Close

Cart

Total $0.00

Checkout
  • Opened five new franchise hotels, representing approximately 650 rooms, including key markets Atlanta Airport and Downtown Monterrey, Mexico
  • Signed 12 new franchise agreements, growing development pipeline to 232 hotels, representing more than 20,000 rooms
  • Geographically diverse pipeline includes 42 new Smith Travel Research market tracts

 

IRVING, Texas (May 3, 2016)La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) is pleased to announce that franchise interest in La Quinta continues to remain exceptionally strong both domestically and internationally. During the first quarter of 2016, La Quinta opened five new franchise hotels, representing approximately 650 rooms and signed 12 new franchise agreements, growing its development pipeline to 232 hotels, representing more than 20,000 rooms. La Quinta’s geographically diverse pipeline will extend the brand’s distribution into higher RevPAR markets, facilitate its entry into 42 new Smith Travel Research market tracts in the U.S. and add locations in Mexico and Central and South America.

The newly opened hotels include La Quinta Inn & Suites in Luling, Texas; Atlanta Airport North, Georgia; Kearney, Nebraska; and West Monroe, Louisiana; and LQ Hotel by La Quinta in Monterrey, Mexico, which represents La Quinta’s eighth open location in Mexico. The 12 new franchise agreements include contracts for new hotel locations in fundamentally strong markets, including the fairgrounds in Nashville, Tennessee; downtown Chattanooga, Tennessee; the entrance to Disney World in Lake Buena Vista, Florida; and the shoreline in Corpus Christi, Texas. Of the 232 hotels in La Quinta’s development pipeline, 88 percent are new construction.

“La Quinta’s progress in the first quarter of 2016 reflects the Company’s aggressive growth and expansion efforts in all parts of the United States and increasingly, throughout the Western Hemisphere,” said Rajiv Trivedi, La Quinta’s Executive Vice President and Chief Development Officer. “La Quinta’s value proposition for hotel owners and developers has never been stronger. Our pipeline is robust and we look forward to continued growth in key markets in the months ahead.”

About La Quinta Holdings Inc.

La Quinta Holdings Inc. (LQ) is a leading owner, operator and franchisor of select-service hotels primarily serving the upper-midscale and midscale segments. The Company's owned and franchised portfolio consists of more than 880 properties representing approximately 87,500 rooms located in 48 states in the U.S. and in Canada, Mexico and Honduras. These properties operate under the La Quinta Inn & Suites™, La Quinta Inn™ and LQ Hotel™ brands. La Quinta's team is committed to providing guests with a refreshing and engaging experience. For more information, please visit: www.LQ.com.

Contact: Teresa Ferguson

Teresa.Ferguson@laquinta.com / (214) 492-6937

Related News

Carlson Rezidor Hotel Group Expands Its Development Team in the Americas with Nine Appointments

La Quinta Holdings Names Keith A. Cline President and CEO of CorePoint Lodging Inc.

La Quinta Files With SEC to Spin Off New Real Estate Company

La Quinta Launches Enhanced Returns Loyalty Program with Industry-First Benefits, Innovations and Rewards

La Quinta Continues Strong Domestic and International Franchise Growth in Third Quarter 2016

La Quinta Inn & Suites Hotel Opens in Durango

La Quinta Inns & Suites Names J. Sal Icaza New Director of Franchise Development

La Quinta Continues Strong Domestic and International Franchise Growth in Second Quarter 2016

LaQuinta Inns & Suites Partners with Snowball Express, Texas-Based Nonprofit Serving Children of America's Fallen Military

La Quinta Inn & Suites Hotel Opens in Hollister, Missouri

La Quinta Between the Sheets: Above the Clutter Presented by Pete Krainik in Partnership with IBM

La Quinta Holdings Inc. Appoints John Cantele as Chief Operating Officer

LQ Hotel by La Quinta Opens in Aguascalientes

La Quinta Inn & Suites Hotel Opens in Atlanta

La Quinta Inns & Suites Opens in Rockford

La Quinta Inn & Suites Opens in Niagara Falls

La Quinta Inns & Suites Continues Urban Expansion with Hotel Opening in Chicago

La Quinta Inns & Suites Announces the Opening of 2nd New Prototype Design Located in Cedar City, UT

La Quinta Holdings Inc. Appoints Interstate CEO Jim Abrahamson To Board Of Directors

La Quinta Inn & Suites Hotel Opens in Chattanooga

All News »

Please login or register to post a comment.