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La Quinta Reportedly Looks to Raise $100M in IPO

Tuesday February 11th, 2014 - 12:10PM

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.