Owner CorePoint was formed in 2018 when La Quinta sold management of its hotels to Wyndham and its real estate was spun off into a separate company.
Irving-based La Quinta hotel owner CorePoint’s stockholders have approved a sale of the company that will take it private, CorePoint announced Tuesday.
As part of the deal, Highgate and Cerebrus Capital Partners will buy all of CorePoint’s shares in an all-cash transaction at $15.99 per share. The company had announced a selling price of $15.65 per share in November that. The transaction is expected to close as early as March 3, and the company will no longer be publicly traded on the New York Stock Exchange as a result.
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