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LA QUINTA MOTOR L.P. SENDS LETTER TO UNITHOLDERS IN RESPONSE TO RONIN PARTNERS' CONSENT SOLICITATION

 LA QUINTA MOTOR L.P. SENDS LETTER TO UNITHOLDERS IN RESPONSE TO
 RONIN PARTNERS' CONSENT SOLICITATION
 SAN ANTONIO, Texas, Aug. 25 /PRNewswire/ -- La Quinta Motor Inns Limited Partnership (NYSE: LQP) today released the text of a letter it sent to unitholders urging them to vote for their long-term interests. This letter was mailed to unitholders on Monday, Aug. 24, 1992, in response to Ronin Partners L.P.'s current consent solicitation which seeks to dissolve the partnership and dispose of its assets.
 The text of the letter follows:
 Vote for Your Long-Term Interests
 Because your vote is important to the future direction of the partnership, we are writing again to ask for your support. In its continuing effort to control the future of your partnership, Ronin wants your vote for its speculative proposal to dissolve the partnership and liquidate its assets without providing you the opportunity to know the terms of such liquidation. In contrast, we are firmly committed to building the long-term value of the partnership for the benefit of all unitholders. We believe unitholders can clearly determine their best interests.
 We strongly believe that the Ronin proposal is not in the best interests of all unitholders and urge you to reject Ronin's proposal. Do not sign any yellow consent card Ronin sends you -- even as a vote of protest. Please sign, date and promptly mail your white revocation of consent card. Please act today!
 Look at the Facts
 Ronin wants you to believe that its proposal to dissolve the partnership and liquidate its assets -- within 90 days -- will bring you value. We strongly disagree and urge you to look at the facts:
 -- Value will not be realized in what we view as a "fire sale." We continue to believe that unitholders will not receive true value in such a "fire sale" of the partnership's assets. We urge you to seriously consider Ronin's own statement regarding the possibility that, if a liquidator is appointed, no bids will be made that can be closed. In Ronin's very own words:
 "...the Special Liquidator may have no choice other than to liquidate the partnership's assets at disadvantageous prices and take whatever deal or deals are offered. As such, it is possible that unitholders would receive less from such a sale than the current value of their units."
 -- Ronin has presented no credible party to bid for the partnership's properties. Although Ronin states that the parties who may be potential bidders have had plenty of opportunity to already consider the form, structure and pricing of their bids, Ronin itself admits that even after its year-long efforts "it knows of no party who has firmly committed to bidding on the partnership's assets." To date, the partnership has only received the contingent lease proposal of Exel, a proposal which did not guarantee payment of any amount.
 -- Ronin's plan could bankrupt the partnership, if implemented. Sale of the partnership's inns would result in termination of the management agreement with La Quinta and the loss of its license to operate the partnership's inns as La Quinta(R) Inns. Such termination would constitute default under the partnership's $67.5 million mortgage debt held by AEtna Life Insurance Company which would permit AEtna to foreclose on the partnership's inns.
 -- Ronin's plan could prevent you from rejecting offers selected by Ronin's hand-picked liquidator. Under the Ronin plan, Ronin's liquidator could agree to sell or lease the partnership's assets without your approval of the terms of such sale or lease or without your knowing what will be received as payment under the accepted bid or bids. You should also know that Ronin admits that its hand-picked liquidator may consider, and unitholders may receive, some or all of their distributions (if any) in consideration other than cash, including securities which are not registered or freely tradeable -- to use their own words -- an "illiquid investment."
 -- Ronin's plan contains the risk that your units could be delisted by the New York Stock Exchange if dissolution is approved. Unitholders are advised that the New York Stock Exchange (NYSE) will normally give consideration to delisting the security of a company that has authorized and is committed to proceed with a liquidation. Accordingly, there is a risk that if the consents sought by Ronin are obtained and the partnership dissolved, the NYSE may take action to delist the units.
 We urge you not to take a chance with the value of your investment. Do not agree to dissolve your partnership without knowing what you will get. Remember, Ronin and its hand-picked liquidator have no experience whatsoever in the operations of lodging properties such as those owned by your partnership. Do not sign any yellow consent Ronin may send you! Please sign, date and mail your WHITE Revocation of Consent Card.
 Vote for Your Long-Term Interests
 Your partnership has benefited from its business relationships with La Quinta, including the management agreement for the partnership's inns. La Quinta's hotel management experience and its operating concept provide your partnership with a competitive advantage over other similarly priced lodging facilities. The long-term benefits derived from the partnership's relationship with La Quinta include:
 -- a state-of-the-art, nationwide reservations system;
 -- strong, centralized marketing for advertising and sales;
 -- centralized accounting and purchasing; and
 -- regionalized maintenance and property services.
 These advantages offer greater operating efficiencies and the centralized operating concept of La Quinta enables the partnership's properties to achieve higher occupancy rates. In 1991, the partnership's inns achieved an occupancy rate of 68 percent compared to the national average of 60.9 percent.
 Further, we have made significant improvements in the operations of the partnership as evidenced by our substantially improved operating results for the first six months of 1992. During this period the partnership achieved an increase in operating income (before litigation and solicitation costs) of 27.1 percent over the comparable 1991 period. The improvement is due primarily to cost reduction efforts begun in late 1991. We anticipate that the partnership will continue to benefit from the successful cost reduction program.
 We remain strongly committed to protecting and maximizing your investment. We also believe that capitalizing on our beneficial relationship with La Quinta is the best approach to the partnership's future and to increasing the value of your investment. We urge you to reject Ronin's bust-up, short-term proposal.
 We will continue to act in the best interests of all unitholders. Accordingly, in order to help bring this solicitation to a conclusion, please take a moment now to sign, date and mail your WHITE Revocation of Consent Card. Please act today!
 The many expressions of support from unitholders are greatly appreciated.
 Thank you.
 Important
 You are urged to sign, date and promptly mail your WHITE consent revocation card. Do not send Ronin's yellow consent card. Remember, if you have previously sent a yellow consent card to Ronin, you have every legal right to change your vote by executing a later dated WHITE revocation of consent card. Only your latest dated card counts.
 If your units are held by a broker, please contact the person responsible for your account and instruct him/her to execute a WHITE revocation of consent card on your behalf. Time is short, please act today!
 If you have questions or require assistance, please call D.F. King & Co., Inc., which is assisting us, at: 1-800-522-5001.
 /end of letter/
 -0- 8/25/92
 /NOTE TO EDITORS: Additional materials are available/
 /CONTACT: Marisa Heine of D.F. King & Co., 212-269-5550, for La Quinta Motor Inns/
 (LQP) CO: La Quinta Motor Inns Limited Partnership; Ronin Partners L.P. ST: Texas IN: LEI SU:


GK-PS -- NY034 -- 3021 08/25/92 12:07 EDT
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Date:Aug 25, 1992
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