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LA QUINTA MOTOR INNS LIMITED PARTNERSHIP ANNOUNCES IMPROVED RESULTS AND THE ENGAGEMENT OF FIRST BOSTON

     LA QUINTA MOTOR INNS LIMITED PARTNERSHIP ANNOUNCES IMPROVED
            RESULTS AND THE ENGAGEMENT OF FIRST BOSTON
    SAN ANTONIO, Texas, March 19 /PRNewswire/ -- La Quinta Motor Inns Limited Partnership (NYSE: LQP) reported results for its fourth quarter and year ended 1991.  The partnership reported a net loss of $946,000 or $.24 per unit for its year ended Dec. 31, 1991 compared with a net loss of $2,219,000 or $.55 per unit in 1990.  Revenues were $41,660,000 in 1991 compared with $39,406,000 in 1990 and operating income was $6,028,000 in 1991 compared with $4,660,000 in the prior year.
    For the fourth quarter, the partnership reported a net loss of $888,000 or $.22 per unit compared with a net loss of $1,144,000 or $.28 per unit in the fourth quarter of 1990.  Revenues were $9,567,000 and operating income was $889,000 in the fourth quarter of 1991 compared with $8,992,000 and $575,000, respectively, in the fourth quarter of 1990.
                LA QUINTA MOTOR INNS LIMITED PARTNERSHIP
                 (In thousands, except per unit amounts)
    Periods ended     Year      Percent           Three months   Percent
      Dec. 31     1991    1990   Change          1991    1990     Change
    Revenues     $41,660  $39,406   5.7        $9,567   $8,992       6.4
    Operating
     income        6,028    4,660  29.4           889      575      54.6
    Net loss        (946)  (2,219) 57.4          (888)  (1,144)     22.4
    Net loss
     per unit       (.24)    (.55) 56.4          (.22)    (.28)     21.4
    "We are pleased with the continuing improvement in operating performance of the partnership inns," stated Alan L. Tallis, president of La Quinta Realty Corp., general partner to the partnership.  "As previously reported, we have engaged the First Boston Corporation to assist us in the preparation of a comprehensive business and financial analysis of the partnership.  First Boston will work closely with the board of directors in its review of partnership operations."
    -0-                        3/19/92
    /CONTACT:  Alan L. Tallis, president of La Quinta Realty Corp., 512-366-6062/
    (LQP) CO:  La Quinta Motor Inns Limited Partnership ST:  Texas IN:  LEI SU:  ERN SM -- NY088 -- 9833 03/19/92 16:20 EST
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Publication:PR Newswire
Date:Mar 19, 1992
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