What happened to La Quinta?

What happened to La Quinta? 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.

What is the new brand of Wyndham hotel?

PARSIPPANY, N.J. (July 25, 2023) – Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,100 hotels across more than 95 countries, today announced 60 new hotels for its rapidly expanding ECHO Suites^SM Extended Stay by Wyndham brand, including what will be the brand's first hotels ...

Is Wyndham in financial trouble?

Based on the latest financial disclosure, Wyndham Hotels Resorts has a Probability Of Bankruptcy of 1.0%. This is 97.58% lower than that of the Hotels, Restaurants & Leisure sector and 97.15% lower than that of the Consumer Discretionary industry.

Why is Wyndham buying La Quinta?

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.

Does Wyndham own Travelodge?

Known for its laid back, California roots, Travelodge by Wyndham is a brand for value-focused travelers looking for quality amenities and a good night's sleep. Friendly service and affordable rates ensure that guests are rested and refueled for before they head back out into the world.

Why is it called La Quinta?

The Hotel got its name when neighboring rancher Raymond Pedersen told Mr. Morgan about a hacienda in Mexico called La Quinta. The Hotel includes swimming pools surrounded by cozy casitas, tennis courts, and two golf courses. In 1993, the La Quinta Hotel Golf & Tennis Club was renamed The La Quinta Resort & Club.

Why is Wyndham changing its name?

The Travel + Leisure acquisition will result in Wyndham Destinations becoming the Travel + Leisure Co. The name change is a further signal the company wants to tap into new market segments that may not have been possible under its current brand.

What is the Wyndham controversy?

Wyndham's Alleged Fraudulent Timeshare Scheme Class Action Suit. After paying over $80K to Wyndham for a timeshare bought in 2015, David and Brenda Kriens are now suing the timeshare conglomerate for sales fraud. According to the couple behind the class action lawsuit (David J. Kriens Sr., et al.

Did Hilton buy La Quinta?

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.

Did the Hilton family sell their hotels?

Barron Hilton, Paris and Nicky's uber-rich grandfather was chairman of the board and president and CEO of the company, and in 2007 sold Hilton Hotels to the Blackstone Group for US$26 billion. However, when he passed away in 2019, he left most of his fortune to charity.

Who is Holiday Inn owned by?

Holiday Inn Hotels & Resorts - Our brands - InterContinental Hotels Group PLC.

Who bought out Hilton?

Blackstone's acquisition of Hilton was achieved through an all-cash leveraged buyout, or LBO, which is an acquisition of another company completed almost entirely through debt. In the case of Hilton, $20.5 billion, or 78.4 percent, was financed through debt with the remaining $5.6 billion in equity.

Which hotels does Hilton actually own?

Hilton has 18 brands across different market segments, including Conrad Hotels & Resorts, Canopy by Hilton, Curio, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, LXR Hotels and ...

Which hotel brands fall under Marriott?