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LA QUINTA MOTOR INNS REPORTS IMPROVED EARNINGS FOR THREE AND SIX MONTH PERIODS ENDING JUNE 30, 1992

 LA QUINTA MOTOR INNS REPORTS IMPROVED EARNINGS FOR THREE AND
 SIX MONTH PERIODS ENDING JUNE 30, 1992
 SAN ANTONIO, Texas, July 29 /PRNewswire/ -- La Quinta Motor Inns, Inc. (NYSE: LQM) reported improved results for the three and six month periods ended June 30, 1992.
 Revenues for the second quarter of 1992 improved 3.8 percent or $2,489,000 to $67,441,000 from $64,952,000 in last year's comparable quarter. Revenues for the six month period improved $4,961,000 to $125,664,000 from $120,703,000 in 1991. The revenue improvement resulted primarily from an increase in the average room rate in both the three and six month periods. The occupancy percentage for both the three and six month periods of 1992 has remained relatively flat with the comparable 1991 periods.
 For the quarter ended June 30, 1992, operating income was $17,523,000 compared with $8,037,000 in last year's comparable quarter. Operating income for the six month period ended June 30, 1992, was $29,487,000 compared with $16,818,000 in the comparable 1991 period. Operating income for the three and six month periods ended June 30, 1992, was impacted by charges of approximately $1.7 million in Corporate Governance and Restructuring. These charges consisted primarily of amounts due under severance agreements with former executive officers. Operating income for the three and six month periods ended June 30, 1991, were affected by Corporate Governance and Restructuring charges in excess of $6.5 million. Prior year's charges were primarily comprised of fixed asset writeoffs, severance related costs and expenses associated with the company's study to enhance shareholder value.
 Results for both the three and six month periods ended June 30, 1992, included ($197,000) or ($.01) per share and ($572,000) or ($.04) per share, respectively, of extraordinary losses, net of taxes compared with ($463,000) or ($.04) per share for the comparable three and six month periods of 1991. The extraordinary losses resulted from the refinancing of certain fixed rate debt.
 Net earnings for the second quarter of 1992 were $4,438,000 or $.32 per share compared with a net loss of ($2,065,000) or ($.16) per share for the second quarter of 1991. For the six month periods ended June 30, 1992 and 1991 the company reported net earnings of $5,383,000 or $.40 per share and a net loss of ($2,654,000) or ($.20) per share, respectively.
 LA QUINTA MOTOR INNS, INC.
 SELECTED FINANCIAL DATA
 Three Months Ended Six Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Revenues (000) $67,441 $64,952 $125,664 $120,703
 Operating Expenses:
 Direct (000) (34,523) (35,716) (66,446) (68,584)
 Corporate (000) (5,075) (5,635) (10,801) (10,695)
 Corporate
 Governance/
 Restructuring
 (000) (1,674) (6,516) (1,674) (6,752)
 Depreciation,
 Amortization
 and Fixed
 Assets Retire-
 ments (000) (8,646) (9,048) (17,256) (17,854)
 Operating income
 (000) 17,523 8,037 29,487 16,818
 Net earnings (loss)
 before extra-
 ordinary items
 (000) 4,545 (1,602) 5,955 (2,191)
 Net earnings (loss)
 per share before
 extraordinary
 items .33 (.12) .44 (.16)
 Net earnings (loss)
 (000) 4,348 (2,065) 5,383 (2,654)
 Net earnings (loss)
 per share .32 (.16) .40 (.20)
 Percentage of
 occupancy (pct.) 69.8 69.8 64.7 65.7
 Average room rate $ 44.44 $ 43.13 $ 44.59 $ 42.78
 At June 30, 1992, La Quinta Motor Inns, Inc. owned or operated more than 200 limited services inns in 29 states.
 -0- 7/29/92
 /CONTACT: La Quinta Motor Inns (investor relations), 512-366-6039/
 (LQM) CO: La Quinta Motor Inns, Inc. ST: Texas IN: LEI SU: ERN


PS -- NY093 -- 4692 07/29/92 14:35 EDT
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Date:Jul 29, 1992
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