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La Quinta explores selling company

Profile Photo By: Steve Shellum
May 16, 2017

La Quinta explores selling company

Irving, Texas – 16 May 2017 –
North American budget hotel chain La Quinta is preparing to explore a sale of the company, hoping for a high valuation as its seeks to spin off its real estate assets, people familiar told Reuters.

La Quinta believes proceeds from the potential sale would help make the tax hit it will incur as a result of the spinoff more palatable to shareholders, the sources said.

It plans to place its real estate business into a publicly listed real estate investment trust, and keepRead More

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