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3 Groups considering bid for La Quinta

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Published on 03/10/13 - Updated on 17/03/22

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La Quinta

Three groups have reportedly shown interest in La Quinta hotels for the first-round bids next week.

In August, Blackstone reportedly hired JP Morgan Chase and Morgan Stanley to explore a public offering for La Quinta Inns & Suites. Next week, first-round bidding will open on the 850-hotel brand.Three groups have stood out as potential bidders. They are: Choice Hotels International, Hospitality Properties Trust, and Apollo Global Management. La Quinta is expected to be valued at as much as $4.5 billion.

La Quinta Inn & Suites
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La Quinta Inn & Suites

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  • La Quinta Inn & Suites United-States
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