News for the Hospitality Executive
La Quinta Inns & Suites Achieves Record Growth in
First Half of 2008
Highlights include more than 70 new franchise agreements, a burgeoning pipeline and the
highest percentage of new construction properties opened in the first half of any year
DALLAS (Aug. 11, 2008) – La Quinta Franchising, the top franchise organization in the hotel industry, achieved record-breaking growth in the first half of 2008 and anticipates continued success in the second half of the year. Here is a summary of the record-breaking numbers:
The results follow a year in which La Quinta was recognized as the fastest-growing brand in the entire hotel industry (2007) and its franchising program has been cited for two-years running as providing the best Return on Investment (ROI) for franchisees.
La Quinta’s franchising program was launched in 2001 and since then has signed more than nearly 600 franchise agreements. The brand has grown to more than 650 hotels with another 246 in the pipeline. Its rapid pace of growth makes La Quinta a top franchise choice and the industry leader in the mid-market segment.
About La Quinta