La Quinta Inns & Suites

La Quinta Inn is a chain of limited service hotels in the United States, Canada and Mexico. The headquarters is in Irving, Texas.

All properties are owned by the company's subsidiary La Quinta Properties, Inc., a real estate investment trust (REIT), which leases the properties back to the parent company. The company owns and operates about 370 properties and franchises approximately 225 under the various brand names.

La Quinta competes in the limited-service, mid-priced hotel segment, along with AmericInn Hotels, Comfort Inn, Baymont Inn & Suites, Fairfield Inn, Best Western, and Hampton Inn. This means that there is usually no on-site dining on the premises. Most La Quinta Inns are built with Spanish or Southern architecture, although with the rapid expansion of the brand, this is quickly changing. A free deluxe continental breakfast bar is offered at the majority of locations, and swimming pools are available at most of them as well.

La Quinta in Spanish roughly translates to 'farmhouse'.

History

La Quinta opened its first hotel in 1968 to host guests of the HemisFair '68 World's Fair, in San Antonio, Texas. The company's headquarters remained in San Antonio until 1999 when they were relocated to Irving, Texas; a suburb of Dallas.

LQ Corporation, parent company to subsidiary LQ Properties, Inc, announced on November 9, 2005 that it had agreed to be acquired by the private-equity firm Blackstone Group for $3.4 billion in cash and debt. The merger closed on January 25, 2006.

Each room has a television, iron, hair dryer, coffee maker, complementary breakfast, on site gym or complementary passes to local gym. La Quinta Inns are usually located in areas that are surrounded by nearby restaurants and shopping malls.

Today LQ Management LLC is one of the largest operators of limited-service hotels in the United States with over 625 hotels in 40 US states, Canada and Mexico operating under the "La Quinta Inns" and "La Quinta Inns & Suites" brands as an international company.

"La Quinta Inns & Suites" locations have indoor pools, jacuzzi rooms, all rooms include a microwave and refridgerator. Typically, the "La Quinta Inns" locations do not have indoor pools and jacuzzi rooms. Their deluxe rooms include microwaves and refridgerators.

References

*"La Quinta inks $3.4B deal, shares soar". [http://money.cnn.com/2005/11/09/news/midcaps/blackstone.reut/index.htm CNN] . Retrieved Nov. 9, 2005.

External links

* [http://www.lq.com/lq/index.jsp La Quinta Inns & Suites]