Wyndham Worldwide Corporation

Transaction significantly expands Wyndham Hotels & Resorts' midscale presence and hotel network.

Wyndham Worldwide intends to use the net proceeds from the sale primarily to reduce its existing indebtedness.

In conjunction with the sale, the European vacation rental business has entered into a 20-year agreement under which it will

Wyndham Worldwide to purchase La Quinta's Franchise and Management Businesses after spin-off of La Quinta's real estate assets into CorePoint