 
Back
To News/PR Index
|
|
La
Quinta Continues Strong Domestic
and
International Franchise Growth in Third Quarter 2016
|
-
Opened 15 new franchised hotels, representing
approximately 1,300 rooms including markets such as Durango, Colorado,
Medellin, Colombia and the first DFW-area Del Sol prototype location in
Plano, Texas
-
Signed 21 new franchise agreements, growing
development pipeline to 239 hotels, representing approximately 21,800 rooms
-
Geographically diverse pipeline includes 38
new Smith Travel Research market tracts
|
|
Irving,
TX – November 2016 / Newsmaker Alert / La
Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) is please
to share that during the third quarter of 2016, La Quinta grew its geographic
reach by opening 15 new franchised hotels totalling approximately 1,300
rooms and signed 21 new franchise agreements, increasing its development
pipeline to 239 hotels totaling approximately 21,800 rooms. La Quinta’s
geographically diverse pipeline extends the brand’s distribution into higher
RevPAR markets, facilitating its entry into 38 new Smith Travel Research
market tracts in the U.S.
La
Quinta Inn & Suites locations that opened during the third quarter
include:
-
Alabama
– Cullman
-
Arizona
– Kingman, Page at Lake Powell and Williams-Grand Canyon Area
-
California
– Morgan Hill-San Jose South
-
Colorado
– Durango
-
Georgia
– Forsyth
-
Illinois
– Effingham
-
Louisiana
– Lake Charles-Westlake
-
Oklahoma
– Weatherford
-
Pennsylvania
– Mechanicsburg-Harrisburg and Philadelphia Airport
-
Tennessee
– Loudon
-
Texas
– Plano-Legacy
-
South
America – Medellin, Colombia
La Quinta
franchise development activity remains strong both domestically and internationally.
The 21 new franchise agreements include contracts for new hotel locations
in several urban markets including the Gaslamp District in San Diego, California,
the Greenway Plaza area of Houston, Texas and the Boca del Rio section
of Veracruz, Mexico as well as the leisure destination of Orlando, Florida
near SeaWorld. Of the 239 hotels in La Quinta’s development pipeline, 89
percent are comprised of new construction developments.
“We
continue to see growth domestically and internationally as we introduce
the brand to new business and leisure travelers in North America and Latin
America,” said Rajiv Trivedi, La Quinta’s Executive Vice President and
Chief Development Officer. “We are thrilled to work with developers and
franchisee partners who are embracing our value proposition so we can continue
to bring innovation to the hotel marketplace and broaden our geographic
reach.”
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 890 properties representing approximately 88,000 rooms located in
48 states in the U.S., and in Canada, Mexico, Honduras and Colombia. 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.
Teresa
Ferguson
Director
Communications & Public Relations
La
Quinta Holdings Inc.
214-492-6937
|
Michael
Frenkel
MFC
PR – New York
for
La Quinta Holdings Inc.
201-317-7035 |
