La Quinta by Wyndham, also known as ''La Quinta Inn & Suites'' (Spanish: ''La Quinta'', "the country villa", ) is a chain of limited service

hotels A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refr ...

in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

, and

Honduras Honduras, officially the Republic of Honduras, is a country in Central America. It is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, ...

owned by

Wyndham Hotels & Resorts Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchising, franchisor in the world, with 9,100 locations. The company was formed on J ...

. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta has headquarters in

Irving, Texas Irving is a city in Dallas County, Texas, United States. It is part of the Mid-Cities region of the Dallas–Fort Worth metroplex and is an Inner suburb, inner city suburb of Dallas. Irving is noted for its #Demographics, racial and ethnic diver ...

. As of December 31, 2023, the company owns and operates 918 properties with 89,391 rooms.

History

1968 launch

The first La Quinta Inn location was opened in 1968 by real estate entrepreneur Sam Barshop (1929–2013) and his brother Phil (1935–1998) in

San Antonio, Texas San Antonio ( ; Spanish for "Anthony of Padua, Saint Anthony") is a city in the U.S. state of Texas and the most populous city in Greater San Antonio. San Antonio is the List of Texas metropolitan areas, third-largest metropolitan area in Texa ...

, across the street from the site of HemisFair '68 World's Fair. La Quinta's first headquarters were in San Antonio. In 1999 the company announced it was going to move, transferring over 100 jobs from city to city. The company cited the lack of nonstop flights from

San Antonio International Airport San Antonio International Airport is an international airport in San Antonio, Texas, United States. It is in Uptown Central San Antonio, about north of Downtown. It has three runways and covers . Its elevation is above sea level. SAT averag ...

as a reason for moving. The company wished to have its headquarters near

Dallas/Fort Worth International Airport Dallas Fort Worth International Airport is the primary international airport serving the Dallas–Fort Worth metroplex and the North Texas region, in the U.S. state of Texas. It is the largest hub for American Airlines, which is headquartere ...

, a large airport. The company kept around 300 employees who worked in accounting, information systems, and reservations in San Antonio.

2005 Blackstone acquisition

LQ Corporation, the 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 Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

for $3.4 billion in cash and debt. The merger closed on January 25, 2006. At that point, the La Quinta group ranked 13th hotel group worldwide, owned 360 hotels, and franchised 250 under the names La Quinta Inn, La Quinta Inn & Suites, Baymont Inn & Suites, Woodfield Suites and Budgetel (about 65,000 rooms). Blackstone had just bought Wyndham Hotels a few months before, the hotel group that would acquire La Quinta in 2018. In 2011, La Quinta gave up on pay-per-view in-room entertainment to focus on letting customers use their own devices. In 2012, La Quinta launched the Instant hold option, allowing customers to make last-minute reservations with their phone numbers. In 2013, Blackstone started to pave the way for the sale of La Quinta. Up until the 2014 stock offering, all La Quinta properties were owned or franchised by the company's subsidiary La Quinta Properties, Inc., a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

(REIT), which leased the properties back to the parent company. In 2015, La Quinta launched its Del Sol prototype featuring LED lighting, indoor and outdoor pools, and a modernized decoration. In September 2015, the President and CEO Wayne Goldberg stepped down. CFO Keith Cline became the interim CEO.

2018 Wyndham acquisition

On January 18, 2018, Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced they had entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta's hotel franchise and hotel management businesses for $1.95 billion in cash. The loyalty programs of La Quinta and Wyndham were planned to be combined into a single one. The deal also included that La Quinta's real estate be spun off into a separate company, CorePoint Lodging, a publicly-traded real estate investment trust. Buying La Quinta enabled Wyndham to become the third-largest hotel rooms operator in the world, pipping

InterContinental InterContinental Hotels & Resorts by IHG is a British-American luxury hotel brand created in 1946 by Pan Am founder Juan Trippe. It has been part of UK-based InterContinental Hotels Group since 1998. As of January 2023, there were 208 InterC ...

. The acquisition was completed on May 31, 2018 adding over 900 franchised hotel properties to the Wyndham portfolio. In June 2019, La Quinta signed a deal with the Caribbean developer Profusion Group to engage in the rapid development of the brand in the

Dominican Republic The Dominican Republic is a country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the Atlantic Ocean, North Atlantic Ocean. It shares a Maritime boundary, maritime border with Puerto Rico to the east and ...

(8 locations in 5 years).

Description

''La Quinta'' in some Spanish-speaking countries means "the country place"; it also could mean "mansion"."La Quinta Inn, Inc., History"
/ref> Room types and settings vary by hotel. The price rate changes daily, and company-owned hotels are standardized. Franchised hotels vary more. The hotel chain targets middle-income, price-conscious travelers. The reservation cancellation fees are flexible. Most properties have a pool. LQ Management LLC, the owner, has its headquarters in the

Las Colinas Las Colinas is a mixed-use planned community development in Irving, Texas governed by The Las Colinas Association, a Texas nonprofit corporation. Due to its central location in the Dallas/Fort Worth Metroplex and proximity to Dallas/Fort Wor ...

area of

, near

Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

.Fact Sheet
; . La Quinta Inn & Suites. Retrieved on March 24, 2010.

References

External links

Official website
{{DEFAULTSORT:La Quinta Inn and Suites 1968 establishments in Texas 2014 initial public offerings 2018 mergers and acquisitions Blackstone Inc. companies Companies based in Irving, Texas Companies formerly listed on the New York Stock Exchange Hotel chains in the United States Hotels established in 1968 Franchises Private equity portfolio companies Wyndham brands