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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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Mit Shah Named Chairman of La Quinta Holdings Board

Mit Shah Named Chairman of La Quinta Holdings Board

IRVING, Texas—La Quinta Holdings Inc. announced that Mit Shah has been appointed as chairman of the Board. “Mr. Shah has been an extremely valuable member of the Board, and we look forward to his leadership as Chairman,” commented Wayne B. ...

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La Quinta Remains Agile While Focusing on Growth

La Quinta Remains Agile While Focusing on Growth

Going public in April is just another milestone in La Quinta’s steady transformation from regional player to national brand. In La Quinta’s first earnings call since the IPO, the company reported a profit of $17.5 million and raised its full-year ...

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La Quinta Holdings Continues International Expansion

La Quinta Holdings Continues International Expansion

IRVING, Texas—La Quinta Holdings Inc., owner, operator, and franchisor of La Quinta Inns & Suites hotels, announced it has signed franchise agreements for new hotels in Nicaragua and Guatemala, marking the company’s entry into those countries. “Our entry into these ...

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La Quinta Releases Amended IPO Details

La Quinta Releases Amended IPO Details

It looks like La Quinta is heading back to the New York Stock Exchange, according to this tidbit from Nasdaq.com. The budget hotel operator, owned by Blackstone, announced that it has increased its proposed offering to $650 million in an amendment ...

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