After announcing plans a year ago to split its hotel business into separate firms, Blackstone-controlled La Quinta Holdings Inc. (NYSE: LQ) reached a deal this week to sell its hotel franchise and management businesses to Wyndham Worldwide Corp. (NYSE: WYN) for $1.95 billion.
La Quinta Selling Operating Business to Wyndham Worldwide After Spinoff of Real Estate
Blackstone Hotel Entity Forming New REIT Called CorePoint Lodging Prior to Sale
CoStar News
January 18, 2018 | 1:38 P.M.
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