trending Market Intelligence /marketintelligence/en/news-insights/trending/eqKBBNQpvSK8D2j5RhjxRg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CorePoint settles management dispute with Wyndham Hotels

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

CorePoint settles management dispute with Wyndham Hotels

CorePoint Lodging Inc. and Wyndham Hotels & Resorts entered into an agreement to collaborate on a number of new initiatives and resolve a management dispute and other issues between them.

Under the agreement, Wyndham will pay about $20 million to CorePoint over the next year, and CorePoint will maintain cash operating reserves of approximately $20 million.

Wyndham agreed to develop enhanced automated revenue management, sales and reservations technology for CorePoint's properties and CorePoint will pay Wyndham for the substantiated costs of the implementation of the Sabre SynXis property management system. The underlying fee structures in the two companies' management and franchise agreements will remain unchanged.

In late July, CorePoint alleged that Wyndham had failed to meet certain requirements under their hotel management agreements covering the CorePoint-owned La Quinta-branded properties. Wyndham denies the claims. The agreement provides mutual release of both parties' other claims under their existing contracts.

Both companies also agreed to finalize outstanding tax matters related to Wyndham's acquisition of La Quinta. CorePoint span out from La Quinta Holdings Inc., which was acquired by Wyndham in May 2018. Wyndham had temporarily retained $240 million of cash purchase price to make required payments to tax authorities, and the remainder will be released to CorePoint. Wyndham said it had provided $223 million to tax authorities as of June 30 and will release $17 million to CorePoint in November.

Wyndham expects to record charges amounting to roughly $26 million, or $21 million after-tax, in the third quarter. The company said this will not impact its adjusted EBITDA, adjusted net income or adjusted EPS.