La Quinta Holdings (LQ) Tops Q2 EPS by 2c

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La Quinta Holdings Inc. Reports Second Quarter 2017 Results

August 7, 2017 4:15 PM EDT

IRVING, Texas, Aug. 07, 2017 (GLOBE NEWSWIRE) -- La Quinta Holdings Inc. (La Quinta or the Company) (NYSE: LQ) today reported results for the quarter ended June 30, 2017.

Second Quarter 2017 Highlights

Grew system-wide comparable RevPAR 1.9 percent and increased franchise and other fee-based revenue 7.9 percent; Excluding the impact of the owned hotels undergoing significant renovation as part of the repositioning effort, RevPAR grew 3 percentIncreased RevPAR Index by 285 bps, the fourth consecutive quarter of accelerating market share growthOpened five franchised hotels, totaling approximately 450 rooms, including downtown locations in Memphis,... More