Blackstone Goes to the Well Again As La Quinta Confidentially Files IPO Documents
Skift Take
Not only did La Quinta file its draft IPO registration statement confidentially with the SEC, the limited service chain issued a press release about it after market hours, a day before Christmas Eve. After the success of the Extended Stay America and Hilton IPOs, Blackstone wants another Christmas present, although Santa wouldn't be arriving this time with another IPO gift until well into 2014.
Fresh off its $565 million IPO of Extended Stay America in November and the record $2.35 billion Hilton IPO earlier this month, Blackstone signaled its intent to take its La Quinta Holdings unit public as the limited service chain confidentially submitted a draft IPO registration statement to the Securities and Exchange Commission.
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