La Quinta Inn & Suites Columbia Ne Fort Jackson Reviews
 | |
| Type | Subsidiary |
|---|---|
| Industry | Hotels |
| Founded | 1968 (1968) San Antonio, Texas, U.S. |
| Headquarters | 909 Subconscious Ridge |
| Number of locations | 914 (December 31, 2018)[one] |
| Surface area served | North America |
| Key people | Krishna Paliwal, Brand President Keith Cline, Former President and CEO |
| Number of employees | 9000 |
| Parent | Wyndham Hotels & Resorts |
| Website | www |
La Quinta Inns & Suites (Castilian: La Quinta, "the land Villa", pronounced 'la Corking-ta) is a concatenation of limited service hotels in the The states, Canada, Mexico, and Honduras. La Quinta Holdings Inc first sold shares to the public in April 2014. La Quinta has headquarters in Irving, Texas. Every bit of Dec 31, 2018, the visitor owns and operates 914 properties with 89,456 rooms.[ane]
History [edit]
1968 Launch [edit]
Real estate entrepreneur Sam Barshop (1929–2013) and his blood brother Phil (1935–1998) opened the first La Quinta in San Antonio, Texas, in 1968, across the street from the site of HemisFair '68 World's Fair.[2]
La Quinta's first headquarters were in San Antonio. In 1999 the visitor appear it was going to move, transferring over 100 jobs from city to city.[ citation needed ] The company cited the lack of nonstop flights from San Antonio International Airport as a reason for moving.[3] The company wished to have its headquarters near Dallas/Fort Worth International Aerodrome, a large airport. The visitor kept around 300 employees who worked in accounting, information systems, and reservations in San Antonio.[4]
2005 Blackstone acquisition [edit]
LQ Corporation, parent company to subsidiary LQ Backdrop, Inc, appear on Nov 9, 2005 that information technology had agreed to be acquired by the private-equity firm Blackstone Grouping for $three.4 billion in greenbacks and debt.[ commendation needed ] The merger closed on January 25, 2006. At that point, the La Quinta grouping ranked 13th hotel group world-wide, owned 360 hotels, and franchised 250 under the names La Quinta Inns, La Quinta Inn & Suites, Baymont Inn & Suites, Woodfield Suites and Budgetel (about 65,000 rooms).[five] Blackstone had just bought Wyndham Hotels a few months before, the hotel group that volition acquire La Quinta in 2018.[6]
In 2011, La Quinta gave upwardly on pay-per-view in-room amusement to focus on letting customers utilize their own devices.[ commendation needed ] In 2012, La Quinta launched the Instant concur option, allowing customers to make last-minute reservations with their phone number.[7]
In 2013, Blackstone started to pave the way for the sale of La Quinta.[eight] Upward until the 2014 stock offer, all La Quinta properties were owned or franchised by the company'due south subsidiary La Quinta Backdrop, Inc., a real estate investment trust (REIT), which leased the properties dorsum to the parent company.[ane] In 2015, La Quinta launched its Del Sol prototype featuring LED lighting, indoor and outdoor pools, and a modernized decoration.[nine] In September 2015, the President and CEO Wayne Goldberg stepped down. CFO Keith Cline became the acting CEO.[x] [11]
2018 Wyndham acquisition [edit]
On January 18, 2018 Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced they had entered into a definitive understanding under which Wyndham Worldwide will acquire La Quinta'southward hotel franchise and hotel management businesses for $one.95 billion in greenbacks. The loyalty programs of La Quinta and Wyndham were planned to be combined into a single one. The deal as well included that La Quinta's real estate be spun off into a split company, CorePoint Lodging, a publicly-traded real estate investment trust. Buying La Quinta enabled Wyndham to go the 3rd-largest hotel rooms operator in the globe, pipping InterContinental[12] [13] The acquisition was completed on May 31, 2018 adding over 900 franchised hotel properties to the Wyndham portfolio.[14]
In June 2019, La Quinta signed a deal with the Caribbean developer Profusion Group to appoint in the rapid development of the brand in the Dominican Republic (8 locations in 5 years).[xv]
Description [edit]
La Quinta in some Castilian-speaking countries means "the country place".[2]
Room types and setting vary by hotel. The base price for a room is under $l. Visitor-endemic hotels are standardized. Franchised hotels vary more. The hotel chain targets middle-income, toll-conscious travelers. The reservation cancellation fees are flexible. Nearly properties have a pool.[7]
LQ Management LLC, the owner, has its headquarters in the Las Colinas expanse of Irving, Texas, near Dallas.[3] [sixteen]
References [edit]
- ^ a b c http://d18rn0p25nwr6d.cloudfront.internet/CIK-0001722684/07a66b37-b5b1-4c86-9949-cba03f9f3417.pdf[ bare URL PDF ]
- ^ a b ; it likewise could hateful "mansion."La Quinta Inns, Inc., History
- ^ a b Travis Eastward. Poling and Bonnie Pfister (March 17, 1999). "La Quinta moving to Dallas suburb;Hotelier cites S.A.'s lack of nonstop flights". San Antonio Express-News.
- ^ "La Quinta to motility part to Las Colinas The hotel chain's officials say the company needs to be near a major airport". Fort Worth Star-Telegram. March eighteen, 1999. p. 12 Business organization. Retrieved March 24, 2010.
- ^ "Blackstone now controls xv brands, over 560,000 rooms". 4hoteliers.com. 19 July 2009. Retrieved 11 November 2019.
- ^ "Blackstone to Buy Wyndham Hotels". Latimes.com. 15 June 2005. Retrieved 11 Nov 2019.
- ^ a b Brad Tuttle (nine April 2014). "Why La Quinta Is Not Just Another Cheap Motel Brand". Fourth dimension.com . Retrieved 11 November 2019.
- ^ Craig Karmin (6 August 2013). "Blackstone Prepares to Sell La Quinta Hotels". Wsj.com . Retrieved eleven November 2019.
- ^ Danni Santana (25 July 2019). "The La Quinta Brand Is Receiving Plenty of TLC From Wyndham". Skift.com . Retrieved xi November 2019.
- ^ Josh Beckerman (17 September 2015). "La Quinta CEO Goldberg Steps Down by Mutual Agreement With Board". Wsj.com . Retrieved 11 November 2019.
- ^ Korri Kezar (17 September 2015). "Wayne Goldberg stepping down as La Quinta's CEO". Bizjournals.com . Retrieved 11 November 2019.
- ^ Nancy Trejos (18 January 2018). "Wyndham Hotels to buy La Quinta hotels". Usatoday.com . Retrieved 11 November 2019.
- ^ Sanjana Shivdas (eighteen January 2018). "Wyndham to buy La Quinta hotel business for $1.95 billion". Reuters.com . Retrieved 11 Nov 2019.
- ^ Worldwide, Wyndham. "Wyndham Worldwide Completes Acquisition Of La Quinta Holdings". www.prnewswire.com . Retrieved 2019-08-05 .
- ^ "La Quinta Planning Major Expansion to Dominican Republic". Caribjournal.com. 3 June 2019. Retrieved xi November 2019.
- ^ "Fact Sheet Archived 2012-08-17 at the Wayback Motorcar." La Quinta Inns & Suites. Retrieved on March 24, 2010.
External links [edit]
- Official website
Source: https://en.wikipedia.org/wiki/La_Quinta_Inns_&_Suites