who owns La Quinta?
La Quinta Inns & Suites is a chain of limited-service hotels in the United States, Canada, Mexico, and Honduras. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta has headquarters in Irving, Texas. As of December 31, 2018, the company owns and operates 914 properties with 89,456 rooms. who…
La Quinta Inns & Suites is a chain of limited-service hotels in the United States, Canada, Mexico, and Honduras. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta has headquarters in Irving, Texas. As of December 31, 2018, the company owns and operates 914 properties with 89,456 rooms.
who owns La Quinta?
Wyndham Worldwide Corporation (NYSE: WYN) is one of the largest global hospitality companies, providing travelers with access to a collection of trusted hospitality brands in hotels, vacation ownership, and unique accommodations including vacation exchange and managed vacation rentals.
Wyndham Hotels & Resorts funded the $1.95 billion acquisition of La Quinta with proceeds from its $500 million offering of 5.375% senior notes due 2026 completed in April and a $1.6 billion term loan due 2025 that closed in connection with the acquisition.
Before Wyndham Hotels & Resorts acquired, La Quinta’s hotel franchising and hotel management business, La Quinta completed its spin-off of CorePoint Lodging Inc. (NYSE: CPLG), a publicly traded real estate investment trust that owns 316 La Quinta hotels.
