M&A Deal Summary

Travel + Leisure Acquires La Quinta Holdings

On January 18, 2018, Travel + Leisure acquired leisure company La Quinta Holdings for 2.0B USD

Acquisition Highlights
  • This is Travel + Leisure’s 12th transaction in the Leisure sector.
  • This is Travel + Leisure’s largest (disclosed) transaction.
  • This is Travel + Leisure’s 8th transaction in the United States.
  • This is Travel + Leisure’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-01-18
Target La Quinta Holdings
Sector Leisure
Buyer(s) Travel + Leisure
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) J.P. Morgan Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

La Quinta Holdings

Irving, Texas, United States
website
Entrance to La Quinta's corporate headquarters in Irving, Texas.
Entrance to La Quinta's corporate headquarters in Irving, Texas.
La Quinta Holdings Inc. is an owner and operator of hotels under the La Quinta brand. La Quinta was formed in 1968 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

Travel + Leisure

Orlando, Florida, United States

website

Category Company
Founded 1990
Sector Leisure
Employees15,500
Revenue 3.6B USD (2022)
DESCRIPTION
Wyndham's corporate headquarters in Orlando, Florida.
Wyndham's corporate headquarters in Orlando, Florida.

Travel + Leisure is a large hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.

DEAL STATS #
Overall 13 of 14
Sector (Leisure) 12 of 13
Type (Add-on Acquisition) 13 of 13
State (Texas) 1 of 1
Country (United States) 8 of 8
Year (2018) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Fën Hotels S.A

Montevideo, Uruguay

Fën Hotels S.A owns, operates, franchises a chain of hotels that offers hospitality services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Awaze

Lancashire, United Kingdom

Awaze is a provider of holiday parks and vacation rentals in Europe. The Company operates under the brands of Cottages.com, Hoseasons, James Villas, Novasol and Landal.

Sell $1.3B
Mergr

Product

Company

Legal