LA QUINTA HOLDINGS INC. (NYSE:LQ) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On July 26, 2017, La Quinta Holdings Inc. (the “Company”) issued a press release announcing that a Form 10 Registration Statement was filed with the U.S. Securities and Exchange Commission (“SEC”) with respect to the previously announced planned separation of its real estate business, which is to be named CorePoint Lodging Inc. (“CorePoint Lodging”), from its franchise and management businesses, creating two distinct, publicly traded companies. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 7.01.
In addition, on July 26, 2017, the Company published new written investor presentation materials in the Investor Relations section of its website at ir.lq.com containing information relating to the Company and CorePoint Lodging.
The information in this Current Report on Form 8-K and Exhibit 99.1 is being furnished to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits
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Exhibit No. |
Description |
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99.1 |
Press Release of La Quinta Holdings, Inc., dated July 26, 2017 |
La Quinta Holdings Inc. ExhibitEX-99.1 2 lq-ex991_6.htm EX-99.1 lq-ex991_6.htm Exhibit 99.1 FOR IMMEDIATE RELEASE FORM 10 REGISTRATION STATEMENT FILED FOR THE PLANNED SPIN-OFF OF LA QUINTA’S REAL ESTATE BUSINESS IRVING,…To view the full exhibit click here
About LA QUINTA HOLDINGS INC. (NYSE:LQ)
La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States. The Company operates its franchise and management segment under various franchise and management agreements relating to its owned, franchised and managed hotels. The corporate and other segment includes revenues generated by and related to operating expenses incurred in connection with the overall support and brand management of the Company’s owned, managed and franchised hotels and operations. Its portfolio includes approximately 890 hotels representing approximately 87,500 rooms located predominantly across over 48 the United States’ states, as well as in Canada, Mexico and Honduras. LA QUINTA HOLDINGS INC. (NYSE:LQ) Recent Trading Information
LA QUINTA HOLDINGS INC. (NYSE:LQ) closed its last trading session down -0.08 at 14.46 with 593,111 shares trading hands.