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LA QUINTA AND RONIN LITIGATION UPDATE

 SAN ANTONIO, Texas, July 7 /PRNewswire/ -- La Quinta Motor Inns Limited Partnership (NYSE: LQP) today announced that the approvals by the Federal and state courts in Delaware of the Stipulation and Agreement of Compromise and Settlement ("Settlement") between La Quinta Motor Inns Limited Partnership, La Quinta Realty Corp., La Quinta Inns, Inc. and Ronin Partners, L.P. have become final. On June 3, 1993, the judge of the United States District Court for the District of Delaware entered an Order approving the Settlement and dismissing two consolidated actions pending in Federal Court. The next day, June 4, 1993, the Settlement was approved and the two actions pending in the Delaware Court of Chancery were dismissed. The Settlement became final on July 6, 1993, upon the expiration of the time to appeal the Courts' decisions approving the Settlement.
 La Quinta Motor Inns Limited Partnership owns 31 La Quinta Inns and 20 restaurants in 15 states.
 -0- 7/7/93
 /CONTACT: Investor Relations, La Quinta Motor Inns Limited Partnership, 210-366-6030/
 (LQP)


CO: La Quinta Motor Inns Limited Partnership; Ronin Partners, L.P. ST: Texas IN: LEI SU:

LD -- NY069 -- 9233 07/07/93 17:19 EDT
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Publication:PR Newswire
Date:Jul 7, 1993
Words:194
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