Blackstone Group, a private equity giant, bought out La Quinta for $4. 4 billion in 2018. The company first purchased the hotel chain in 2005 for $3. 4 billion, and this sale marked the end of a 13-year period in which Blackstone held the majority of La Quinta’s ownership.
The sale marked Blackstone’s largest sale since the financial crisis, and came after a year of strong growth within the hospitality industry. La Quinta operates more than 850 hotels across 44 states, providing hotel accommodations to budget-minded travelers.
The sale took place nearly two years after La Quinta decided to go public, and the company’s stock rose by 7. 5% over the course of 2018.
La Quinta provides hotels at various star levels and are located throughout the U. S. in locations ranging from major cities to small rural towns. The company is known for its low-cost accommodations and warm hospitality, and plans to continue to expand its business as part of its deal with Blackstone.
Blackstone is also using the sale of La Quinta as an opportunity to invest further in the travel and hospitality industries.
Who owns La Quinta now?
La Quinta Holdings Inc. , formerly known as Wyndham La Quinta, is a hospitality company based in Irving, Texas, that owns and operates the La Quinta Inn brand. It is a subsidiary of Wyndham Hotels & Resorts, which is a part of parent company Wyndham Hotels & Resorts, Inc.
Wyndham Hotels & Resorts is a leading global hospitality and hotel management company with a portfolio of nearly 9,000 hotels and 20 iconic brands, including La Quinta.
In December 2018, Wyndham Hotels & Resorts acquired LaQuinta Holdings Inc. in a deal worth approximately $1. 95 billion. Wyndham Hotels & Resorts now owns and operates the La Quinta Inn brand, as well as its official website and franchised locations.
Is La Quinta owned by Marriott?
No, La Quinta is not owned by Marriott. La Quinta was bought by Blackstone Group in 2018 and then Blackstone sold the company to Wyndham Worldwide in 2018 and as such it is a brand within Wyndham Hotels and Resorts.
Marriott, on the other hand, is a separate organization and they own a variety of different hotel brands, including but not limited to: Courtyard by Marriott, Residence Inn by Marriott, and Fairfield by Marriott.
Why is Dennys always next to La Quinta?
It’s a common sight to spot a Denny’s restaurant located close to a La Quinta hotel, particularly in the United States. The reason why is because Denny’s and La Quinta have partnered together to offer special hospitality packages for travelers and business travelers.
Denny’s and La Quinta provide travelers with exclusive benefits, such as free breakfast for two when staying at a La Quinta hotel and a discounted rate when eating at Denny’s, to make their stays more convenient and enjoyable.
This benefits both the companies as well as their guests who get to take advantage of the affordable services and convenience of these two businesses. Additionally, these businesses can also benefit from gaining more visibility in their local community as they share similar locations.
How much did La Quinta sell for?
In May 2018, La Quinta Holdings, Inc. was sold to Wyndham Hotels & Resorts, Inc. in a cash transaction valued at $8. 40 per share or approximately $1. 95 billion. This includes approximately $1. 4 billion for the hotel chain’s assets and about $550 million for the franchise’s assets.
With the addition of La Quinta, Wyndham Hotels & Resorts now operates in nearly 9,000 locations worldwide. The move will enable Wyndham to offer a broader selection of lodging options, from economy through upscale hotels.
Does Blackstone own La Quinta?
No, Blackstone does not own La Quinta. La Quinta was acquired by Wyndham Hotels & Resorts in 2018. Blackstone Group is a private equity, investment and financial services firm based in New York City.
The firm operates in the real estate, private equity and credit markets, as well as in the financial services and health care sectors. As of 2020, Blackstone has $555 billion in assets under management and is the world’s largest alternative asset manager.
The firm has invested in some of the world’s leading companies, including Hilton Worldwide, Invitation Homes, and Merlin Entertainments. However, Wyndham Hotels & Resorts is now the owner of La Quinta, a leader in the midscale and upper-midscale lodging segment in the US.
Wyndham Hotels & Resorts is one of the largest hotel companies in the world, with more than 8,500 hotels across 80 countries.
Who owns Extended Stay America?
Extended Stay America is currently owned by a consortium of Blackstone Group, Paulson & Co. and Starwood Capital Group. The three companies purchased the company in October of 2004 for $3. 9 billion.
The company was previously held by Capital Trust, Exchange Income Trust, and outside investors. The company is now the largest extended stay hotel chain in the United States with over 690 properties located in most of the major cities.
The company is known for providing a generous array of amenities for guests, including an in-room kitchen, free Wi-Fi, laundry facilities and complimentary breakfast. Extended Stay America also offers a loyalty program, which allows guests to earn rewards and discounts with participating hotels.
Do La Quintas have free breakfast?
No, La Quinta hotels do not offer free breakfast. However, many locations have a 24-hour Pavilion Pantry Market and serve Starbucks coffee in the lobby. To accommodate early risers and night owls, La Quinta also offers its LQ&you Breakfast, which is a $5 Grab & Go breakfast option.
This includes a breakfast sandwich and a small bottle of water. For guests looking for a more substantial breakfast, La Quinta Inn & Suites locations have a complimentary Bright Side Breakfast for all guests.
The breakfast includes a variety of hot and cold items, including oatmeal, breakfast burritos, breakfast bars, and yogurt.
How long is breakfast served at La Quinta?
Breakfast is served daily at LaQuinta from 6:00 AM to 10:00 AM. You may enjoy breakfast from an Expanded Continental breakfast in select locations, Express Start Breakfast from all locations, and Hot Signature Breakfast from select locations.
The Expanded Continental breakfast includes fresh pastries, apple slices, yogurt, granola, hard boiled eggs, and hot and cold cereals with toppings. The Express Start Breakfast consists of a warm pastry and your choice of topping, as well as hot and cold cereals.
The Hot Signature Breakfast includes waffles and/or pancakes, breakfast burritos, and breakfast sandwiches.
What is a bright side breakfast at La Quinta include?
A bright side breakfast at La Quinta includes a flavorful spread of selections that appeal to many different tastes and preferences. Guests can choose from an array of hot and cold options that include fresh fruit, omelets, eggs and breakfast meats, breakfast potatoes, breakfast burritos, muffins, and pastries, as well as oatmeal, cereal, yogurt, and toast.
The hot and cold options are accompanied by condiments including fresh-brewed coffee, tea, an assortment of juices, and milk. All of the breakfast items are proactively replenished throughout the breakfast hours to ensure that guests have a delicious and convenient breakfast experience.
Is coffee free in La Quinta Inn?
No, coffee is not free in La Quinta Inn. However, each hotel room is equipped with a Keurig coffee maker and you can purchase an individual K-Cup from the hotel’s lobby store. You may also receive complimentary coffee if you are a Gold, Elite or Member Plus Member of the La Quinta Returns loyalty program.
Additionally, select La Quinta Inns and Suites locations offer a free breakfast bar that includes coffee.
What is a continental style breakfast?
A continental breakfast is a style of breakfast typically served in hotels, cafes, and other types of hospitality venues. It typically consists of light fare such as breads, pastries, yogurts, jams, cold meats and cheeses, fruit, and beverages such as coffee, juice and tea.
These items can be served either hot or cold, depending on the type of establishment. Continental breakfasts are often the most affordable, efficient, and convenient way to get a nutritious breakfast, and are suitable for guests who sometimes do not have the time to make full breakfast.
Furthermore, it offers more variety than a traditional English breakfast, while being much lighter than a buffet style breakfast. It’s a great way to start your day, providing you with the essential nutrients to help you get through the day.
What’s the difference between a continental breakfast and a complimentary breakfast?
A continental breakfast typically includes coffee, tea, and a selection of breads and pastries. This type of breakfast is often served buffet-style and is usually free of charge. A complimentary breakfast, on the other hand, typically includes an assortment of hot items such as eggs, bacon, or sausage, as well as scrambled eggs, waffles, pancakes, yogurt, and other breakfast items.
Generally, a complimentary breakfast is offered in a buffet or full-service style. In addition, the food is typically prepared to order and is often included with the cost of the room, making it a more exclusive offering than a continental breakfast.
Why is it called continental breakfast in America?
A continental breakfast is a type of breakfast usually served in hotels and bed and breakfasts in the United States. It typically consists of coffee, tea, juice, bread and pastries, cereal and yogurt, and fruit.
The term “continental breakfast” is believed to have originated in Europe, where the breakfast was typically light and of a Continental style (as opposed to a Hearty English style breakfast). As Americans began to travel to Europe, the term Continental breakfast was adopted to encompass the lighter breakfast style.
It soon became a standard type of breakfast served in American hotels and bed and breakfasts.
The term Continental breakfast became so common in the United States that it later became a euphemism for a light or inadequate breakfast, as the typical American breakfast generally has a wider variety of foods than the traditional European-style continental breakfast.
This led to the adoption of the term “continental breakfast” in the United States in contrast to more traditional “American” breakfasts.
What are the 3 types of breakfast?
The three types of breakfast usually vary. Depending on the region and culture, the types of breakfast may vary, but typically there are three main types of breakfast.
1. The traditional full breakfast: This type of breakfast is usually hearty with several components. It is usually associated with some kind of cooked protein (such as bacon, sausage, ham, or eggs), toast, baked beans, tomatoes, and mushrooms.
Of course, the traditional breakfast can vary depending on the regional cuisine.
2. Continental breakfast: This type of breakfast is usually lighter than the traditional full breakfast and usually consists of breads and pastries, such as croissants and toast, with jams and butter or cheese, along with coffee and tea.
3. Specialty breakfasts: Commonly served in restaurants today, specialty breakfasts have become popular in many cultures. These breakfasts can range from healthy options like oatmeal, whole grain toast, smoothies, and fruit, to sweeter indulgences such as French toast, pancakes, or waffles.
Specialty breakfasts can feature unique ingredients, toppings, and combinations to create a dish personalized to your taste.