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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.