| Business Summary | | La
Quinta
Properties,
Inc.,
formerly
known
as
Meditrust
Corporation,
consists
of
two
separate
companies:
Meditrust
Corporation
(Realty)
and
Meditrust
Operating
Company
(Operating).
Realty
is
a
real
estate
investment
trust
and
Operating
is
a
taxable
corporation.
As
of
December
31,
2000,
Realty's
real
estate
investments
were
principally
in
hotels.
In
addition,
Realty
had
investments
in
healthcare
related
real
estate.
As
a
REIT,
Realty
is
not
permitted
to
operate
the
businesses
conducted
at
or
with
the
real
estate
that
it
owns;
rather,
Realty
must
lease
its
properties
to
the
operators
of
the
businesses.
Operating
operates
the
lodging
related
real
estate
owned
or
leased
by
Realty.
Operating
does
not
conduct
any
activities
related
to
Realty's
healthcare
related
real
estate.
Operating's
business
is
conducted
under
the
La
Quinta
brand
name. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | La
Quinta
Properties,
Inc.
is
a
REIT
which
invests
in
retirement
communities,
assisted
living
centers,
long-term
care
facilities
and
other
income
producing
health
care
related
real
estate.
For
the
six
months
ended
6/30/01,
revenues
fell
15%
to
$365.1
million.
Net
loss
applicable
to
Common
and
before
acct.
change
and
extraordinary
item
fell
59%
to
$33.6
million.
Results
reflect
lower
rental
and
interest
revenues,
and
the
absence
of
a
$39.1
million
provision
for
loss
on
equity
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Clive Bode, 58 Chairman | -- | Francis Cash, 59 Pres,
CEO, Director | -- | David Rea CFO, Exec. VP, Treasurer | -- | Michael Bushee COO | $1.0M | A. John Novak Sr.
VP, CIO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|