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LA QUINTA MOTOR INNS, INC. ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING

 SAN ANTONIO, Texas, May 20 /PRNewswire/ -- La Quinta Motor Inns, Inc. (NYSE: LQM) today announced the commencement of a public offering of $120 million of 9-1/4 percent senior subordinated notes due 2003. La Quinta intends to use the proceeds from the offering to refinance existing indebtedness, acquire interests in four existing partnerships and for general corporate purposes.
 The underwriters for the offering are Donaldson, Lufkin & Jenrette Securities Corporation and BT Securities Corporation.
 La Quinta Motor Inns, Inc. owns and/or operates over 200 limited service inns in 29 states.
 -0- 5/20/93
 /CONTACT: La Quinta Motor Inns, Inc. investor relations, 210-366-6030/
 (LQM)


CO: La Quinta Motor Inns, Inc. ST: Texas IN: LEI SU: OFR

TS -- NY041 -- 0693 05/20/93 10:45 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 20, 1993
Words:125
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