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Priceline Group Inc. said Monday it has appointed David Goulden as chief financial officer, effective March 1, to replace Daniel Finnigan, who announced his retirement last year. Goulden was more recently ...
A hotel booking initiative hasn't met with great success, but there's another juicy corner of the travel business ripe for the picking.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Irving-based La Quinta announced Thursday a $1.95 billion cash deal with Wyndham (WYN), expected to close in the second quarter. Under the agreement, La Quinta stockholders will receive $8.40 per share in cash, an aggregate of roughly $1 billion. Wyndham has agreed to pay down $715 million of La Quinta’s net debt out of cash.
On a day the indexes pulled back from recent record highs, Wyndham announced it is buying La Quinta, and Alcoa reported disappointing profits.
The agreement between the two companies will have Wyndham buying La Quinta’s hotel franchise and hotel management businesses. This includes $715 million that will be used to pay off La Quinta’s current net debt. Another $240 million is being set aside to cover the expected costs of La Quinta’s taxable spinoff of owned real estate assets into CorePoint Lodging Inc. This spinoff will occur just before the transaction closes and CorePoint Lodging Inc. will be a publicly-traded company.
Wyndham is buying La Quinta's hotel franchise and management businesses for $1.95 billion in cash. Wyndham said Thursday that the investment will push the hotel further into the upper-midscale segment. ...
Wyndham Worldwide Corp. said Thursday it will pay $1.95 billion in cash to buy La Quinta Holdings Inc.'s hotel franchise and management businesses. Under terms of the deal, La Quinta shareholders will ...
U.S. hotel operator Wyndham Worldwide Corp said on Thursday it would acquire La Quinta Holdings Inc's hotel franchise and management businesses for $1.95 billion in cash, expanding its midscale presence ...
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH ) has been upgraded by an analyst on encouraging cruise booking levels and strong pricing demand for 2018. The Analyst C. Patrick Scholes of SunTrust Robinson ...
Wyndham will buy La Quinta Holdings's hotel operations for $1.95 billion, adding nearly 900 locations to its portfolio. Aleksandra Michalska reports.