My grandmother made dozens of these from men's suiting wools. No clue where she got the fabric from as grandpa didn't wear suits. Usually tied with red like yours. This was during the 50's and 60's when they had dozens of foster kids and someone always needed a blanket or two. The pink plaid looks like house dress material from those decades.
these were called farmhand quilts, meant for heavy wear and tear and were not hand quilted. She sewed them on her Singer treadle.