{"id":1333,"date":"2019-03-11T14:39:12","date_gmt":"2019-03-11T14:39:12","guid":{"rendered":"http:\/\/blog.advhtech.com\/?p=1333"},"modified":"2019-03-11T14:39:12","modified_gmt":"2019-03-11T14:39:12","slug":"wyndham-worldwide-acquires-la-quinta-advantage","status":"publish","type":"post","link":"https:\/\/advhtech.com\/blog\/wyndham-worldwide-acquires-la-quinta-advantage\/","title":{"rendered":"Wyndham Worldwide Acquire’s La Quinta Advantage"},"content":{"rendered":"\n

Wyndham Worldwide Expands Properties to Over 9000 with Transfer of La Quinta Real Estate Assets  <\/em><\/h2>\n\n\n\n

PARSIPPANY, NJ and IRVING, TX, March 28, 2018 \u2014 Wyndham Worldwide Group completed the acquisition of La Quinta Holding Group\u2019s hotel franchise and management business for a $1.95 billion cash transfer. The agreement was closed in the second quarter of 2018, taking the number of Wyndham properties to over 9000.
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The Wyndham acquisition will spin-off La Quinta\u2019s real estate assets into a publicly traded investment trust named CorePoint Lodging. La Quinta shareholders will receive $8.40 per share in cash, while Wyndham Worldwide will repay $715 million of La Quinta debts setting aside another $240 million for taxes incurred during the acquisition.
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Wyndham Hotel Group\u2019s strong brand presence will expand La Quinta\u2019s exposure to the upper midscale market segment. Wyndham Group will be the preferred partner and accommodation provider of La Quinta guests across the world.   
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The acquisition makes Wyndham Hotel Group the world\u2019s largest hospitality group, and will now span 21 brands with over 9000 properties in more than 80 countries. The acquisition will also observe the merger of 13 million members of the La Quinta Returns \u00ae loyalty program with Wyndham\u2019s award-winning Rewards \u00ae program used by 53 million subscribers worldwide. <\/p>\n\n\n\n

Wyndham Hotels & Resorts Group builds one of its core competencies on its fully managed I.T. infrastructures across all its properties delivering guests a premium technology experience. In 2018, Wyndham Hotels & Resorts shifted the responsibility of I.T. systems from centrally managed corporate I.T. to its individual franchises.
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According to Geoff Ballotti, President & CEO of Wyndham Hotel Group<\/a>, La Quinta will be a flagship brand of the group. The strong La Quinta brand name already carries one of the highest engagement levels in the hospitality industry, and Ballotti emphasizes that Wyndham\u2019s \u201cintense focus on product quality and world-class technology, digital infrastructure, loyalty, and distribution platforms\u201d will significantly benefit the franchise.
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Advanced Hospitality Technologies has since catered selective Wyndham Group properties, as their exclusive managed I.T. service provider. Advanced Hospitality, a pioneer of hospitality I.T. management, has provided Wyndham hotels & resorts with:
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