In August, La Quinta hired JPMorgan Chase & Co and Morgan Stanley to explore a potential sale or public offering for La Quinta. And it looks like there is plenty of interest from hospitality companies interested in buying up the budget hotel chain.
According to this article from Reuters, three different firms are considering a move—Choice Hotels International, Hospitality Properties Trust, as well as private equity firm Apollo Global Management.
The sale of La Quinta could fetch as much as $4.5 billion, according to sources close to the deal.
More over on Yahoo! Finance.