Mr. Osterberg brings to La Quinta over 20 years of financial management and public company experience, much of that time being spent within the travel industry. He has a broad background in GAAP, SEC and financial disclosure matters. He has served as Chief Accounting Officer for Northwest Airlines Corporation and Chief Financial Officer for Sun Country Airlines. Most recently, Mr. Osterberg was a self-employed consultant to a number of diverse clients. Mr. Osterberg's professional background includes substantial public accounting experience, having spent nine years with the accounting firm Deloitte Haskins & Sells. Mr. Osterberg has also served on the Financial Accounting Standards Advisory Council.

"We are pleased to have such a strong industry veteran join La Quinta," said Mr. Rea. "Mark's proven experience will enhance our accounting organization and add depth to our senior leadership team."

A graduate of Southern Methodist University with a BBA in Economics, Mr. Osterberg also holds an MA in Economics from Rice University and an MBA in Accounting from the University of Florida and is a Certified Public Accountant.

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 560 hotels in 39 states under the La Quinta Inns®, La Quinta Inn & Suites®, Baymont Inns & Suites®, Woodfield Suites® and Budgetel® brands.