La Quinta

Wyndham Signals $1.8B Acquisition With Rare Flights to Texas

Wyndham Signals $1.8B Acquisition With Rare Flights to Texas

When news emerged in early 2018 that Wyndham was acquiring La Quinta, it was easy to look back over the past year’s signals and see that the $1.8 billion deal made sense for both companies. Wyndham had clearly entered growth mode, splitting into two companies and making a minor acquisition with its $170 million purchase of AmericInn. And La Quinta had clearly placed itself on the open market, spinning off its real estate assets to boost a possible sale price. But, using JetTrack, an analyst would have seen Wyndham executives make a rare trip to the Dallas-Fort Worth area, where La Quinta is headquartered, just weeks after the AmericInn deal closed — and then make a return trip just 2 days before the acquisition of La Quinta was announced.