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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Nov. 23, 2:07 AM

Slide #16. La Quinta Holdings Inc. Secondary Offering

Company: La Quinta Holdings Inc. (NYSE:LQ)
Date announced: 11/17/2014
Shares Offered: 20,000,000
Date of Pricing: 11/19/2014
Price Per Share: $20.00
Secondary Offering Details: La Quinta Holdings Inc. ("La Quinta" or the "Company") announced today that certain selling stockholders affiliated with The Blackstone Group L.P. have commenced a secondary offering of 20,000,000 shares of La Quinta common stock. The underwriters will have a 30-day option to purchase up to an additional 3,000,000 shares of common stock from the selling stockholders. - updated 9/20 - La Quinta Holdings Inc. ("La Quinta" or the "Company") announced today the pricing of a secondary offering of 20,000,000 shares of La Quinta common stock by certain selling stockholders affiliated with The Blackstone Group L.P. at a price to the public of $20.00 per share. The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares of common stock from the selling stockholders. The offering is expected to close on November 25, 2014, subject to customary closing conditions.

La Quinta Holdings is a holding company. Co. is an owner, operator and franchisor of select-service hotels serving the midscale and upper-midscale segments under the La Quinta brand. Its hotels include common areas with amenities such as a great room, swimming pool and vending areas and offer a complimentary breakfast. As of Dec 31, 2013, Co.'s system-wide portfolio consists of 834 hotels representing approximately 84,000 rooms located across 46 U.S. states, as well as in Canada and Mexico, of which 357 hotels were owned and operated and 477 were franchised or managed. Co. also has a pipeline of 187 franchised hotels in the United States, Mexico, Canada, Colombia and Honduras.
Open the LQ Page at The Online Investor »

Company Name:  La Quinta Holdings Inc
Website:  www.lq.com
Sector:  Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding LQ:  21
Total Market Value Held by ETFs:  $34.41M
Total Market Capitalization:  $2.63B
% of Market Cap. Held by ETFs:  1.31%
 

Open the LQ Page at The Online Investor (in a new window) »

November 23, 2014    2:07 AM Eastern
Quotes delayed 20 minutes



Strong Buy (3.50 out of 4)
71st percentile
(ranked higher than approx. 71% of all stocks covered)
Based on Zacks ABR data;
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