wyndham worldwide corporation
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...
Wyndham Worldwide Completes Sale of Its European Vacation Rentals Business to Platinum Equity Affiliate for $1.3 Billion
Wyndham Worldwide | May 10, 2018
PARSIPPANY, N.J., May 10, 2018 -- Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completion of its previously announced sale of its European vacation rentals business to an affiliate of Platinum Equity, LLC, a leading global private equity firm, for approximately $1.3 billion. The industry-leading European vacation rentals business is the largest manager of holiday rentals in Europe, with more than 110,000 units in over 600 destinations across more than 25 countries. The business operates more than two dozen local brands, including cottages.com, James Villa Holidays, Landal GreenParks, Novasol and Hoseasons. In...
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...
