La Quinta IPO shows hotel industry strength

12/25/2013 | USA Today

Blackstone Group's La Quinta Holdings has submitted a draft registration statement to the U.S. Securities and Exchange Commission for an initial public offering. Blackstone purchased La Quinta in 2005 for $3.4 billion; the number of shares of common stock to be sold and the price range for the proposed offering have not been disclosed. Experts see this as a positive sign for confidence in the hospitality industry.

View Full Article in:

USA Today

Published in Briefs: