News for the Hospitality Executive
La Quinta Continues Record Growth to Close the Third Quarter of 2008
Highlights include 45 hotels
opened year to date, more than 100 agreements signed,
more than 250 properties in the pipeline, and continued strong RevPAR growth
Dallas, TX – October 22, 2008 – La Quinta Franchising, the top franchise organization in the hotel industry, continued its record-breaking growth during the third quarter of 2008, and anticipates continued success in the final quarter of the year.
Here is a summary of the record-breaking numbers:
He concluded, “As we look ahead toward the fourth quarter and further toward 2009, we are more confident than ever that the La Quinta brand will stay at the ahead of the pack, providing a superior return on investment for franchisees, and an unbeatable limited service guest experience for consumers.”
The third quarter 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 nearly 600 franchise agreements. The brand has grown to more than 670 hotels, with another 250 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 LQ Management LLC
|Also See:||La Quinta is the Fastest-Growing Hotel Brand for 2007 - 2008 is Off to a Fast Start / March 2008|
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