The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed May 9, 2018. Its latest SEC filing is a SC 13G/A from Feb 6, 2019.
10-Q for Q1 FY2018, filed May 9, 2018
The sections below describe the company as of the FY2017 annual report.
Runs select-service hotels for business and leisure travelers, and franchises the La Quinta brand and related hotel services to hotel owners.
10-K for FY2017, filed Mar 1, 2018We own, operate and franchise all of our hotels under the La Quinta Inn, La Quinta Inn & Suites and LQ Hotel trademarks. As of December 31…View ↗
Our franchising operationsView ↗
We believe that hotel owners and operators choose to become a franchisee of a lodging brand based primarily on the perceived value and…View ↗
Guests pay for rooms at owned hotels after their stay. Hotel franchisees pay an initial fee when they sign, with some remaining fees due when a property opens, then pay monthly royalties and other fees tied to room revenue or room count.
10-K for FY2017, filed Mar 1, 2018Room revenues are derived from room rentals at our owned hotels. We recognize room revenue on a daily basis based on an agreed-upon daily…View ↗
Upon execution of a franchise agreement, a franchisee is required to pay us an initial fee. We recognize the initial fee as revenue when…View ↗
For franchise agreements entered into prior to April 1, 2013, we collect a monthly royalty fee from franchisees generally equal to 4.0% of…View ↗
We receive reservation and technology fees, as well as fees related to Returns, in connection with franchising our La Quinta brand. Such…View ↗
$980.6M
10-K for FY2017, filed Feb 28, 2018
$980.6M ↗
Guests book through hotel properties, La Quinta's call center and website or app, and third-party travel websites and agents; hotel owners sign franchise agreements with La Quinta.
10-K for FY2017, filed Mar 1, 2018Property direct and call center. Property direct reservations are made by guests calling the property directly or “walking in” to the…View ↗
LQ internet & mobile (LQ.com). We provide guests with the ability to shop and reserve rooms on the Internet through our brand website…View ↗
Online travel agency and global distribution systems. In addition to our proprietary brand website, we distribute our lodging product via…View ↗
Our franchising activities include franchising both newly constructed hotels and existing hotels converted to meet our brand standards. La…View ↗
Yes. It kept 15 cents of every revenue dollar as net income in FY2017.
10-K for FY2017, filed Feb 28, 2018
10-Q for Q1 FY2018, filed May 8, 2018
−$15.1MView ↗
8-K, filed May 31, 2018
Immediately following the Distribution, on May 30, 2018, pursuant to the terms of the Merger Agreement, Merger Sub was merged with and into…View ↗
Grew. Revenue grew 12% in 4 years, from $873.9M in FY2013 to $980.6M in FY2017, about 3% a year.
Mexico hotel branding
Mexico franchise hotels shifted to the LQ Hotel name: the older report described La Quinta Inn & Suites as the franchise brand in Mexico and LQ Hotel as a mark being added in Central and South America; the newer report says all Mexico locations were converted to LQ Hotel.
10-K for FY2014, filed Feb 25, 2015 10-K for FY2017, filed Mar 1, 2018Current designs for new La Quinta hotels are typically three or more story structures and approximately 50,600 square feet with…View ↗
During the second quarter of 2016, we converted all Mexico locations to the “LQ Hotel” trademark as the primary hotel identifier, with the…View ↗
Competes with Comfort, Holiday Inn Express, and Hampton
10-K for FY2017, filed Mar 1, 2018La Quinta is a select-service hotel brand that competes primarily against other select-service hotels in both the upper-midscale and the…View ↗
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