IRVING, Texas -- The La Quinta Corp., which operates La Quinta
hotels, announced plans to purchase the Marcus Corp.'s
limited-service lodging division, which includes Baymont Inns &
Suites, Woodfield Suites and Budgetel, for an undisclosed amount.
La Quinta said the "natural synergies" it shares with the Marcus
Corp., including their commitment to quality and guest
satisfaction, will ultimately benefit the guests that choose La
Quinta and Baymont for their lodging accommodations.
This acquisition will enable the La Quinta brand to expand into
new markets, resulting in increased distribution, according to the
company. Following the close of the transaction, La Quinta will
own, operate or franchise more than 550 hotels nationwide
representing more than 62,000 rooms.
To contact reporter Michael Milligan, send e-mail to [email protected].