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On the Record · La Quinta

La Quinta acquisitions, on the record

The businesses La Quinta bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
24 owned hotels (definitive purchase and sale agreement; 11 sold in Q4 2015, remaining 13 expected to close by end of Q1 2016)
Word for word“In 2015, we conducted a review of our portfolio of owned hotels and subsequently entered into a definitive purchase agreement for 24 of our owned hotels, 11 of which were sold in the fourth quarter of 2015.” 10-K for 2015
agreed divestiture——
11 hotels sold in the fourth quarter of 2015
Word for word“During the fourth quarter of 2015, 11 of the hotels were sold for $34.1 million, net of transaction costs.” 10-K for 2015
divestiturefourth quarter of 2015$34.1 million, net of transaction costs
one owned hotel
Word for word“During the second quarter of 2015, we sold one of our owned hotels for $3.0 million, net of transaction costs.” 10-K for 2015
divestituresecond quarter of 2015$3.0 million, net of transaction costs
BRE/Prime Mezz L.L.C. and BRE/Wellesley Properties L.L.C. (the Previously Managed Hotels)
Word for word“On April 14, 2014, we acquired BRE/Prime Mezz L.L.C. and BRE/Wellesley Properties L.L.C., which owned the Previously Managed Hotels, for a total purchase price of $161.7 million.” 10-K for 2015
acquisitionApril 14, 2014total purchase price of $161.7 million
LQ Management L.L.C. (LQM)
Word for word“Effective April 14, 2014, we acquired 100% of the ownership interests of LQ Management L.L.C. (“LQM”) for $0.8 million in cash.” 10-K for 2015
acquisitionApril 14, 2014$0.8 million in cash
Previously Managed Hotels (BRE/Prime Mezz L.L.C. and BRE/Wellesley Properties L.L.C.)
Word for word“On April 14, 2014, we acquired BRE/Prime Mezz L.L.C. and BRE/Wellesley Properties L.L.C., which owned the Previously Managed Hotels, for a total purchase price of $161.7 million.” 10-K for 2016
acquisitionOn April 14, 2014total purchase price of $161.7 million
Owned hotels (19 hotels sold during 2016)
Word for word“During 2016, we sold 19 hotels.” 10-K for 2016
divestitureDuring 2016—
hotel franchise and hotel management business
Word for word“On January 17, 2018, La Quinta Holdings Inc. and Wyndham Worldwide entered into a definitive agreement under which Wyndham Worldwide will acquire our hotel franchise and hotel management business for $1.95 billion in cash.” 10-K for 2017
agreed divestitureOn January 17, 2018$1.95 billion in cash
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0

Deal filings since 2016

Read from La Quinta’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-03-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.