La Quinta Inn
Encyclopedia
La Quinta Inn is a chain of limited service hotels in the United States
, Canada
and Mexico
. LQ Management LLC, the owner, has its headquarters in the Las Colinas
area of Irving, Texas
, near Dallas.
All properties are owned or franchised by the company's subsidiary La Quinta Properties, Inc., a real estate investment trust
(REIT), which leases the properties back to the parent company. The company owns and operates over 700 properties and franchises approximately 295 under the various brand names.
La Quinta competes in the limited-service, mid-priced hotel segment, along with AmericInn Hotels, Comfort Inn, Baymont Inn & Suites
, Fairfield Inn
, Best Western
, and Hampton Inn
. This means that there is usually no on-site dining on the premises. Most La Quinta Inns are built with Spanish or Southern architecture, although with the rapid expansion of the brand, this is quickly changing; in particular the conversion of a lot of the former Budgetel Inns to La Quinta has diluted the southern roots of the architecture. A free "Bright Side" deluxe continental breakfast bar is offered at the majority of locations, and swimming pools are available at most of them as well.
La Quinta is Spanish for "villa".
La Quinta opened its first hotel in 1968 to host guests of the HemisFair '68
World's Fair, in San Antonio, Texas
. The company's headquarters remained in San Antonio until 1999, when they relocated to Irving, Texas
; a suburb of Dallas.
LQ Corporation, parent company to subsidiary LQ Properties, Inc, announced on 9 November 2005 that it had agreed to be acquired by the private-equity firm Blackstone Group
for $3.4 billion in cash and debt. The merger closed on 25 January 2006.
Each room has a television, iron, hair dryer, coffee maker, and complimentary breakfast, and the hotel has an on-site gym or complimentary passes to a local gym. Most La Quinta Inns are near restaurants and shopping malls.
Today, LQ Management LLC is one of the largest operators of limited-service hotels in North America with over 800 hotels in 45 US states, Canada and Mexico operating under the La Quinta Inns and La Quinta Inns & Suites brands as an international company.
Room types and setting vary by hotel. Corporate owned hotels are standardized, and franchise owned hotels have a little more freedom when it comes to what is offered and room contents.
La Quinta is one of the few chains in the United States to allow pets to accompany travelers without any additional fees or deposits, however, some individual site policies restrict pets from residing in rooms unattended even while crated.
area of Irving, Texas
, near Dallas. Originally La Quinta had its headquarters in San Antonio. In 1999 the company announced it was going to move, transferring over 100 jobs from city to city. The company cited the lack of nonstop flights from San Antonio International Airport
as a reason for moving. The company wished to have its headquarters near Dallas-Fort Worth International Airport
, a large airport. The company kept around 300 employees who worked in accounting, information systems, and reservations in San Antonio.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
and Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
. LQ Management LLC, the owner, has its headquarters in the Las Colinas
Las Colinas
Las Colinas is an upscale, developed area in the Dallas suburb of Irving, Texas.Due to its central location between Dallas and Fort Worth and its proximity to DFW Airport, Las Colinas has been a viable place in the Metroplex for corporate and business relocation.As a planned community, it has many...
area of Irving, Texas
Irving, Texas
Irving is a city located in the U.S. state of Texas within Dallas County. According to the 2010 U.S. Census, the city population was 216,290. Irving is within the Dallas–Plano–Irving metropolitan division of the Dallas–Fort Worth–Arlington metropolitan area, designated...
, near Dallas.
All properties are owned or franchised by the company's subsidiary La Quinta Properties, Inc., a real estate investment trust
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
(REIT), which leases the properties back to the parent company. The company owns and operates over 700 properties and franchises approximately 295 under the various brand names.
La Quinta competes in the limited-service, mid-priced hotel segment, along with AmericInn Hotels, Comfort Inn, Baymont Inn & Suites
Baymont Inn & Suites
Baymont Inn & Suites is a hotel franchise owned by Wyndham Worldwide and based in the United States.The chain began as an idea by the current CEO of Marcus Corporation, Steven Marcus to create a limited-service, discount-priced motel chain. The first property, located in Oshkosh, Wisconsin, opened...
, Fairfield Inn
Fairfield Inn by Marriott
Fairfield Inn by Marriott is a lower cost brand of hotels that are franchised by Marriott International. The intended use is for guests requiring simply a place to sleep with fewer amenities. This allows Marriott to offer lower prices than would otherwise be possible...
, Best Western
Best Western
Best Western International, Inc. is the third largest hotel chain, with over 4,195 hotels in nearly 80 countries. The chain, with its corporate headquarters in Phoenix, Arizona, operates more than 2,000 hotels in North America alone. Best Western has a marketing program involving placement of free...
, and Hampton Inn
Hampton Inn
'Hampton Hotels, Hampton Inn, Hampton Inn & Suites, and Hampton by Hilton are the names of a brand of hotels trademarked by Hilton Worldwide. Most Hampton hotels are independently owned and operated by franchisees, though a few are owned and/or managed by the Hilton Hotels Corporation...
. This means that there is usually no on-site dining on the premises. Most La Quinta Inns are built with Spanish or Southern architecture, although with the rapid expansion of the brand, this is quickly changing; in particular the conversion of a lot of the former Budgetel Inns to La Quinta has diluted the southern roots of the architecture. A free "Bright Side" deluxe continental breakfast bar is offered at the majority of locations, and swimming pools are available at most of them as well.
La Quinta is Spanish for "villa".
History
HemisFair '68
HemisFair '68 was the first officially designated world's fair held in the southwestern United States. San Antonio, Texas hosted the fair from April 6 through October 6, 1968. More than thirty nations hosted pavilions at the fair. The fair was held in conjunction with the 250th anniversary of the...
World's Fair, in San Antonio, Texas
San Antonio, Texas
San Antonio is the seventh-largest city in the United States of America and the second-largest city within the state of Texas, with a population of 1.33 million. Located in the American Southwest and the south–central part of Texas, the city serves as the seat of Bexar County. In 2011,...
. The company's headquarters remained in San Antonio until 1999, when they relocated to Irving, Texas
Irving, Texas
Irving is a city located in the U.S. state of Texas within Dallas County. According to the 2010 U.S. Census, the city population was 216,290. Irving is within the Dallas–Plano–Irving metropolitan division of the Dallas–Fort Worth–Arlington metropolitan area, designated...
; a suburb of Dallas.
LQ Corporation, parent company to subsidiary LQ Properties, Inc, announced on 9 November 2005 that it had agreed to be acquired by the private-equity firm Blackstone Group
Blackstone Group
The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
for $3.4 billion in cash and debt. The merger closed on 25 January 2006.
Each room has a television, iron, hair dryer, coffee maker, and complimentary breakfast, and the hotel has an on-site gym or complimentary passes to a local gym. Most La Quinta Inns are near restaurants and shopping malls.
Today, LQ Management LLC is one of the largest operators of limited-service hotels in North America with over 800 hotels in 45 US states, Canada and Mexico operating under the La Quinta Inns and La Quinta Inns & Suites brands as an international company.
La Quinta is one of the few chains in the United States to allow pets to accompany travelers without any additional fees or deposits, however, some individual site policies restrict pets from residing in rooms unattended even while crated.
Headquarters
LQ Management LLC, the owner, has its headquarters in the Las ColinasLas Colinas
Las Colinas is an upscale, developed area in the Dallas suburb of Irving, Texas.Due to its central location between Dallas and Fort Worth and its proximity to DFW Airport, Las Colinas has been a viable place in the Metroplex for corporate and business relocation.As a planned community, it has many...
area of Irving, Texas
Irving, Texas
Irving is a city located in the U.S. state of Texas within Dallas County. According to the 2010 U.S. Census, the city population was 216,290. Irving is within the Dallas–Plano–Irving metropolitan division of the Dallas–Fort Worth–Arlington metropolitan area, designated...
, near Dallas. Originally La Quinta had its headquarters in San Antonio. In 1999 the company announced it was going to move, transferring over 100 jobs from city to city. The company cited the lack of nonstop flights from San Antonio International Airport
San Antonio International Airport
San Antonio International Airport is a commercial airport in San Antonio, Texas, USA. The airport has three runways and covers . Its elevation is above sea level. SAT is a Class C airport.- Overview :...
as a reason for moving. The company wished to have its headquarters near Dallas-Fort Worth International Airport
Dallas-Fort Worth International Airport
Dallas/Fort Worth International Airport is located between the cities of Dallas and Fort Worth, Texas, and is the busiest airport in the U.S. state of Texas...
, a large airport. The company kept around 300 employees who worked in accounting, information systems, and reservations in San Antonio.