After Extended Stay of America, whose introduction and generated 650 million USD, and Hilton Worldwide which raised 2.7 billion USD, the group is poised to introduce the La Quinta chain, a network of 830 hotels for 80,000 rooms in the United States, Canada and Mexico. Blackstone acquired the hotel group for 3.4 billion USD in 2006, the largest hotel transaction. He considered a complete sale of the company, but now seems to opt for a partial introduction which will valorize assets more.The group's decision is supported by the good performance of the market during the first two introductions. The share price of Extended Stay America has gained 24% since November, and the share price of Hilton Worldwide has increased by 8% a few weeks after the start of trading.Blackstone and its partners largely remain shareholders of the company and still control management while recovering strong liquidity.The recovery of the hotel industry in the U.S. market reinforces this strategy. La Quinta has already announced an increase in RevPAR of more than 4 % over the first ten months of the year.
United-States
