La Quinta Resort & Club, Curio Collection by HiltonHilton Honors members only.
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On January 18, 2018, Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced they had 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.
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.
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.
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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