La Quinta Inn & Suites Port Orange / Daytona Reviews
 | |
| Type | Subsidiary |
|---|---|
| Industry | Hotels |
| Founded | 1968 (1968) San Antonio, Texas, U.S. |
| Headquarters | 909 Subconscious Ridge |
| Number of locations | 914 (Dec 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 (Spanish: La Quinta, "the state Villa", pronounced 'la KEEN-ta) is a concatenation of limited service hotels in the United States, Canada, Mexico, and Honduras. La Quinta Holdings Inc beginning sold shares to the public in Apr 2014. La Quinta has headquarters in Irving, Texas. As of December 31, 2018, the company owns and operates 914 properties with 89,456 rooms.[i]
History [edit]
1968 Launch [edit]
Existent estate entrepreneur Sam Barshop (1929–2013) and his blood brother Phil (1935–1998) opened the get-go La Quinta in San Antonio, Texas, in 1968, across the street from the site of HemisFair '68 World's Off-white.[2]
La Quinta's first headquarters were in San Antonio. In 1999 the company announced information technology was going to motility, transferring over 100 jobs from city to metropolis.[ citation needed ] The visitor 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 Drome, a large airdrome. The visitor kept around 300 employees who worked in accounting, information systems, and reservations in San Antonio.[4]
2005 Blackstone conquering [edit]
LQ Corporation, parent company to subsidiary LQ Properties, Inc, announced on November nine, 2005 that it had agreed to be caused by the private-equity firm Blackstone Group for $three.4 billion in cash and debt.[ citation needed ] The merger closed on January 25, 2006. At that betoken, the La Quinta group ranked 13th hotel group earth-wide, owned 360 hotels, and franchised 250 under the names La Quinta Inns, La Quinta Inn & Suites, Baymont Inn & Suites, Woodfield Suites and Budgetel (nigh 65,000 rooms).[5] Blackstone had simply bought Wyndham Hotels a few months earlier, the hotel group that will learn La Quinta in 2018.[six]
In 2011, La Quinta gave upward on pay-per-view in-room entertainment to focus on letting customers use their own devices.[ citation needed ] In 2012, La Quinta launched the Instant hold option, allowing customers to make last-infinitesimal reservations with their phone number.[7]
In 2013, Blackstone started to pave the way for the sale of La Quinta.[8] Up until the 2014 stock offering, all La Quinta backdrop were owned or franchised past the visitor's subsidiary La Quinta Properties, Inc., a existent estate investment trust (REIT), which leased the properties back to the parent company.[ane] In 2015, La Quinta launched its Del Sol prototype featuring LED lighting, indoor and outdoor pools, and a modernized ornament.[9] In September 2015, the President and CEO Wayne Goldberg stepped down. CFO Keith Cline became the interim CEO.[10] [11]
2018 Wyndham acquisition [edit]
On January 18, 2018 Wyndham Worldwide Corporation and La Quinta Holdings Inc. appear they had entered into a definitive understanding under which Wyndham Worldwide volition learn La Quinta's hotel franchise and hotel management businesses for $one.95 billion in cash. The loyalty programs of La Quinta and Wyndham were planned to exist combined into a single 1. The deal also included that La Quinta's real estate be spun off into a divide company, CorePoint Lodging, a publicly-traded real estate investment trust. Buying La Quinta enabled Wyndham to get the third-largest hotel rooms operator in the world, 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 programmer Profusion Group to appoint in the rapid evolution 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 of operations price for a room is nether $l. Company-endemic hotels are standardized. Franchised hotels vary more. The hotel concatenation targets eye-income, price-conscious travelers. The reservation cancellation fees are flexible. Most backdrop have a pool.[7]
LQ Management LLC, the owner, has its headquarters in the Las Colinas area of Irving, Texas, near Dallas.[three] [16]
References [edit]
- ^ a b c http://d18rn0p25nwr6d.cloudfront.cyberspace/CIK-0001722684/07a66b37-b5b1-4c86-9949-cba03f9f3417.pdf[ bare URL PDF ]
- ^ a b ; it likewise could mean "mansion."La Quinta Inns, Inc., History
- ^ a b Travis E. Poling and Bonnie Pfister (March 17, 1999). "La Quinta moving to Dallas suburb;Hotelier cites S.A.'southward lack of nonstop flights". San Antonio Limited-News.
- ^ "La Quinta to motility office to Las Colinas The hotel chain'southward officials say the company needs to be well-nigh a major drome". Fort Worth Star-Telegram. March 18, 1999. p. 12 Business. Retrieved March 24, 2010.
- ^ "Blackstone now controls xv brands, over 560,000 rooms". 4hoteliers.com. nineteen July 2009. Retrieved 11 November 2019.
- ^ "Blackstone to Purchase Wyndham Hotels". Latimes.com. 15 June 2005. Retrieved xi November 2019.
- ^ a b Brad Tuttle (9 Apr 2014). "Why La Quinta Is Not Simply Some other Inexpensive Motel Brand". Time.com . Retrieved xi November 2019.
- ^ Craig Karmin (six August 2013). "Blackstone Prepares to Sell La Quinta Hotels". Wsj.com . Retrieved xi Nov 2019.
- ^ Danni Santana (25 July 2019). "The La Quinta Make Is Receiving Enough 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 Nov 2019.
- ^ Nancy Trejos (18 January 2018). "Wyndham Hotels to buy La Quinta hotels". Usatoday.com . Retrieved 11 Nov 2019.
- ^ Sanjana Shivdas (18 January 2018). "Wyndham to buy La Quinta hotel business for $one.95 billion". Reuters.com . Retrieved 11 November 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 Democracy". Caribjournal.com. 3 June 2019. Retrieved 11 November 2019.
- ^ "Fact Sheet Archived 2012-08-17 at the Wayback Automobile." La Quinta Inns & Suites. Retrieved on March 24, 2010.
External links [edit]
- Official website
Source: https://en.wikipedia.org/wiki/La_Quinta_Inns_%26_Suites
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