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La Quinta Names New Chief Executive Officer

La Quinta didn’t have to look far for its new chief executive. The company today announced it has appointed Keith Cline to serve as president and CEO, effective immediately. In addition, Jim Forson has been named the company’s EVP and ...

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La Quinta on Solid Footing Despite CEO Departure

La Quinta on Solid Footing Despite CEO Departure

When news broke of La Quinta CEO Wayne Goldberg’s departure on Sept. 17, La Quinta shares began to drop. The company’s board of directors appointed CFO Keith Cline as interim president and CEO until executive search firm Korn Ferry identifies ...

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StonePark Breaks Ground on California La Quinta

StonePark Breaks Ground on California La Quinta

IRVING, Texas—La Quinta Inns & Suites has announced that StonePark Capital broke ground on a 104-room La Quinta Inn & Suites in Morgan Hill, Calif. StonePark is one of the many franchise partners who have committed to building La Quinta’s ...

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La Quinta CEO Wayne Goldberg Resigns

La Quinta CEO Wayne Goldberg Resigns

La Quinta Holdings has announced that chief executive officer Wayne Goldberg has resigned. The board has appointed Keith Cline, chief financial officer, the interim president and chief executive officer, effective immediately. “La Quinta has an exceptionally strong and experienced management ...

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La Quinta Sells 24 Properties

La Quinta Sells 24 Properties

IRVING, Texas—La Quinta Holdings Inc. today announced that it has signed a definitive purchase and sale agreement to sell 24 owned hotels. This portfolio is geographically dispersed and the vast majority of these hotels will be removed from the La ...

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La Quinta Announces Secondary Offering

La Quinta Announces Secondary Offering

La Quinta Holdings announced that certain selling stockholders affiliated with The Blackstone Group have commenced a secondary offering of 17,500,000 shares of La Quinta common stock. According to a news release, the underwriters will have a 30-day option to purchase ...

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