Blackstone's La Quinta files for a US IPO that could raise upwards of $200 million

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La Quinta Inns & Suites, one of the largest budget hotel operators in the US with more than 830 locations, filed on Monday with the SEC to raise $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate the company could raise at least $200 to $300 million. The Irving, TX-based company, which was founded in 1968 and booked $861 million in sales for the 12 months ended September 30, 2013, has yet to announce an exchange or a ticker. La Quinta initially filed confidentially on December 23, 2013. J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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