LQI LA Quinta Corp

SANTA CLARITA, Calif., Aug. 10 /PRNewswire/ -- Ocean Park Hotels, Inc., has broken ground for an all new La Quinta Inn & Suites in Stevenson Ranch, California. The new hotel will have an excellent location at 25201 The Old Road, convenient to a diverse offering of corporate centers, shopping and restaurant enclaves, Six Flags Magic Mountain and Hurricane Harbor Amusement Parks, and the renowned par-72 Tournament Players Club Valencia Golf Club. The President of Ocean Park Hotels, James Flagg, states, "We're delighted in this new affiliation with La Quinta and feel this property will offer a high level of service and value, while helping to accommodate the increase of visitors to the Santa Clarita Valley." Ocean Park Hotels, a hotel development and management company, currently operates the Holiday Inn Express and Suites Valencia, the Best Western Valencia Inn, the Hilton Garden Inn Valencia Six Flags and the Comfort Suites Stevenson Ranch. The new La Quinta Inn & Suites Stevenson Ranch will offer 112 rooms and suites, featuring many of the frills travelers expect at higher price point hotels. Amenities will include complimentary continental breakfast, high- speed Internet access, a business center, as well as a fitness center and an outdoor heated pool. In addition, La Quinta's frequent stay program, considered one of the best in the industry, the Returns program, will be available for these travelers to earn points with each stay. La Quinta Corporation, based in Dallas, Texas is one of the largest owner/operators of limited-service hotels in the United States, with over 65,000 rooms and 9,000 employees and is well respected for their consistency in service, cleanliness, and commitment to presenting a continually updated product to business and leisure travelers. "We are looking forward to our relationship with La Quinta Corporation and honored that they selected Ocean Park Hotels to develop the hotel scheduled to open in December 2005," said Rob Gauthier, Executive Vice President of Hotel Operations for Ocean Park Hotels. "Whether it's the guest visiting the multitude of corporations and businesses in the Santa Clarita Valley, or travelers passing through on Interstate 5, or the destination guest coming to our area for the many entertainment options available, they will enjoy the new hotel and all the amenities it will offer." La Quinta Corporation (NYSE:LQI), 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 under the La Quinta Inns, La Quinta Inn & Suites(R), Baymont Inn & Suites(R), Woodfield Suites(R) and Budgetel(R) brands. For more information about La Quinta Corporation, please visit http://www.lq.com/. Ocean Park Hotels(TM) is a developer, owner, and operator of focused service and extended stay hotels. Its current portfolio includes nine hotels operating in California (Santa Clarita, Monterey, Arcata, San Luis Obispo, Thousand Oaks and Camarillo) and two properties in Phoenix, Arizona with seven more scheduled for construction in 2005 and 2006. With offices in Valencia and San Luis Obispo, California, Ocean Park Hotels operate under the flags of Marriott(R), Hilton(R), Holiday Inn(R), Choice Hotels(R), Best Western(R) and La Quinta. DATASOURCE: Ocean Park Hotels, Inc. CONTACT: Samantha Chan, Executive Assistant of Ocean Park Hotels Inc., +1-661-259-0080 Web site: http://www.oceanparkhotels.com/ http://www.lq.com/

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