LQI LA Quinta Corp

La Quinta Announces Board of Director Elections and Appointment DALLAS, May 20 /PRNewswire-FirstCall/ -- La Quinta Corporation (NYSE:LQI) today announced that Clive D. Bode has been appointed to the Board of Directors effective immediately. In addition, La Quinta announced that James P. Conn and Terrell B. Jones were elected to the Board of Directors at the company's annual meeting of stockholders. "We are pleased that Mr. Bode has re-joined the Board of Directors," said Francis W. ("Butch") Cash, Chairman and Chief Executive Officer. "He has been a guiding force in shaping the success of our company over the last several years. We are also pleased that Mr. Conn and Mr. Jones will be continuing their service on the Board. Their experience and expertise will greatly contribute to continuing to enhance shareholder value." Mr. Bode previously served as Chairman of the Board of Directors of La Quinta from 1999 to 2004. He has been a special advisor to certain members of the Bass Family of Fort Worth, Texas for the past 15 years. Mr. Bode is also a director of Kelly, Hart & Hallman, a Fort Worth-based law firm. Mr. Conn has served as Lead Independent Director of La Quinta since 2004 and also has served as a director of La Quinta since 1995. Mr. Conn was the Managing Director and Chief Investment Officer of Financial Security Assurance, Inc. from 1992 through 1998. He was also the President and Chief Executive Officer of Bay Meadows Operating Company from 1988 to 1992. Mr. Jones has served as director of La Quinta since 2004. Mr. Jones has been a principal with Essential Ideas, a consulting firm that he helped form, since 2002. From 1998 through 2002, he served as President and Chief Executive Officer of Travelocity.com Inc. In addition, he has over 20 years of experience with American Airlines, Inc. and Sabre Holdings Corporation, where he held a number of management and leadership positions in the sales, operations and technology areas. With today's announcement, there are seven members on the La Quinta Board of Directors, six of whom are independent. About La Quinta Corporation La Quinta Corporation is one of the largest owner/operators of limited- service hotels in the United States. Based in Dallas, Texas, the Company owns, operates or franchises more than 590 hotels in 39 states and Canada under the La Quinta Inns(R), La Quinta Inn & Suites(R), Baymont Inn & Suites(R), Woodfield Suites(R) and Budgetel(R) brands. For reservations or more information about La Quinta Corporation, please visit http://www.lq.com/ . DATASOURCE: La Quinta Corporation CONTACT: Tom Ward, Investor Relations of La Quinta Corporation, +1-877-777-6560 Web site: http://www.lq.com/

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