Did Wyndham buy La Quinta?

Here's Why Wyndham Worldwide Just Bought La Quinta for Nearly $2 Billion. It's been an ongoing trend for hotels recently—consolidation. On Thursday, Wyndham said it would purchase La Quinta's franchise and management business for roughly $1.95 billion, including $715 million for assumed debt.



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in 2013, the owners reached a deal to sell the La Quinta and three other properties to the Government of Singapore Investment Corporation. Hilton Hotels Corporation, based in McLean, Virginia, manages the hotel as a member of Waldorf Astoria Hotels and Resorts.

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How This Deal Happened. Wyndham Hotel Group, as the company demonstrated last year with its $170 million acquisition of AmericInn, is eager to grow its midscale business, and La Quinta has been open to buyers for some time and to pursue the kind of scale that's needed to power the growth of its brand.

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On Feb. 17, 2021, our parent company was renamed Travel + Leisure Co. and made its debut as the world's leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. A link to a press release with more details is available here.

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The Travel + Leisure acquisition will result in Wyndham Destinations becoming the Travel + Leisure Co. The name change is a further signal the company wants to tap into new market segments that may not have been possible under its current brand.

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The split will enable the companies to maintain a sharper focus on its core business and growth opportunities and ease capital raising, Wyndham said. Wyndham shareholders will be given shares in the newly created hotel company through a pro rata distribution.

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The Hotel got its name when neighboring rancher Raymond Pedersen told Mr. Morgan about a hacienda in Mexico called La Quinta. The Hotel includes swimming pools surrounded by cozy casitas, tennis courts, and two golf courses. In 1993, the La Quinta Hotel Golf & Tennis Club was renamed The La Quinta Resort & Club.

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Wyndham Destinations has become the umbrella brand for our vacation ownership clubs business line. This transition to Travel + Leisure Co. as the parent company over Wyndham Destinations will not directly affect Club Wyndham or its products or club offerings.

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Vacasa to Acquire Wyndham Vacation Rentals for $162 Million.

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