Tourism > Hotel

Wyndham Worldwide and La Quinta Holdings announce acquisition agreement

4 monthes ago   |   By

Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced that they have 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. The acquisition is expected to close in the second quarter of 2018.
Read more ...

 

Wyndham Worldwide and La Quinta Holdings announce acquisition agreement

Wyndham Worldwide and La Quinta Holdings announce acquisition agreement

4 monthes ago   |   By

Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced that they have 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. The acquisition is expected to close in the second quarter of 2018.
Under the terms of the agreement, stockholders of La Quinta will receive $8.40 per share in cash , and Wyndham Worldwide will repay approximately $715 million of La Quinta debt net of cash and set aside a reserve of $240 million for estimated taxes expected to be incurred in...
Read more ...

 


Search by Tags

   Hotel      Hotels      Corporate      Business      Reservation      Reservations      HOTEL NEWS      La Quinta      Wyndham Hotel Group  


Belfast's Europa Hotel hosts major celebration of tourism

Belfast's Europa Hotel hosts major celebration of tourism

Yesterday, Belfast's now-famous Europa Hotel hosted a major celebration of tourism, 40 years on from when it had the disreputable tag of most bombed hotel in the world. In... Read more ...

Ugandan religious leaders urge citizens to be sensitive about tourism

Ugandan religious leaders urge citizens to be sensitive about tourism

Ugandan religious leaders have called for sensitisation of the citizens about the country's potential as a world class tourism destination. The leaders who were being flagged... Read more ...

Tunisian tourism makes significant recovery

Tunisian tourism makes significant recovery

Tunisian tourism, which was hit hard by jihadist attacks in 2015, has almost recovered with revenues up nearly a third so far this year, the sector's minister said... Read more ...

Airport Authority Welcomes Board Appointments

Airport Authority Welcomes Board Appointments

Airport Authority Hong Kong today welcomes the re-appointment of Jack So Chak-kwong as the Chairman of the Board for a second term of three years by the Chief Executive of the... Read more ...