Printer Friendly

LA QUINTA MOTOR INNS LIMITED PARTNERSHIP CLOSES LOAN RESTRUCTURING

 LA QUINTA MOTOR INNS LIMITED PARTNERSHIP CLOSES LOAN RESTRUCTURING
 SAN ANTONIO, Texas, Jan. 20 /PRNewswire/ -- LQM Operating Partners, L.P., (NYSE: LQP) a subsidiary limited partnership of La Quinta Motor Inns Limited Partnership, announced today that it has closed the loan extension with AEtna Life Insurance Company pertaining to 28 of the partnership's 31 inns.
 Pursuant to the terms of the loan restructuring, AEtna has extended the maturity date of the loan to Nov. 1, 1994. "With the debt restructuring completed, the board of directors of La Quinta Realty Corp. can now focus its full attention on opportunities that may exist to enhance unitholder value. With the assistance of our financial and legal advisors, we will begin that process immediately," stated Alan Tallis, president of La Quinta Realty Corp.
 La Quinta Motor Inns Limited Partnership owns and operates 31 La Quinta Inns in 15 states.
 -0- 1/20/92
 /CONTACT: Alan L. Tallis, president of La Quinta Realty, 512-366-6062/
 (LQP) CO: LQM Operating Partners, L.P.; La Quinta Motor Inns Limited
 Partnership ST: Texas IN: LEI SU:


CK -- NY062 -- 1570 01/20/92 17:59 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 20, 1992
Words:186
Previous Article:PEOPLES GAS PLEDGES HELP IN PROBE OF GAS INCIDENT
Next Article:HQ OFFICE INTERNATIONAL, INC. ANNOUNCES SALE OF GREAT CANADIAN OFFICE SUPPLIES WAREHOUSE STORES
Topics:


Related Articles
LA QUINTA MOTOR INNS LIMITED PARTNERSHIP ANNOUNCES DEBT EXTENSION AND REPORTS THIRD QUARTER RESULTS
LA QUINTA MOTOR INNS LIMITED PARTNERSHIP DECLARES CASH DISTRIBUTION FOR THE QUARTER ENDED DEC. 31, 1991
RONIN'S CONSENT SOLICITATION DEFECTIVE
LA QUINTA ANNOUNCES PROPOSAL FROM EXEL INNS
LA QUINTA MOTOR INNS LIMITED PARTNERSHIP
LA QUINTA MOTOR INNS LIMITED PARTNERSHIP ANNOUNCES SUBSTANTIALLY IMPROVED OPERATING RESULTS
INDEPENDENT INSPECTOR REPORTS THAT RONIN CONSENT SOLICITATION FAILED
LA QUINTA AND RONIN LITIGATION UPDATE
LodgeNet, La Quinta Inns Greatly Expand In-Room Offerings With New Interactive TV Services Agreement.
SignalTree Solutions Furthers Position in Hospitality Sector With La Quinta Inns Contract Signing.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters