Topic: How To Invest

Stock Pickers Digest Hotline – Friday, June 8, 2018

Article Excerpt

WYNDHAM HOTELS & RESORTS, INC., $62.88, symbol WH on New York, is the world’s largest hotel franchise company in the world. On June 4, 2018, the former Wyndham Worldwide completed the spin off of its vacation ownership business as WYNDHAM DESTINATIONS, $48.24, symbol WYND on New York. The hotel operations were then renamed Wyndham Hotels & Resorts. Before separating the two businesses, Wyndham acquired La Quinta Holdings on May 31, 2018, for $1.95 billion. LaQuinta brings to Wyndham Hotels and Resorts more than 87,500 rooms in the U.S., Canada, and Latin America. As a result of the acquisition, Wyndham Hotels and Resorts now offers travelers more than 9,000 hotel rooms to stay at, in over 80 countries, and under 20 different brands, including La Quinta. The integration of La Quinta remains ongoing and should be finished by the second quarter of 2019. As part of the company’s efforts to better market its various brands, which are generally mid- to economy-priced hotels, it added “by Wyndham”…

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