<PAGE>
FILED PURSUANT TO RULE 424(B)(2)
FILE NO. 333-00309
Pricing Supplement No. 1 dated October 10, 1996 (to Prospectus Supplement
dated September 16, 1996 and Prospectus dated January 25, 1996).
LA QUINTA INNS, INC.
MEDIUM-TERM NOTES
DUE MORE THAN NINE MONTHS
FROM DATE OF ISSUE
- --------------------------------------------------------------------------------
Principal Amount: $50,000,000
Registered Holder: Cede & Co.
Taxpayer Identification No.:
Book Entry __X__
Certificated _____
Fixed Rate Medium-Term Note:
Original Issue Date: 10/17/96
Interest Accrual Date: 10/17/96
Interest Rate: 7.11%
Original Maturity Date: 10/17/01
Applicability of Extension of Maturity Date: N/A
If yes, state Final Maturity Date: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
Optional Repayment Date(s): N/A
Applicability of Modified Payment Upon Acceleration: N/A
If yes, state Issue Price: N/A
Applicability of Annual Interest Payments: N/A
Total Amount of OID: None
Original Yield to Maturity: N/A
Record Date (if other than January 1 and July 1): N/A
Other Terms: None
<PAGE>
Floating Rate Medium-Term Note: N/A
Original Issue Date:
Interest Accrual Date:
Base Rate:
Spread (Plus or Minus):
Spread Multiplier:
Alternate Rate Event Spread:
Initial Interest Rate:
Initial Interest Reset Date:
Maximum Interest Rate:
Minimum Interest Rate:
Index Maturity:
Interest Accrual Date:
Interest Payment Date(s):
Interest Payment Period:
Interest Reset Period:
Interest Reset Dates:
Original Maturity Date:
Applicability of Extension of Maturity Date:
If yes, state Final Maturity Date:
Initial Redemption Date:
Initial Redemption Percentage:
Applicability of Modified Payment upon Acceleration:
If yes, state Issue Price:
Annual Redemption Percentage Reduction:
Optional Repayment Date(s):
Calculation Agent:
Total Amount of OID:
Original Yield to Maturity:
Initial Accrual Period OID:
Reporting Service:
Other Terms:
