A La Quinta property in Richardson, TX, a Dallas suburb.
PARSIPPANY, NJ—Wyndham Worldwide Corp. said Thursday it would acquire La Quinta Holdings’ hotel franchise and hotel management businesses for $1.95 billion in cash. The acquisition is expected to close in the second quarter.
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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group’s offices in New York City.