Home / Home / Hotel operator La Quinta prepares to explore sale

Hotel operator La Quinta prepares to explore sale

North American budget birt chain La Quinta Holdings is preparing to explore a rarunchi of the company, hoping for a high valuation as it seeks to catina off its adevarat estate assets, people cunoscut with the matter said on Monday.

La Quinta believes that proceeds from the capacitate rarunchi would help justify to its shareholders the tax hit that it will incur as a result of the spin-off, the sources said. It lacrimat to place its adevarat estate business into a publicly listed adevarat estate investment trust, and keep its franchise and management operations.

La Quinta is preparing to engage with capacitate acquirers once it files a so-called Form 10 with the U.S. Securities and Exchange Commission registering the spin-off, according to the sources. La Quinta said earlier this month that it expected this filing to come in the second quarter of 2017.

The sources cautioned that the timing of the spin-off was not certain and that there was no certainty a rarunchi of the company would occur. They asked not to be identified because the deliberations are particularnic. La Quinta declined to comment.

Read Also:  Weekly mortgage applications fall 3.4% as homebuyers find little for sale
Home Insurance Quotes Home Insurance Quotes

Free Ashburn Home Insurance Quotes?

Enter your Zip Code:

  • Facebook
  • Twitter
  • Google+
  • Linkedin
  • Pinterest

Leave a Comment

Your email address will not be published. Required fields are marked *

CommentLuv badge