WYNDHAM HOTELS & RESORTS Inc.’s La Quinta Brands President Rajiv Trivedi announced Friday that he is retiring to spend more time with his family. Wyndham’s Senior Vice President for Design and Construction Krishna Paliwal, who came to Wyndham from La Quinta, will assume Trivedi’s position.
“After 20 years of leading La Quinta, I have decided to step aside to spend more time with my family,” Trivedi said in the video. “This is entirely my decision, and one I feel blessed to be able to make.”
Wyndham had asked him to stay and lead expansion of brand, he said, but he said it is time for him to “take a break and think about my family.”
“I can leave with the comfort of knowing how well La Quinta is positioned under the new ownership,” Trivedi said.
In fact, the merger seems to be going well. In 2019’s first quarter, Wyndham brought in $23 million in actual revenue from the La Quinta deal, according to the company’s earnings call. La Quinta contributed $169 million of sales revenue to Wyndham’s 55 percent increase in net revenues, though it also cost $146M in expenses.
There are more than 915 La Quinta by Wyndham hotels open and 260 are in the pipeline, mostly new builds.
“This merger is going to be among the most lucrative in the industry,” Trivedi said in a recent interview with Asian Hospitality.
Paliwal will continue to oversee the architecture, design and construction for La Quinta, Trivedi said.
“With more than 10 years of experience leading La Quinta’s design and development strategy, Krishna is well positioned to continue the momentum of the brand into the future.”
Trivedi said he would still be involved with the brand in an advisory capacity over the next year at least.
“This is not a good-bye, as I am lucky enough to be able to provide guidance to Krishna, you and Wyndham over the next year,” he said.