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| Thursday, July 27, 2017
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La Quinta Moves Forward With Real Estate Spinoff IRVING, TX—La Quinta Holdings Inc. has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) to pursue a separation of its real estate business—to be named CorePoint Lodging Inc.—from its franchise and management businesses to create two distinct, publicly traded companies. “The filing of CorePoint Lodging’s Form 10 is an important next step as we execute against our key strategic initiatives and drive value for our stakeholders,” said Keith Cline, La Quinta Holdings Inc.’s president and CEO. “We believe this separation will result in greater strategic clarity, with distinct management teams that can fully activate and run the respective businesses. In addition, we expect this will allow us to unlock growth opportunities that are embedded within each business and take advantage of capital market and tax efficiencies. We look forward to completing this spin transaction, realizing... Read Full Story | |
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ATTENTION OWNERS & DEVELOPERSThe Owners & Developers listing will appear in the September 7th issue of Hotel Business. To be listed, you must complete this survey. |
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