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Last $22.89 USD
Change Today -0.37 / -1.59%
Volume 905.0K
LQ On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

la quinta holdings inc (LQ) Snapshot

Open
$23.39
Previous Close
$23.26
Day High
$23.39
Day Low
$22.76
52 Week High
05/28/15 - $24.94
52 Week Low
10/15/14 - $17.66
Market Cap
3.0B
Average Volume 10 Days
1.5M
EPS TTM
$-2.55
Shares Outstanding
130.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LA QUINTA HOLDINGS INC (LQ)

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la quinta holdings inc (LQ) Details

La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had approximately 870 hotels with approximately 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, as well as in Canada, Mexico, and Honduras. The company was founded in 1968 and is headquartered in Irving, Texas.

6,557 Employees
Last Reported Date: 02/25/15
Founded in 1968

la quinta holdings inc (LQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $675.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $414.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $398.3K
Chief Development Officer and Executive Vice ...
Total Annual Compensation: $417.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $329.3K
Compensation as of Fiscal Year 2014.

la quinta holdings inc (LQ) Key Developments

La Quinta Holdings Inc. Announces Board Changes

La Quinta Holdings Inc. announced the appointment of Scott Bergren, effective June 9, 2015, to its Board of Directors. Mr. Bergren is assuming the board seat of Michael B. Nash, initially selected by affiliates of The Blackstone Group L.P., who has resigned. Mr. Bergren, 68, served as Chief Executive Officer (CEO) of both Pizza Hut (Global) and Yum! Innovation until his retirement in December 2014. Prior to becoming CEO at Pizza Hut (Global) at the end of 2013, Mr. Bergren served as CEO of Pizza Hut (U.S.) since 2011. He also had served as CEO of Yum! Innovation since 2011. Mr. Bergren has held many roles across Yum! Brands Inc. since 2002, including, President and Chief Concept Officer of Pizza Hut Inc., Chief Marketing & Food Innovation Officer for Kentucky Fried Chicken and Yum! Brands in Louisville and Chief Concept Officer of Yum! Restaurants International in Dallas.

La Quinta Opens in Chile

La Quinta's expansion strategy in Latin America, with a franchise agreement for an LQ Hotel by La Quinta with the Chilean company Inmobiliaria e Inversiones Profit Summit Limitada.  The hotel, which will feature 100 rooms, spacious lobby, fitness center, indoor pool, meeting space and a business center, will open its doors in 2017 in the Pudahuel area, close to Santiago's international airport.  With over 47 years of experience and more than 870 La Quinta Inn & Suites and La Quinta Inn hotels located in the U.S., Canada and Mexico, and with LQ Hotel locations open or in the pipeline in Honduras, Colombia, Guatemala and Nicaragua, La Quinta is extremely pleased and excited about the introduction of the La Quinta brand in Chile.

La Quinta Holdings Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for the Fiscal 2015; Expects Cash Effective Tax Rate for Fiscal 2016; Expects to Open Between 50 and 55 New Franchise Locations in 2015

La Quinta Holdings Inc. announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues were $248.11 million against $217.31 million a year ago. Operating income was $32.9 million against $34.74 million a year ago. Income from continuing operations before income taxes was $10.65 million against loss of $2.27 million a year ago. Net income attributable to the company from continuing operations, net of tax was $6.14 million against loss of $6.84 million a year ago. Net income attributable to the company was $6.14 million or $0.05 per share against loss of $7.34 million or $0.06 per share a year ago. Proforma operating income was $37.97 million against $38.36 million a year ago. Proforma income from continuing operations before income taxes was $15.71 million against $13.47 million a year ago. Proforma net income attributable to the company from continuing operations, net of tax was $9.26 million against $7.93 million a year ago. Proforma net income attributable to the company was $9.26 million against $7.93 million a year ago. EBITDA was $25.75 million against $13.26 million a year ago. Proforma EBITDA was $25.75 million against $23.32 million a year ago. Proforma total adjusted EBITDA was $90.004 million against $80.59 million a year ago. Total adjusted EBITDA was $90.004 million against $75.45 million a year ago. The increase was due to revenue growth combined with achieving direct lodging operating leverage. Proforma adjusted net income attributable to the company was $9.81 million or $0.08 per share against $7.93 million or $0.07 per share a year ago. CapEx for the quarter was about $21 million. Based upon management's current estimates, the company is updating its guidance for full year 2015 and is expecting: adjusted EBITDA of $402 million to $410 million compared to $398 million to $410 million of prior guidance. Interest expense of approximately $87 million. For full year 2015, the company now anticipates RevPAR on a systemwide comparable basis to increase between 6% and 7% as compared to 2014. The company continues to believe that total CapEx for the business will be somewhere between 8.5% and 9% of owned room revenue. For 2016, the cash effective tax rate should be around 30%. The company expects to open between 50 and 55 new franchise locations in 2015.

 

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LQ Competitors

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Company Last Change
Choice Hotels International Inc $55.12 USD -0.28
Hyatt Hotels Corp $57.83 USD +0.52
InterContinental Hotels Group PLC 2,584 GBp -13.00
Marriott International Inc/MD $74.80 USD -0.19
Starwood Hotels & Resorts Worldwide Inc $82.27 USD +0.27
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Industry Analysis

LQ

Industry Average

Valuation LQ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.0x
Price/Book 3.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x
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