La Quinta Completes Sale of 14 Properties
Thursday July 18th, 2013 - 2:34PM B
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DALLAS—La Quinta Inns & Suites has completed the sale of 14 La Quinta Inns to NewcrestImage.
The locations of the 14 properties include Little Rock, AR; Albuquerque, NM; Tulsa, OK; Oklahoma City, OK; Denton, TX; Dallas, TX; Fort Worth, TX; and Houston, TX.
The sale of the 14 corporate-owned sites, to the Dallas-based NewcrestImage, was made for an undisclosed amount.
Tags: • Hospitality • Brands •
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.