Rooms Hotels

Additional Hotels May Follow La Quinta’s Lead With Confidential IPO Filings

Excerpt from HotelNewsNow

Feb 05, 2014 11:30 am

Skift Take

Confidential registration statements for IPOs, while legal in many circumstances, seem to go against the grain of going public to begin with. Hotel chains filing IPO statements will be able to avoid scrutiny for awhile, but once they go public there will be no more such hiding.

— Dennis Schaal

Free Report: The Future of Personalized Marketing in Travel

La Quinta Chicago Downtown

Some analysts believe that additional hotels will file confidential IPO papers in a bid to what they view as unnecessary scrutiny. Pictured is the La Quinta Chicago Downtown. La Quinta Chicago Downtown


Blackstone Group-owned La Quinta Holdings in December announced it confidentially submitted a draft registration statement to the SEC related to a proposed IPO. The number of shares of common stock to be sold and a possible price range has not been determined. La Quinta did not reply to a request for comment prior to deadline.

Morningstar analyst James Krapfel said the JOBS Act confidential IPO provision might cover as many as 85% of the companies that choose to take themselves public, meaning there is potential to see more companies inside the hotel industry do a confidential filing.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

How Travel Brands Can Use Geo-Fencing and Wearables to Personalize a Trip
Poll: The Travel Companies With the Highest Brand Equity
Lufthansa Partners With German Online Food Retailer to Deliver Airline Food On The Ground
3 Ways Hotels Can Effectively Use Targeted Guest Marketing