News for the Hospitality Executive
La Quinta Inns & Suites Has Strong First Half of 2009;
Adds 21 Properties, Executes 36 Contracts
DALLAS (July 15, 2009) – La Quinta Inns & Suites, the top franchise organization in the hotel industry, opened 21 hotels in 12 states during the first half of 2009. La Quinta also executed 36 new franchise agreements including locations in Panama and expects its strong pace of growth to continue during the remainder 2009. In addition, the Company reported another increase in guest satisfaction scores, demonstrating the brand’s continuing and increasing appeal to consumers.
Here are highlights of La Quinta’s first half performance:
1. La Quinta Added 21 properties in 12 states and now has more than 730 hotels in 46 states across the country. Seventeen of the properties opened in the first half of 2009 were new construction. A complete list of the new La Quinta hotels is at the conclusion of this press release.Rajiv Trivedi, La Quinta’s Executive Vice President and Chief Development Officer said, “We are pleased to announce these first half results demonstrating once again the strength of the La Quinta brand both as a growth story and for the outstanding guest experience our hotels provide in markets across the country and internationally as well.” He concluded, “In spite of generally challenging economic circumstances for the industry, we expect to continue to share good news in the months ahead. “
In addition to the franchise growth numbers, La Quinta opened a corporate-owned hotel in downtown Chicago in April. This newly constructed/adaptive reuse project includes multiple room layout options, meeting space, a full slate of business amenities and noteworthy “Green” features. La Quinta also unveiled a new Urban Design prototype which has been well received by developers interested in building new La Quinta hotels in markets across the country.
“We are proud of La Quinta’s performance in the first half of 2009 and attribute the results to a strong core operating philosophy that we continue to adhere to and which leaves us in a strong position even amidst the challenging operating environment for the industry.” said Wayne Goldberg, President and Chief Executive Officer. He concluded, “We look forward to announcing additional new innovations and achievements in the second half of the year.”
La Quinta’s franchising program was launched in 2001 and since then has signed more than 600 franchise agreements. The brand has grown to more than 730 hotels with more than 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. La Quinta was named the fastest-growing brand in the industry in 2008 and was selected as the top brand for franchisee ROI two years running (2007 and 2008).
List of New La Quinta Hotels Opened in the First Half of 2009
About La Quinta
Michael Frenkel for La Quinta Inns & Suites
|Also See:||La Quinta’s Record Growth Continues in 2008 - 129 new agreements were signed, and more than 80 hotels opened / January 2009|
|La Quinta is the Fastest-Growing Hotel Brand for 2007 - 2008 is Off to a Fast Start / March 2008|