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La Quinta Releases Amended IPO Details

La Quinta Releases Amended IPO Details

It looks like La Quinta is heading back to the New York Stock Exchange, according to this tidbit from Nasdaq.com.

The budget hotel operator, owned by Blackstone, announced that it has increased its proposed offering to $650 million in an amendment filed with the SEC on Wednesday.

The Texas-based company, which was founded in 1968, plans to list under the symbol LQ. La Quinta is one of the largest hotel operators in the U.S. with over 830 hotels. The company confidentially filed for its IPO on Dec. 23, 2013.

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