Hotel chain La Quinta plans to offer 37.2 million shares on the NYSE under the symbol LQ in its upcoming IPO. The company anticipates pricing the offering for between $18 and $21 per share. The Blackstone Group holds a 95.8% pre-IPO stake in La Quinta after taking the company private in 2006 for about $3.4 billion, including about $800 million in debt. The chain operates and franchises over 800 hotels across North America. Pricing at the midpoint of the proposed range would value the company at about $2.4 billion.