Kirkland & Ellis LLP advised Wyndham Worldwide Corporation (NYSE: WYN), one of the largest global hospitality companies, on its agreement with La Quinta Holdings Inc. (NYSE: LQ) to acquire La Quinta’s franchise and management businesses for $1.95 billion in cash. La Quinta is a leading owner, operator and franchisor of select-service hotels primarily serving the upper-midscale and midscale segments. The acquisition is expected to close in the second quarter of 2018. The full press release is available here
The Kirkland team was led by corporate partners David Feirstein, Will Boothby and Carlo Zenkner as well as Daniel Wolf and David Fox; tax partners Dean Shulman and Sara Zablotney and associate Adam Kool; real estate partner Rob Miceli; and financing partner Ashley Gregory.