Wyndham Buying Texas-Based La Quinta For $1.95 Billion

PARSIPPANY, N.J. (AP) — Wyndham is buying the Texas-based La Quinta hotel franchise and management businesses for $1.95 billion in cash.
Wyndham said Thursday that the investment will push the hotel further into the upper-midscale segment.
La Quinta Inn & Suites DFW Airport North. (credit: lq.com)
Before the deal is closed, La Quinta Holdings Inc., based in Irving, will spin off real estate assets into a publicly traded real estate investment trust called CorePoint Lodging.
La Quinta s