- Market Value ($M)
- Change ($)(0.20)
- Change (%)(1.16)
- Stock Quote ($)
Second Quarter 2015 Earnings Conference Call
Wednesday, July 29, 2015
5:00 PM ET
We are a leading owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. Based on data provided by STR, over the last ten years ended December 31, 2014, La Quinta is the fastest growing of the hotel brands comprising our main STR competitive set in terms of percentage growth of number of hotels in the United States, significantly outpacing the percentage increase in number of hotels by each of such brands.
As of June 30, 2015, our system-wide portfolio consisted of 878 hotels representing over 87,000 rooms located in 47 U.S. states, Canada, Mexico and Honduras, of which 352 hotels were owned and operated and 526 were franchised. We also had a pipeline of 219 franchised hotels as of June 30, 2015, representing approximately 18,600 rooms to be located in the United States, Mexico, Canada, Colombia, Nicaragua and Guatemala.