Wyndham is buying La Quinta’s hotel franchise and management businesses for $1.95 billion in cash. : PARSIPPANY, N.J. — Wyndham is buying La Quinta’s hotel franchise and management businesses for $1.95 billion in cash. Wyndham said Thursday that the investment will push the hotel further into the upper-midscale segment. Before the deal is closed, La Quinta Holdings Inc., based in Irving, Texas, will spin off real estate assets into a publicly traded real estate investment trust called CorePoint Lodging. La Quinta shareholders will receive $8.40 per share.