LaQuinta Inn & Suites LAX
NewcrestImage Completes Purchase of LaQuinta Inn & Suites LAX
August 30, 2022
NewcrestImage has finalized its purchase of the LaQuinta Inn & Suites LAX with a closing today on the 281-room, 10-floor property that is located less than one mile from Los Angeles International Airport. This hotel, which will be managed by Highgate Hotels, is part of NewcrestImage’s acquisition of four LaQuinta properties that together have 696 rooms. Closing on the other three hotels took place earlier in August – the LaQuinta Inn & Suites Irving DFW North; LaQuinta Inn & Suites Anaheim; and LaQuinta Inn Phoenix North. “These four hotels symbolize our company’s strategy of investing in properties and in markets ...
NewcrestImage to Acquire 4 LaQuinta Properties (696 Rooms) From Highgate and Cerberus
NewcrestImage | July 14, 2022
NewcrestImage has entered a definitive agreement with a joint venture between Highgate and Cerberus to acquire four LaQuinta-branded properties which together total 696 rooms. The properties include the LaQuinta Inn & Suites at Los Angeles International Airport (LAX) which marks NewcrestImage’s first gateway location in California. Closing is today on one hotel – the LaQuinta Inn & Suites Irving DFW North, located two miles from DFW International Airport -- while closing is expected in August for the other three hotels: LaQuinta Inn & Suites Anaheim; LaQuinta Inn Phoenix North; and LaQuinta Inn & Suites LAX. “The...
