IRVING, TX-La Quinta Holdings Inc.,headquartered here, said it had confidentially submitted a draftregistration statement on Form S-1 to the SEC for an IPO of commonstock. The move follows the successful public debuts of two otherlodging companies under the umbrella of the Blackstone Group,Hilton Worldwide and Extended Stay America.

Bloomberg reported that La Quinta made the filing under theJumpstart Our Business Startups, or JOBS Act, which allowscompanies with less than $1 billion in revenue to keep applicationsconfidential until shortly before the offering is promoted. LaQuinta said the number of shares of common stock to be sold and theprice range for the proposed offering has not yet beendetermined.

La Quinta operates more than 800 midprice, limited-servicehotels with about 80,000 rooms in the US, Canada and Mexico. ItsIPO is expected to commence after the SEC completes its reviewprocess, subject to market and other conditions.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.