La Quinta Continues Strong Domestic and International Franchise Development in First Quarter 2016
May 3, 2016 5:36am
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.”
Tags: la quinta,
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
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
Construction Begins on New La Quinta Inn & Suites Coming to Morgan Hill, CA
La Quinta Holdings Enters Definitive Agreement to Sell 24 Owned Hotels
La Quinta Adds to International Expansion with Opening of First LQ Hotel in Honduras
Please login or register to post a comment.