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Wyndham Worldwide, La Quinta Holdings announce acquisition agreement

( January 18, 2018, 14:47 GMT | Official Statement) -- MLex Summary: Wyndham Worldwide has agreed to buy La Quinta's hotel franchise and hotel management businesses for $1.95 billion in cash. Prior to the sale of La Quinta to Wyndham Worldwide, La Quinta will spin off its owned real estate assets into a publicly-traded real estate investment trust, CorePoint Lodging. The transaction is expected to close in the second quarter of 2018.Statement follows below:...

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