[SIMPSON THACHER & BARTLETT LLP LETTERHEAD]
December 6, 2017
VIA COURIER AND EDGAR
Re: | CorePoint Lodging Inc. |
Registration Statement on Form 10 |
File No. 001-38168 |
Coy Garrison, Esq.
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Dear Mr. Garrison:
On behalf of CorePoint Lodging Inc. (“CorePoint Lodging”), we are providing the following response to the comment of the Staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”) set forth in your letter, dated November 21, 2017, regarding our letter, dated November 8, 2017, and the supplementary information provided to you therein. To assist your review, we have retyped the text of the Staff’s comment in italics below. The responses and information described below are based upon information provided to us by CorePoint Lodging. Capitalized terms used herein that are not otherwise defined shall have the meanings assigned to such terms in Pre-Effective Amendment No. 1 to the above-referenced Registration Statement on Form 10 (the “Registration Statement”).
Supplemental Property Information
1. | We note your proposed disclosure of your detailed unaudited property table. With respect to footnote (1) to the table, please separately quantify for us the amount of the net book value of assets specific to the franchising and management businesses as well as the assets not yet assigned to a specific property. Please confirm that you will disclose such information at the time that you include the table in a future amendment. Additionally, please clarify for us why there are assets that have not yet been assigned to a specific property. |
CorePoint Lodging respectfully acknowledges the Staff’s comment. The initial draft unaudited property table was designed to only include the investments in real estate placed in service at the reporting date that will carry over to the CorePoint Lodging, after giving effect to the spin-off. As a result, the initial draft unaudited property table contemplated excluding assets not yet placed in service (construction in progress) and the assets associated with the franchise and management business. CorePoint Lodging
SECURITIES AND EXCHANGE COMMISSION | 2 | December 6, 2017 |
respectfully advises the Staff that it has revised its draft unaudited property table, which is attached hereto as Annex A, to include the construction in progress figures at a property level and to provide a reconciliation of the net book value of property, plant and equipment, net of accumulated depreciation. This reconciliation includes an adjustment for the net book value of the assets specific to the franchising and management business. CorePoint Lodging expects to populate the unaudited property table (including the reconciliation) and include it in an amendment to the Registration Statement that is updated to include financial information for the year ending December 31, 2017.
* * * * *
SECURITIES AND EXCHANGE COMMISSION | 3 | December 6, 2017 |
Please do not hesitate to call me at 212-455-7614 with any questions or further comments you may have regarding this submission or if you wish to discuss the above response or proposed disclosure.
Very truly yours, |
/s/ Edgar J. Lewandowski |
Edgar J. Lewandowski |
cc: | Securities and Exchange Commission |
Howard Efron
Jennifer Monick
Rahul Patel, Esq.
La Quinta Holdings Inc. |
James H. Forson
Mark M. Chloupek, Esq.
Annex A
Supplemental Disclosure
Supplemental Property Information
The following table sets forth certain supplemental information regarding our properties as of December 31, 2017.
Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
El Paso | La Quinta Inn | TX | 1988 | Dec-88 | 117 | |||||||||
Charlotte | La Quinta Inn and Suites | NC | 1998 | Dec-98 | 131 | |||||||||
Atlanta | La Quinta Inn and Suites | GA | 1998 | Oct-98 | 142 | |||||||||
Oakland | La Quinta Inn and Suites | CA | 1999 | Mar-99 | 148 | |||||||||
Ontario | La Quinta Inn and Suites | CA | 1998 | Oct-98 | 144 | |||||||||
Orlando | La Quinta Inn and Suites | FL | 1998 | Aug-98 | 148 | |||||||||
Greenville | La Quinta Inn and Suites | SC | 1999 | Apr-99 | 125 | |||||||||
Las Vegas | La Quinta Inn and Suites | NV | 1999 | Jan-99 | 128 | |||||||||
Atlanta | La Quinta Inn and Suites | GA | 1997 | Dec-97 | 140 | |||||||||
Memphis | La Quinta Inn and Suites | TN | 1998 | Dec-98 | 131 | |||||||||
Austin | La Quinta Inn and Suites | TX | 1997 | Dec-97 | 128 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1999 | Apr-99 | 132 | |||||||||
Oklahoma City | La Quinta Inn and Suites | OK | 1999 | Feb-99 | 119 | |||||||||
Orlando | La Quinta Inn and Suites | FL | 1999 | Apr-99 | 130 | |||||||||
Winston-Salem | La Quinta Inn and Suites | NC | 1999 | Jun-99 | 131 | |||||||||
Orlando | La Quinta Inn and Suites | FL | 1999 | Aug-99 | 184 | |||||||||
Raleigh/Durham | La Quinta Inn and Suites | NC | 1999 | Mar-99 | 130 | |||||||||
Raleigh/Durham | La Quinta Inn and Suites | NC | 1999 | Jun-99 | 141 | |||||||||
Austin | La Quinta Inn and Suites | TX | 1999 | Apr-99 | 142 | |||||||||
Greensboro | La Quinta Inn and Suites | NC | 1999 | Jun-99 | 131 | |||||||||
Lafayette (LA) | La Quinta Inn | LA | 1969 | Feb-69 | 140 | |||||||||
El Paso | La Quinta Inn | TX | 1980 | Nov-80 | 137 | |||||||||
Odessa | La Quinta Inn | TX | 1981 | Jan-81 | 122 | |||||||||
Amarillo | La Quinta Inn | TX | 1983 | Jan-83 | 129 | |||||||||
Midland | La Quinta Inn | TX | 1983 | May-83 | 146 | |||||||||
Tyler | La Quinta Inn | TX | 1983 | Sep-83 | 129 | |||||||||
Farmington | La Quinta Inn | NM | 1983 | Dec-83 | 107 | |||||||||
Corpus Christi | La Quinta Inn | TX | 1983 | May-83 | 129 | |||||||||
Austin | La Quinta Inn | TX | 1983 | May-83 | 131 | |||||||||
San Antonio | La Quinta Inn and Suites | TX | 2005 | Jan-05 | 348 | |||||||||
Laredo | La Quinta Inn | TX | 1969 | Jul-69 | 153 | |||||||||
El Paso | La Quinta Inn | TX | 1969 | Jun-69 | 121 | |||||||||
New Orleans | La Quinta Inn | LA | 1970 | Jan-70 | 101 | |||||||||
San Antonio | La Quinta Inn | TX | 1970 | Mar-70 | 122 | |||||||||
Waco (3) | La Quinta Inn | TX | 1971 | Sep-71 | 0 | |||||||||
Dallas/Ft Worth | La Quinta Inn | TX | 1971 | Oct-71 | 101 |
Page 1 of 8
Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Wichita Falls | La Quinta Inn | TX | 1973 | Jun-73 | 139 | |||||||||
Denver | La Quinta Inn | CO | 1974 | Jun-74 | 130 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 2002 | Mar-02 | 168 | |||||||||
Lubbock | La Quinta Inn | TX | 1976 | Mar-76 | 137 | |||||||||
Austin | La Quinta Inn | TX | 1975 | Mar-75 | 132 | |||||||||
San Antonio | La Quinta Inn | TX | 1975 | Aug-75 | 177 | |||||||||
Killeen | La Quinta Inn | TX | 1976 | May-76 | 105 | |||||||||
Clute/Lake Jackson | La Quinta Inn | TX | 1977 | Jun-77 | 136 | |||||||||
Austin | La Quinta Inn | TX | 1977 | Jun-77 | 122 | |||||||||
Indianapolis | La Quinta Inn | IN | 1980 | Mar-80 | 121 | |||||||||
Tallahassee | La Quinta Inn | FL | 1979 | Dec-79 | 154 | |||||||||
College Station | La Quinta Inn | TX | 1980 | Jan-80 | 176 | |||||||||
Orange County | La Quinta Inn | CA | 1980 | Jun-80 | 160 | |||||||||
Abilene | La Quinta Inn | TX | 1979 | Dec-79 | 106 | |||||||||
Reno | La Quinta Inn | NV | 1981 | Mar-81 | 130 | |||||||||
Columbus (GA) | La Quinta Inn | GA | 1980 | Jan-80 | 123 | |||||||||
Columbus (OH) | La Quinta Inn | OH | 1980 | May-80 | 122 | |||||||||
Champaign | La Quinta Inn | IL | 1982 | Feb-82 | 122 | |||||||||
San Antonio | La Quinta Inn | TX | 1981 | Oct-81 | 130 | |||||||||
Denver | La Quinta Inn | CO | 1982 | Jul-82 | 122 | |||||||||
Nashville | La Quinta Inn | TN | 1982 | May-82 | 130 | |||||||||
Lexington | La Quinta Inn | KY | 1982 | Apr-82 | 129 | |||||||||
Tuscaloosa | La Quinta Inn | AL | 1982 | May-82 | 122 | |||||||||
Savannah | La Quinta Inn | GA | 1982 | Sep-82 | 154 | |||||||||
Phoenix | La Quinta Inn | AZ | 1982 | Dec-82 | 128 | |||||||||
San Antonio | La Quinta Inn | TX | 1982 | Oct-82 | 125 | |||||||||
Bossier City | La Quinta Inn | LA | 1982 | Nov-82 | 130 | |||||||||
Eagle Pass | La Quinta Inn | TX | 1982 | Dec-82 | 131 | |||||||||
Baton Rouge | La Quinta Inn | LA | 1984 | Feb-84 | 142 | |||||||||
Victoria | La Quinta Inn | TX | 1984 | Feb-84 | 130 | |||||||||
New Orleans | La Quinta Inn | LA | 1984 | Jul-84 | 154 | |||||||||
New Orleans (2) | La Quinta Inn | LA | 1984 | Aug-84 | 153 | |||||||||
Lufkin | La Quinta Inn | TX | 1984 | Jan-84 | 105 | |||||||||
Temple | La Quinta Inn | TX | 1984 | Apr-84 | 106 | |||||||||
Norfolk | La Quinta Inn | VA | 1984 | Jul-84 | 129 | |||||||||
Chicago | La Quinta Inn | IL | 1984 | Aug-84 | 150 | |||||||||
San Antonio | La Quinta Inn | TX | 1984 | Jun-84 | 193 | |||||||||
Augusta | La Quinta Inn | GA | 1985 | Apr-85 | 130 | |||||||||
El Paso | La Quinta Inn | TX | 1984 | Nov-84 | 130 | |||||||||
Tampa/St Petersburg | La Quinta Inn | FL | 1978 | Jun-78 | 121 | |||||||||
Pensacola | La Quinta Inn | FL | 1985 | Feb-85 | 130 | |||||||||
Houston | La Quinta Inn | TX | 1985 | May-85 | 112 | |||||||||
Stockton | La Quinta Inn | CA | 1984 | Oct-84 | 151 |
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Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Pittsburgh | La Quinta Inn | PA | 1985 | Dec-85 | 129 | |||||||||
Albuquerque | La Quinta Inn | NM | 1983 | Aug-83 | 130 | |||||||||
Colorado Springs | La Quinta Inn | CO | 1985 | Nov-85 | 105 | |||||||||
Sacramento | La Quinta Inn | CA | 1985 | May-85 | 129 | |||||||||
Denver | La Quinta Inn | CO | 1985 | Aug-85 | 129 | |||||||||
Tampa/St Petersburg | La Quinta Inn | FL | 1986 | Aug-86 | 115 | |||||||||
Amarillo | La Quinta Inn | TX | 1986 | Feb-86 | 128 | |||||||||
San Antonio | La Quinta Inn | TX | 1986 | Apr-86 | 137 | |||||||||
Orlando | La Quinta Inn | FL | 1987 | May-87 | 128 | |||||||||
San Diego | La Quinta Inn | CA | 1987 | Jan-87 | 105 | |||||||||
Denver | La Quinta Inn | CO | 1986 | May-86 | 131 | |||||||||
Bakersfield | La Quinta Inn | CA | 1986 | May-86 | 128 | |||||||||
San Diego | La Quinta Inn | CA | 1986 | Dec-86 | 142 | |||||||||
Houston | La Quinta Inn | TX | 1986 | May-86 | 129 | |||||||||
Fresno | La Quinta Inn | CA | 1986 | Apr-86 | 129 | |||||||||
Denver | La Quinta Inn | CO | 1986 | Jul-86 | 130 | |||||||||
Ventura | La Quinta Inn | CA | 1988 | Aug-88 | 142 | |||||||||
San Diego | La Quinta Inn | CA | 1987 | Apr-87 | 120 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn | FL | 1986 | Oct-86 | 128 | |||||||||
San Francisco | La Quinta Inn | CA | 1987 | Oct-87 | 171 | |||||||||
Santa Fe | La Quinta Inn | NM | 1986 | Nov-86 | 131 | |||||||||
Orange County | La Quinta Inn and Suites | CA | 1986 | Dec-86 | 148 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn | FL | 1986 | Aug-86 | 165 | |||||||||
Gainesville | La Quinta Inn | FL | 1989 | Jul-89 | 134 | |||||||||
San Angelo | La Quinta Inn | TX | 1974 | Dec-74 | 173 | |||||||||
Moline | La Quinta Inn | IL | 1975 | May-75 | 125 | |||||||||
St. Louis | La Quinta Inn and Suites | MO | 1997 | Apr-97 | 131 | |||||||||
Seattle/Tacoma | La Quinta Inn and Suites | WA | 1986 | Sep-86 | 143 | |||||||||
Seattle/Tacoma | La Quinta Inn and Suites | WA | 1986 | Dec-86 | 121 | |||||||||
Seattle/Tacoma | La Quinta Inn and Suites | WA | 1985 | Jun-85 | 155 | |||||||||
Salt Lake City | La Quinta Inn and Suites | UT | 1983 | Jun-83 | 100 | |||||||||
Galveston | La Quinta Inn | TX | 1978 | Jul-78 | 119 | |||||||||
Tampa/St Petersburg | La Quinta Inn and Suites | FL | 1986 | Jun-86 | 118 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 2006 | Aug-06 | 178 | |||||||||
Las Cruces | La Quinta Inn | NM | 1980 | Jun-80 | 139 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1986 | Jul-86 | 125 | |||||||||
Tucson | La Quinta Inn | AZ | 1977 | Jun-77 | 141 | |||||||||
Corpus Christi | La Quinta Inn | TX | 1973 | May-73 | 122 | |||||||||
Phoenix | La Quinta Inn | AZ | 1973 | Sep-73 | 138 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1974 | May-74 | 127 | |||||||||
San Antonio | La Quinta Inn | TX | 1974 | Nov-74 | 112 | |||||||||
Huntsville (AL) | La Quinta Inn | AL | 1985 | May-85 | 130 | |||||||||
Kansas City | La Quinta Inn | KS | 1978 | May-78 | 106 |
Page 3 of 8
Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Salt Lake City | La Quinta Inn | UT | 1978 | Jul-78 | 122 | |||||||||
Mobile | La Quinta Inn | AL | 1979 | May-79 | 122 | |||||||||
Merrillville | La Quinta Inn | IN | 1979 | Feb-79 | 121 | |||||||||
Cheyenne | La Quinta Inn | WY | 1981 | Feb-81 | 105 | |||||||||
Omaha | La Quinta Inn | NE | 1981 | Apr-81 | 129 | |||||||||
Albuquerque | La Quinta Inn | NM | 1982 | Apr-82 | 105 | |||||||||
Ft. Myers | La Quinta Inn | FL | 1984 | May-84 | 129 | |||||||||
Denver | La Quinta Inn | CO | 1980 | May-80 | 107 | |||||||||
Austin | La Quinta Inn and Suites | TX | 1987 | Apr-87 | 116 | |||||||||
Austin | La Quinta Inn | TX | 1965 | Feb-92 | 152 | |||||||||
Phoenix | La Quinta Inn | AZ | 1979 | Jun-79 | 146 | |||||||||
New Orleans | La Quinta Inn | LA | 1967 | Jul-06 | 172 | |||||||||
Redding | La Quinta Inn and Suites | CA | 1965 | Aug-93 | 141 | |||||||||
New Orleans | La Quinta Inn and Suites | LA | 1973 | Jun-73 | 198 | |||||||||
Sacramento | La Quinta Inn | CA | 1970 | Jun-70 | 168 | |||||||||
Nashville | La Quinta Inn and Suites | TN | 1986 | Oct-86 | 134 | |||||||||
Los Angeles | La Quinta Inn and Suites | CA | 1987 | Nov-87 | 160 | |||||||||
San Antonio | La Quinta Inn and Suites | TX | 2002 | Jan-02 | 276 | |||||||||
Lubbock | La Quinta Inn and Suites | TX | 1986 | Jun-86 | 131 | |||||||||
Las Vegas | La Quinta Inn and Suites | NV | 1984 | Jun-84 | 251 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1980 | Nov-80 | 122 | |||||||||
Fort Stockton | La Quinta Inn | TX | 1983 | Jun-83 | 97 | |||||||||
Austin | La Quinta Inn | TX | 1993 | Oct-93 | 117 | |||||||||
Chattanooga | La Quinta Inn | TN | 1986 | Aug-86 | 132 | |||||||||
Savannah | La Quinta Inn | GA | 1987 | Sep-87 | 119 | |||||||||
Kingsport | La Quinta Inn and Suites | TN | 1991 | Feb-91 | 118 | |||||||||
Austin | La Quinta Inn and Suites | TX | 1996 | Jun-96 | 149 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1996 | Jun-96 | 152 | |||||||||
Flagstaff | La Quinta Inn and Suites | AZ | 1996 | Jun-96 | 128 | |||||||||
Macon | La Quinta Inn and Suites | GA | 1996 | Oct-96 | 142 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1987 | Jun-87 | 145 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1996 | Aug-96 | 140 | |||||||||
Raleigh/Durham | La Quinta Inn and Suites | NC | 1996 | Nov-96 | 135 | |||||||||
Tucson | La Quinta Inn and Suites | AZ | 1996 | Sep-96 | 143 | |||||||||
Denver | La Quinta Inn and Suites | CO | 1996 | Dec-96 | 148 | |||||||||
Phoenix | La Quinta Inn and Suites | AZ | 1996 | Dec-96 | 140 | |||||||||
Birmingham | La Quinta Inn and Suites | AL | 1996 | Dec-96 | 129 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1996 | Dec-96 | 133 | |||||||||
Myrtle Beach | La Quinta Inn and Suites | SC | 1997 | Mar-97 | 128 | |||||||||
Denver | La Quinta Inn and Suites | CO | 1997 | Apr-97 | 120 | |||||||||
Sherman/Denison | La Quinta Inn and Suites | TX | 1997 | May-97 | 115 | |||||||||
Birmingham | La Quinta Inn and Suites | AL | 1997 | May-97 | 133 |
Page 4 of 8
Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Shreveport | La Quinta Inn and Suites | LA | 1997 | Mar-97 | 117 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1997 | May-97 | 117 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1997 | Jun-97 | 128 | |||||||||
Salt Lake City | La Quinta Inn and Suites | UT | 1997 | Jun-97 | 114 | |||||||||
Raleigh/Durham | La Quinta Inn and Suites | NC | 1998 | Jan-98 | 134 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1997 | May-97 | 128 | |||||||||
Alexandria | La Quinta Inn and Suites | LA | 1997 | May-97 | 117 | |||||||||
Orem/Provo | La Quinta Inn and Suites | UT | 1997 | Jun-97 | 131 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1998 | Mar-98 | 173 | |||||||||
Atlanta | La Quinta Inn and Suites | GA | 1997 | Sep-97 | 131 | |||||||||
Tampa/St Petersburg | La Quinta Inn and Suites | FL | 1997 | Nov-97 | 128 | |||||||||
Raleigh/Durham | La Quinta Inn and Suites | NC | 1998 | Mar-98 | 128 | |||||||||
Oklahoma City | La Quinta Inn and Suites | OK | 1997 | Nov-97 | 117 | |||||||||
Dallas/Ft Worth | La Quinta Inn and Suites | TX | 1998 | Jan-98 | 129 | |||||||||
Jacksonville | La Quinta Inn and Suites | FL | 1997 | Dec-97 | 131 | |||||||||
Grand Junction | La Quinta Inn and Suites | CO | 1998 | Feb-98 | 108 | |||||||||
Atlanta | La Quinta Inn and Suites | GA | 1998 | Feb-98 | 119 | |||||||||
Pueblo | La Quinta Inn and Suites | CO | 1998 | May-98 | 101 | |||||||||
Phoenix | La Quinta Inn and Suites | AZ | 1998 | Jan-98 | 125 | |||||||||
Lakeland | La Quinta Inn and Suites | FL | 1997 | Dec-97 | 119 | |||||||||
Panama City | La Quinta Inn and Suites | FL | 1998 | Jan-98 | 119 | |||||||||
Phoenix | La Quinta Inn and Suites | AZ | 1997 | Dec-97 | 107 | |||||||||
Tampa/St Petersburg | La Quinta Inn and Suites | FL | 1997 | Dec-97 | 109 | |||||||||
Denver | La Quinta Inn and Suites | CO | 1998 | Sep-98 | 168 | |||||||||
Albuquerque | La Quinta Inn and Suites | NM | 1998 | Jan-98 | 118 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1998 | Jul-98 | 143 | |||||||||
Colorado Springs | La Quinta Inn and Suites | CO | 1998 | Apr-98 | 131 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1998 | Dec-98 | 131 | |||||||||
New Orleans | La Quinta Inn and Suites | LA | 1999 | May-99 | 166 | |||||||||
Phoenix | La Quinta Inn and Suites | AZ | 1998 | Feb-98 | 108 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1998 | Jun-98 | 131 | |||||||||
Denver | La Quinta Inn and Suites | CO | 1998 | May-98 | 128 | |||||||||
Orlando | La Quinta Inn and Suites | FL | 1998 | Jun-98 | 128 | |||||||||
Ocala | La Quinta Inn and Suites | FL | 1998 | Jun-98 | 117 | |||||||||
Phoenix | La Quinta Inn and Suites | AZ | 1998 | Jun-98 | 117 | |||||||||
Omaha | La Quinta Inn | NE | 1979 | Sep-04 | 92 | |||||||||
Cleveland | La Quinta Inn and Suites | OH | 1997 | Sep-04 | 86 | |||||||||
Cleveland | La Quinta Inn | OH | 1990 | Sep-04 | 100 | |||||||||
Milwaukee | La Quinta Inn and Suites | WI | 1997 | Sep-04 | 97 | |||||||||
Sheboygan | La Quinta Inn | WI | 1975 | Sep-04 | 96 | |||||||||
Kansas City | La Quinta Inn | MO | 1991 | Sep-04 | 96 | |||||||||
Birmingham | La Quinta Inn | AL | 1987 | Sep-04 | 101 | |||||||||
Springdale | La Quinta Inn and Suites | AR | 1994 | Sep-04 | 100 |
Page 5 of 8
Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Hartford | La Quinta Inn | CT | 1991 | Sep-04 | 104 | |||||||||
Jacksonville | La Quinta Inn and Suites | FL | 1989 | Sep-04 | 99 | |||||||||
Orlando | La Quinta Inn and Suites | FL | 1988 | Sep-04 | 125 | |||||||||
Atlanta | La Quinta Inn | GA | 1985 | Sep-04 | 94 | |||||||||
Des Moines | La Quinta Inn and Suites | IA | 1993 | Sep-04 | 102 | |||||||||
Chicago | La Quinta Inn and Suites | IL | 1994 | Sep-04 | 103 | |||||||||
Chicago | La Quinta Inn and Suites | IL | 1995 | Sep-04 | 101 | |||||||||
Baton Rouge | La Quinta Inn and Suites | LA | 1985 | Sep-04 | 100 | |||||||||
Auburn (MA) | La Quinta Inn | MA | 1985 | Sep-04 | 100 | |||||||||
Detroit | La Quinta Inn | MI | 1987 | Sep-04 | 98 | |||||||||
Detroit | La Quinta Inn | MI | 1991 | Sep-04 | 100 | |||||||||
Meridian | La Quinta Inn and Suites | MS | 1985 | Sep-04 | 101 | |||||||||
Plattsburgh | La Quinta Inn and Suites | NY | 1996 | Sep-04 | 103 | |||||||||
Cincinnati | La Quinta Inn | OH | 1985 | Sep-04 | 98 | |||||||||
Cleveland | La Quinta Inn | OH | 1992 | Sep-04 | 115 | |||||||||
Columbus (OH) | La Quinta Inn | OH | 1993 | Sep-04 | 101 | |||||||||
Mansfield | La Quinta Inn and Suites | OH | 1996 | Oct-04 | 87 | |||||||||
Harrisburg | La Quinta Inn and Suites | PA | 1990 | Oct-04 | 110 | |||||||||
Jackson (TN) | La Quinta Inn and Suites | TN | 1991 | Oct-04 | 100 | |||||||||
Nashville | La Quinta Inn and Suites | TN | 1993 | Oct-04 | 102 | |||||||||
Milwaukee | La Quinta Inn | WI | 1988 | Oct-04 | 99 | |||||||||
Milwaukee | La Quinta Inn | WI | 1991 | Oct-04 | 98 | |||||||||
Stevens Point | La Quinta Inn and Suites | WI | 1989 | Oct-04 | 73 | |||||||||
Tampa/St Petersburg | La Quinta Inn and Suites | FL | 1988 | Oct-04 | 101 | |||||||||
Brunswick | La Quinta Inn and Suites | GA | 1990 | Oct-04 | 99 | |||||||||
Toledo | La Quinta Inn | OH | 1996 | Oct-04 | 101 | |||||||||
Columbia (SC) | La Quinta Inn and Suites | SC | 1986 | Oct-04 | 99 | |||||||||
Columbia (MO) | La Quinta Inn and Suites | MO | 1988 | Oct-04 | 100 | |||||||||
Melbourne/Titusville | La Quinta Inn and Suites | FL | 1995 | Oct-04 | 106 | |||||||||
Naples | La Quinta Inn and Suites | FL | 1995 | Oct-04 | 103 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1995 | Oct-04 | 104 | |||||||||
Detroit | La Quinta Inn and Suites | MI | 1997 | Oct-04 | 106 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1996 | Oct-04 | 107 | |||||||||
Chicago | La Quinta Inn | IL | 1987 | Oct-04 | 130 | |||||||||
Austin | La Quinta Inn and Suites | TX | 1998 | Oct-04 | 87 | |||||||||
Milwaukee | La Quinta Inn and Suites | WI | 2001 | Oct-04 | 88 | |||||||||
Boston | La Quinta Inn and Suites | MA | 2000 | Dec-04 | 147 | |||||||||
Los Angeles | La Quinta Inn and Suites | CA | 1972 | Feb-06 | 279 | |||||||||
Orange County | La Quinta Inn and Suites | CA | 1985 | Feb-06 | 181 | |||||||||
Myrtle Beach | La Quinta Inn and Suites | SC | 1986 | May-06 | 148 | |||||||||
Islip | La Quinta Inn and Suites | NY | 2006 | Jun-06 | 132 | |||||||||
Los Angeles | La Quinta Inn and Suites | CA | 1992 | Apr-06 | 129 | |||||||||
Little Rock | La Quinta Inn and Suites | AR | 1972 | May-06 | 261 |
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Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Minneapolis | La Quinta Inn and Suites | MN | 1980 | Jun-06 | 233 | |||||||||
Chicago | La Quinta Inn and Suites | IL | 2009 | Apr-09 | 239 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn | FL | 1968 | Jul-06 | 162 | |||||||||
West Palm Beach | La Quinta Inn | FL | 1988 | Oct-06 | 114 | |||||||||
South Burlington | La Quinta Inn and Suites | VT | 1988 | Mar-07 | 104 | |||||||||
St. Albans | La Quinta Inn and Suites | VT | 1996 | Sep-06 | 81 | |||||||||
Ft. Myers | La Quinta Inn and Suites | FL | 1986 | Sep-06 | 158 | |||||||||
Charlotte | La Quinta Inn and Suites | NC | 1986 | Oct-06 | 119 | |||||||||
Charleston | La Quinta Inn and Suites | SC | 1987 | Nov-06 | 174 | |||||||||
Sacramento | La Quinta Inn and Suites | CA | 1985 | Sep-06 | 131 | |||||||||
Thousand Oaks | La Quinta Inn and Suites | CA | 1987 | Sep-06 | 122 | |||||||||
Baltimore | La Quinta Inn and Suites | MD | 1987 | Feb-07 | 127 | |||||||||
Baltimore | La Quinta Inn and Suites | MD | 1990 | Feb-07 | 130 | |||||||||
Baltimore | La Quinta Inn and Suites | MD | 1989 | Feb-07 | 105 | |||||||||
New Haven | La Quinta Inn and Suites | CT | 1972 | Feb-07 | 152 | |||||||||
Portland (ME) | La Quinta Inn and Suites | ME | 1985 | Feb-07 | 105 | |||||||||
Boston | La Quinta Inn and Suites | NH | 1987 | Feb-07 | 105 | |||||||||
New York City | La Quinta Inn and Suites | CT | 1975 | Feb-07 | 158 | |||||||||
Warwick | La Quinta Inn and Suites | RI | 1990 | Feb-07 | 115 | |||||||||
Norfolk | La Quinta Inn and Suites | VA | 1987 | Jul-07 | 136 | |||||||||
New York City | La Quinta Inn and Suites | NY | 1999 | Sep-07 | 129 | |||||||||
Oshkosh | La Quinta Inn | WI | 1973 | Sep-04 | 96 | |||||||||
Wausau | La Quinta Inn | WI | 1979 | Sep-04 | 93 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn | FL | 1988 | Sep-04 | 101 | |||||||||
Tampa/St Petersburg | La Quinta Inn and Suites | FL | 1985 | Sep-04 | 101 | |||||||||
Atlanta | La Quinta Inn and Suites | GA | 1990 | Sep-04 | 101 | |||||||||
Columbus (GA) | La Quinta Inn and Suites | GA | 1985 | Sep-04 | 99 | |||||||||
Indianapolis | La Quinta Inn | IN | 1986 | Sep-04 | 97 | |||||||||
Indianapolis | La Quinta Inn | IN | 1993 | Sep-04 | 102 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1997 | Sep-04 | 104 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1996 | Sep-04 | 117 | |||||||||
Kenosha | La Quinta Inn | WI | 1979 | Sep-04 | 92 | |||||||||
Little Rock | La Quinta Inn and Suites | AR | 1990 | Sep-04 | 99 | |||||||||
Savannah | La Quinta Inn and Suites | GA | 1986 | Sep-04 | 100 | |||||||||
Albuquerque | La Quinta Inn and Suites | NM | 1990 | Sep-04 | 97 | |||||||||
Houston | La Quinta Inn and Suites | TX | 1994 | Sep-04 | 106 | |||||||||
Nashville | La Quinta Inn and Suites | TN | 1985 | Sep-04 | 141 | |||||||||
Minneapolis | La Quinta Inn | MN | 1989 | Sep-04 | 187 | |||||||||
Las Cruces | La Quinta Inn and Suites | NM | 1997 | Sep-04 | 87 | |||||||||
El Paso | La Quinta Inn and Suites | TX | 1996 | Oct-04 | 103 | |||||||||
El Paso | La Quinta Inn and Suites | TX | 1992 | Oct-04 | 103 | |||||||||
Lakeland | La Quinta Inn and Suites | FL | 1996 | Oct-04 | 103 |
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Metropolitan Market | Inn / Inn and Suites | State | Date of Construction | Month Acquired | Number of Rooms | Net Investment in Real Estate at Property(1) | ||||||||
Tampa/St Petersburg | La Quinta Inn | FL | 1984 | Oct-04 | 144 | |||||||||
Milwaukee | La Quinta Inn | WI | 1982 | Oct-04 | 103 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1991 | Oct-04 | 152 | |||||||||
Milford | La Quinta Inn | MA | 1989 | Dec-04 | 89 | |||||||||
Boston | La Quinta Inn and Suites | MA | 1981 | Dec-04 | 168 | |||||||||
Denver | La Quinta Inn and Suites | CO | 1972 | Sep-04 | 134 | |||||||||
Chicago | La Quinta Inn and Suites | IL | 1999 | Sep-04 | 127 | |||||||||
Cincinnati | La Quinta Inn and Suites | OH | 1997 | Sep-04 | 151 | |||||||||
San Antonio | La Quinta Inn and Suites | TX | 1999 | Sep-04 | 151 | |||||||||
Appleton | La Quinta Inn and Suites | WI | 1988 | Sep-04 | 99 | |||||||||
Milwaukee | La Quinta Inn and Suites | WI | 1994 | Sep-04 | 109 | |||||||||
Madison | La Quinta Inn and Suites | WI | 1997 | Sep-04 | 120 | |||||||||
Clifton | La Quinta Inn and Suites | NJ | 1973 | Apr-06 | 231 | |||||||||
Fairfield | La Quinta Inn and Suites | NJ | 1974 | Apr-06 | 176 | |||||||||
New York City | La Quinta Inn and Suites | NY | 1973 | Apr-06 | 140 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1987 | Apr-06 | 103 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1986 | Apr-06 | 79 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1994 | Apr-06 | 103 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1989 | Apr-06 | 97 | |||||||||
Naples | La Quinta Inn and Suites | FL | 1989 | Apr-06 | 103 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1990 | Apr-06 | 104 | |||||||||
Sarasota | La Quinta Inn and Suites | FL | 1990 | Apr-06 | 102 | |||||||||
West Palm Beach | La Quinta Inn and Suites | FL | 1989 | Feb-06 | 103 | |||||||||
Miami/Ft Lauderdale | La Quinta Inn and Suites | FL | 1987 | Mar-06 | 101 | |||||||||
Total | ||||||||||||||
(1) | Represents the historical cost of property, plant and equipment, net of accumulated depreciation and any fair value adjustments, for land, building and improvement assets at the hotel. The following table sets forth a reconciliation of net book value of properties to LQH’s total property, plant and equipment, net of accumulated depreciation for the year ended December 31, 2017. |
Net book value of investments in real estate properties | ||
Net book value of franchised and managed assets | ||
| ||
Total property, plant and equipment, net of accumulated depreciation | ||
|
(2) | This property is a joint venture in which we own the majority interest. |
(3) | The hotel previously in operation at this location was demolished and most of the land parcel was sold in 2017. This value represents the historical cost basis of the remaining land parcel. |
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