After raising the possibility earlier this year, La Quinta Holdings has announced it will split into two stand-alone public companies, one of which will focus on the real estate business and the other on franchise and management activities. The real estate arm will be called CorePoint Lodging and will become a REIT with a portfolio of 316 hotels and 40,500 rooms; the transaction will be taxable both to the corporation and its shareholders. Read The Business Journals story here

