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La Quinta Considers Spin Off Sale

La Quinta Holdings may soon explore a sale that would keep franchise and management operations in place, according to Reuters. The company may spin off real estate assets and could file with the U.S. Securities and Exchange Commission as soon as the second quarter of 2017, after which potential acquirers could be involved. Sources say that the company expects profits from the sale to mitigate the cost of a spin-off. If the sale proceeds, La Quinta plans to place its real estate business in a publicly listed investment trust. Read more.

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