The sale is expected to close in the second quarter of 2018. Under the agreement, La Quinta stockholders will receive a payment for their shares, while Wyndham will repay $715 million of La Quinta’s debt. Wyndham will acquire La Quinta’s 900 managed and franchised hotels, after which the hospitality company will have a stake in 21 brands and more than 9,000 properties across 75 countries. In addition, the La Quinta Returns loyalty programme will be combined with the Wyndham Rewards programme. Get the full story at Wyndham Read also "Airbnb out of race for Wyndham’s $1bn holiday rentals business" at Travel Weekly UK