La Quinta Corp. (LQI) Message Board

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Strategies & Market Trends : La Quinta Corp. (LQI)

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From: JakeStraw	5/25/2005 1:20:41 PM
	of 18

LaQuinta to Offer 19.4M Shares for $165M biz.yahoo.com Wednesday May 25, 1:11 pm ET LaQuinta Plans to Raise Capital by Offering 19.4 Million Shares of Common Stock for $165 Million DALLAS (AP) -- Hotel chain operator LaQuinta Corp. on Wednesday said it plans to raise capital by offering 19.4 million shares of common stock for $165 million. The company said proceeds will be used for acquisitions of property and lodging companies and brands, and hotel development, debt reduction or stock buybacks. Investment bank Lehman Brothers Inc. will underwrite the sale. LaQuinta operates or franchises about 590 limited-service hotels in 39 states and Canada.

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