith Cline, President and Chief...
La Quinta Continues Strong Domestic and International Franchise Growth in Third Quarter 2016
La Quinta Holdings Inc. | November 11, 2016
Opened 15 new franchised hotels, representing approximately 1,300 rooms including markets such as Durango, Colorado, Medellin, Colombia and the first DFW-area Del Sol prototype location in Plano, Texas Signed 21 new franchise agreements, growing development pipeline to 239 hotels, representing approximately 21,800 rooms Geographically diverse pipeline includes 38 new Smith Travel Research market tracts IRVING, Texas (November 11, 2016) – La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) is pleased to share that during the third quarter of 2016, La Quinta grew its geographic reach by opening 15 new franchised h...
La Quinta Holdings Inc. Reports Q3 2016 Net Income of $22.7 million Compared to $17.06 million in the Year Ago Period
La Quinta Holdings Inc. | November 4, 2016
IRVING, Texas, Nov. 2, 2016 /PRNewswire/ -- La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) today reported its third quarter 2016 results, for the period ending September 30, 2016. Third Quarter 2016 Highlights Net Income per Share was $0.20; Adjusted Earnings per Share was $0.19 Net Income was $22.7 million; Adjusted Net Income was $22.1 million Cash flow generation remained strong, as demonstrated by $100.7 million of Total Adjusted EBITDA Grew franchise and other fee based revenue 5.3 percent System-wide comparable RevPAR increased 0.8 percent, and excluding properties located in STR-defin...
La Quinta Continues Strong Domestic and International Franchise Growth in Second Quarter 2016
La Quinta Holdings Inc. | August 17, 2016
Opened 11 new franchise hotels representing more than 1,100 rooms, including markets such as New York City, Sarasota, Florida and Cedar Rapids, Iowa Signed 26 new franchise agreements growing the development pipeline to 238 hotels, representing more than 21,500 rooms Geographically diverse pipeline includes 40 new Smith Travel Research market tracts IRVING, Texas (August 17, 2016) – La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) is pleased to announce that franchise interest in La Quinta continues to remain exceptionally strong both domestically and internationally. During the second quarter of 2016, La Qui...
