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Blackstone To Spin-Off La Quinta’s Hotels into a New REIT

CorePoint Will Control 316 Hotels; La Quinta Will Continue To Manage the Brand

La Quinta Holdings Inc. (NYSE:LQ) has officially filed with the U.S. Securities and Exchange Commission to proceed with its previously announced plans to separate its real estate business into a new REIT to be named CorePoint Lodging Inc. The move will create two distinct, publicly traded companies.

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News | Blackstone To Spin-Off La Quinta’s Hotels into a New REIT