La Quinta Reportedly Looks to Raise $100M in IPO
Tuesday February 11th, 2014 - 12:10PM W
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DALLAS—La Quinta Holdings Inc. has reportedly filed plans with the Securities and Exchange Commission to raise as much as $100 million in its IPO.
Private equity owner Blackstone, which took Extended Stay America and Hilton Worldwide public, purchased LQ Management, LLC—which includes the La Quinta Inns and La Quinta Inns & Suites brands—in 2006. Blackstone had reportedly received at least a half-dozen bids for the limited-service brand, according to the Wall Street Journal, before considering the IPO option.
Tags: La Quinta • IPO • Hospitality •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.