Goldberg stepped down. CFO Keith Cline became the interim CEO. 2018 Wyndham acquisition On January 18, 2018, Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced they had entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta's hotel franchise and hotel management businesses for $1.95 billion in cash. The loyalty programs of La Quinta and Wyndham were planned to be combined into a single one. The deal also included that La Quinta's real estate be spun off into a separate company, CorePoint Lodging, a publicly-traded real estate investment trust. Buying La Quinta enabled Wyndham to become the third-largest hotel rooms operator in the world, pipping InterContinental. The acquisition was completed on May 31, 2018 adding over 900 franchised hotel properties to the Wyndham portfolio. In June 2019, La Quinta signed a deal with the Caribbean developer Profusion Group to engage in the rapid development of the brand in the Dominican Republic (8 locations in 5 years). Description La Quinta in some Spanish-speaking countries means "the country place"; it also could mean "mansion". Room types and settings vary by hotel. The price rate changes daily, and Company-owned hotels are standardized. Franchised hotels vary more. The hotel chain targets middle-income, price-conscious travelers. The reservation cancellation fees are flexible. Most properties have a pool. LQ Management LLC, the owner, has its headquarters in the Las Colinas area of Irving, Texas, near Dallas. References External links Official website The Blackstone Group companies Hotel chains in the United States Wyndham brands Companies based in Irving, Texas Private equity portfolio companies Companies formerly listed on the New York Stock Exchange Hotels established in 1968 1968 establishments in Texas 2014 initial public offerings 2018 mergers and acquisitions