Blackstone leans towards IPO for La Quinta

Not blown away by the private bids coming in for La Quinta Inns & Suites, Blackstone (BX +2.2%) is leaning towards an IPO of the hotel chain, reports Bloomberg. Also a factor is the blistering IPO market in general, particularly, the 20% gain in Extended Stay America (STAY) since coming public two weeks ago.

Sources say an IPO filing could come before the end of the year.

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Comments (1)
  • gmwells
    , contributor
    Comments (5) | Send Message
    Smart! Timing couldn't be better in my opinion.
    25 Nov 2013, 03:26 PM Reply Like
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