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In 2013, Blackstone started to pave the way for the sale of La Quinta. [9] Up until the 2014 stock offering, all La Quinta properties were owned or franchised by the company's subsidiary La Quinta Properties, Inc., a real estate investment trust (REIT), which leased the properties back to the parent company. [1]
In 2011, lenders including Paulson & Co., Winthrop Realty Trust and Capital Trust foreclosed on 8 of the former CNL hotels. in 2013, the owners reached a deal to sell the La Quinta and three other properties to the Government of Singapore Investment Corporation. [3]
In May 1990, the company agreed to sell a 6,700-acre Riverside County parcel for $275 million. [6] In June 1990, the offer was withdrawn. [7] In 1991, the company agreed to sell its assets for $739 million. [8] [9] The deal fell through that year and the company filed for
In April 2018, the company began rebranding most of its brands to include the Wyndham name, such as "Days Inn by Wyndham", "Ramada by Wyndham", and "Super 8 by Wyndham". [20] On May 30, 2018, Wyndham purchased the La Quinta hotel brand (franchised to 900 hotels with over 89,000 rooms) and its associated management business, for $1.95 billion in ...
The first property, located in Oshkosh, Wisconsin, opened in 1973 and was named Budgetel (the property later became a La Quinta Inn). [citation needed] A prototype hotel was designed in 1984 in the form of a long, linear three or four story boxlike building covered by precast concrete slabs. This design gave the Budgetel hotels a distinctive ...
John C. Cushman III (1941 – May 4, 2023) was an American real estate executive. He was the chairman of global transactions and chairman of the board of Cushman & Wakefield, a global real estate services firm founded by his grandfather, J. Clydesdale Cushman and great-uncle, Bernard Wakefield.