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La Quinta Inns & Suites Reports Unprecedented Franchise Growth in First Quarter

From Colombia to Canada, Coast-to-Coast in the U.S. La Quinta Executes Nine Agreements,
Opens Seven New Locations and Has 169 Hotels in the Pipeline

 
DALLAS (April 20, 2012) – La Quinta Inns & Suites announced first quarter 2012 results which include the announcement of the company’s expansion into Colombia, a renewed push in Canada, the opening of seven hotels in six states and the signing of nine new franchise agreements. The brand now has more than 820 hotels in the system and more than 169 in the new opening pipeline. The seven new La Quinta Inns & Suites hotels opened in the first quarter are:
  • Ormond Beach, Florida – 69 Rooms
  • Idaho Falls, Idaho – 84 Rooms
  • Manchester, New Hampshire – 109 Rooms
  • Minot, North Dakota – 90 Rooms
  • Marshall, Texas – 61 Rooms
  • Pearsall, Texas – 65 Rooms
  • Doswell, Virginia – 72 Rooms    
Rajiv Trivedi, La Quinta’s Executive Vice President and Chief Development Officer said, “We are happy to announce our first quarter results which include nine new agreements and seven openings.” He concluded, “We are especially pleased the growth comes in all part of the United States as well as internationally which is further testimony to the broad appeal of the La Quinta brand. We look forward to continuing to update the industry in what we are confident will be an outstanding year for growth and development.”

The new franchise agreements signed in the first quarter include plans to develop La Quinta hotels in Pomona, California and Big Flats, New York and plans for the first La Quinta Inn & Suites to be developed in Colombia, as announced at the 2012 La Quinta Conference. The brand also anticipates significant growth opportunities in Canada, where it executed an agreement for a new hotel in Ontario.
 
Among the new properties opened in the U.S. is the first La Quinta Inn & Suites in Manchester, New Hampshire which adds to La Quinta’s growing presence in New England. It is owned by the Roedel Group, based in Springfield, Massachusetts. The new La Quinta Inn & Suites in Minot, North Dakota was built by developer Chuck Hayes who now has four La Quinta hotels open and another three under development.

“As I have always said, La Quinta's growth is a result of our commitment to guest satisfaction and the great relationships we have with our partners,” said Wayne Goldberg, La Quinta’s President and Chief Executive Officer. He concluded, “We are very happy to announce these results which demonstrate not only our reach into new geographic areas but also our continued growth with trusted, industry-leading partners in different parts of the country.”
 
About La Quinta
LQ Management L.L.C. is one of the largest operators of limited-service hotels in the United States.  Based in Dallas, Texas, the Company operates and provides franchise services to more than 800 hotels in 46 states, Canada and Mexico under the La Quinta Inn® and La Quinta Inn & Suites® brands. For reservations or more information about La Quinta, please visit www.LQ.com or call 1-800-SLEEPLQ.    Follow La Quinta Inns & Suites on Twitter at http://twitter.com/LQ or become a Facebook fan at http://www.facebook.com/laquinta.

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Contact: 

Teresa Ferguson
212-492-6937
teresa.ferguson@laquinta.com

Michael Frenkel
(212) 808-6559
michael@mfcpr.com 
 
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Also See: La Quinta is the Decade's Fastest Growing Select Service; According to Smith Travel Research, La Quinta's Worldwide Growth Exceeds its Nearest Competitor by More than 250% in the last ten years -- and in domestic growth by more than 25% in the last five years / February 2012

La Quinta Inns & Suites Opens in Puebla Palmas, Mexico / December 2011

La Quinta Inns & Suites Announces Edgar Garin as Director of Franchise Development for Central and South America; La Quinta Continues to Invest in Latin American Growth with a Burgeoning Pipeline of more than 1,100 Rooms and an Enhanced Infrastructure to Promote Rapid Expansion / November 2011

La Quinta Inns & Suites Announce Year-End Results; 2010 Numbers Exceed Expectations in Quality, Service, Guest Satisfaction and Growth Position the Brand for an Even Brighter 2011 / February 2011

La Quinta Inns & Suites Announces Mark Heisler as Director of Development for the Midwest / January 2011

La Quinta Inns & Suites Adds Three Hotels in Idaho; Agreement with AmeriTel Inns, Brings La Quinta Brand to Boise, Idaho Falls and Twin Falls / July 2010

Ameritel Planning Two Hotels in Twin Falls, Idaho / July 2006
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