Wyndham Worldwide Corp. on Thursday said it will buy La Quinta Holdings Inc.’s hotel franchise and management businesses for $1.95 billion in cash, adding 900 hotels to Wyndham’s portfolio.

January 18, 2018 / 8:31 AM EST / CBS/AP PARSIPPANY, N.J. - Wyndham (WYN) is buying La Quinta's (LQ) 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 ...