UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

Washington, D.C. 20549

FORM 8-K

~~JOINT~~ CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of ~~report~~Report (Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): ~~February 24~~July 22, 2005

LA La ~~QUINTA~~Quinta ~~CORPORATION~~Corporation __________________________________________ (Exact name of registrant as specified in its charter)

(Exact name of registrant as specified in its charter)


Delaware	0-9110	95-3419438
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)

909 Hidden Ridge, Suite 600, Irving, Texas		75038
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

~~Delaware~~Registrant’s ~~(State~~telephone ornumber, ~~Other~~including ~~Jurisdiction~~area ofcode: ~~Incorporation) 0~~214-~~9110 (Commission File Number) 95~~492-~~3419438 (I.R.S. Employer Identification No.)~~6600

~~909~~ Not ~~Hidden~~Applicable ______________________________________________ Former ~~Ridge,~~name ~~Suite 600,~~or ~~Irving~~former address, TXif ~~75038 (Address~~changed ofsince ~~principal~~last ~~executive offices and zip code)~~report

~~(214) 492-6600~~ ~~(Registrant’s~~ La ~~telephone~~Quinta ~~number~~Properties, ~~including~~Inc. __________________________________________ (Exact ~~area~~name ~~code~~of registrant as specified in its charter)

Not Applicable (Former name or former address, if changed since last report)


Delaware	0-9109	95-3520818
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)

909 Hidden Ridge, Suite 600, Irving, Texas		75038
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

LARegistrant’s ~~QUINTA~~telephone ~~PROPERTIES~~number, ~~INC.~~ including area code: 214-492-6600

~~(Exact~~ n/a ______________________________________________ Former name ofor ~~registrant~~former asaddress, ~~specified~~if inchanged ~~its~~since ~~charter)~~last report

~~Delaware~~ Check ~~(State~~the orappropriate ~~Other~~box ~~Jurisdiction~~below ofif ~~Incorporation)~~the 0Form 8-~~9109~~K ~~(Commission~~filing ~~File~~is ~~Number)~~intended ~~95-3520818~~to simultaneously ~~(I.R.S.~~satisfy ~~Employer~~the ~~Identification~~filing ~~No.)~~obligation of the registrant under any of the following provisions:

~~909~~ [ ] Written ~~Hidden~~communications ~~Ridge,~~pursuant ~~Suite 600,~~to ~~Irving,~~Rule TX425 ~~75038~~under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (~~Address~~17 ofCFR ~~principal~~240.14a-12) [ ] Pre-commencement ~~executive~~communications ~~offices~~pursuant ~~and~~to ~~zip~~Rule ~~code~~14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~(214) 492-6600~~ ~~(Registrant’s~~ Top ~~telephone~~of ~~number,~~the ~~including area code)~~Form

~~Not~~ Item ~~Applicable~~1.01 ~~(Former~~Entry ~~name~~into ora ~~former~~Material ~~address,~~Definitive ~~if changed since last report)~~Agreement.

~~Check~~ (a) Employment Agreement With Chief Financial OfficerSteven A. Schumm, age 52, joined La Quinta Corporation ("LQ Corporation") as Executive Vice President and Chief Financial Officer on July 25, 2005. Mr. Schumm also serves as Executive Vice President and Chief Financial Officer of La Quinta Properties, Inc. ("LQ Properties" and together with LQ Corporation, "La Quinta"). In this capacity, Mr. Schumm will serve as the ~~appropriate~~principal ~~box~~financial officer of La Quinta. Mark W. Osterberg, La Quinta’s Vice President and Chief Accounting Officer, previously served as La Quinta’s principal financial officer prior to Mr. Schumm’s appointment.Prior to joining La Quinta, Mr. Schumm served as Executive Vice President -- Chief Administrative Officer of Charter Communications, Inc. ("Charter"), a broadband communications company, from 1998 to 2005. He also served as Interim Chief Financial Officer of Charter from December 2002 to January 2004. Mr. Schumm was a partner of Ernst & Young LLP from 1984 to 1998, where he was Managing Partner of Ernst & Young's St. Louis office and a member of the Ernst & Young National Tax Committee. Mr. Schumm joined Ernst & Young in 1974 and served in a variety of capacities during his years of service with the firm. On July 22, 2005, the Compensation Committees of the Board of Directors (the "Compensation Committee") of La Quinta approved, and then LQ Corporation entered into, an Employment Agreement with Mr. Schumm dated as of July 25, 2005 (the "Agreement"). Pursuant to the Agreement, Mr. Schumm has agreed to serve as an executive officer of LQ Corporation for a three-year term. The Agreement will automatically renew for successive one-year terms unless six months' notice of non renewal is given by either party. However, in the event of a change in control (as defined in the Agreement), the term of the Agreement will expire at the later of (i) the end of the remaining term then in effect or (ii) two years from the date of such change in control.The Agreement establishes the basis for Mr. Schumm’s compensation, including (i) his initial annual base salary of $350,000; (ii) a signing bonus of $150,000; (iii) an initial grant of options to purchase 140,000 La Quinta paired shares (as defined below), vesting 25% on each anniversary of the grant date for four years; (iv) an initial grant of 50,000 restricted paired shares, vesting on the fourth anniversary of the grant date; and (v) an annual bonus, to be determined by the Compensation Committee of 75% of his base salary for satisfaction of annual goals, which may be increased to an amount up to 150% of his base compensation if he significantly exceeds annual goals. LQ Corporation has agreed that his annual bonus for 2005 shall not be less than 75% of his prorated 2005 base salary. He is also eligible to receive additional long-term incentives such as performance awards of paired shares and options to purchase paired shares in accordance with LQ Corporation’s benefit plans and as determined by the ~~Form~~Compensation 8Committee. Paired shares means the shares of common stock of LQ Corporation, par value $0.01 per share, that are attached and trade as a single unit with the shares of Class B common stock, par value $0.01 per share, of LQ Properties.During the term of the Agreement and until the first anniversary date of the termination of his employment, Mr. Schumm may not, directly or indirectly, (i) solicit or induce, or in any manner attempt to solicit or induce any person employed by, or as agent of, LQ Corporation to terminate such person's employment or agency, as the case may be, with LQ Corporation or (ii) divert, or attempt to divert, any person, concern or entity from doing business with LQ Corporation. However, if Mr. Schumm’s employment with LQ Corporation terminates under certain specified circumstances, his obligations under the noncompetition provisions do not apply.If Mr. Schumm is terminated without cause (as defined in the Agreement) or if he terminates his employment for good reason (as defined in the Agreement), and a change in control has not occurred, LQ Corporation will pay the executive a lump sum equal to one times the sum of his then current base salary and then current base target bonus, plus an amount equal to his target bonus for the year of termination, pro-Krated ~~filing~~to the date of termination. LQ Corporation also will provide him with medical and certain other insurance benefits for up to one year.If a change in control occurs and Mr. Schumm’s employment is ~~intended~~terminated within two years of such change in control as a result of an executive termination event (as defined in the Agreement), then LQ Corporation will pay him an amount equal to ~~simultaneously~~two ~~satisfy~~times the ~~filing~~ ~~obligation~~greater of (i) the ~~registrants~~average of his annual base salary for the three fiscal years preceding the change in control or (ii) his then current base salary, plus two times the greater of (A) the average of his cash bonuses paid with respect to the last two fiscal years preceding the change in control or (B) his base target bonus. In addition, the executive's outstanding performance shares (as defined in the Agreement) and stock options will immediately vest and LQ Corporation will provide him with medical and certain other insurance benefits for up to two years. LQ Corporation will also pay Mr. Schumm his full base salary through the termination date, as well as an amount equal to the pro rata amount of his base target bonus, provide outplacement assistance and cash out any cash-based long-term incentives on a pro rata basis, based on the greater of actual goal achievement or target.The Agreement also provides for (i) a tax gross-up in the event specified taxes are incurred by Mr. Schumm with respect to any payments or benefits provided under the Agreement in the event of a change in control, (ii) indemnification to the fullest extent permitted by law for any costs, charges and expenses incurred by Mr. Schumm in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been an officer or employee of LQ Corporation or any of its affiliates and (iii) participation by Mr. Schumm in LQ Corporation’s employee benefit plans, including an automobile allowance and reimbursement for relocation expenses.The above summary description of the ~~following~~Agreement ~~provisions~~is qualified in its entirety by reference to the Agreement attached hereto as Exhibit 10.1 and by this reference made a part hereof.(b) Amended and Restated La Quinta Executive Supplemental Retirement AgreementOn July 22, 2005, the Compensation Committee approved, and La Quinta entered into, an Amended and Restated La Quinta Executive Supplemental Retirement Agreement with Francis W. Cash, Chairman and Chief Executive Officer of La Quinta (the "Amended SERP"). The Amended SERP amends and restates Mr. Cash’s 2001 executive supplemental retirement agreement with La Quinta (the "Original SERP") to comply with recent federal legislation affecting deferred compensation arrangements. The Amended SERP provides for payment of the same amount of Normal Retirement Benefit (as defined below) to Mr. Cash as the Original SERP.Pursuant to the Amended SERP, Mr. Cash will be fully vested and entitled to a supplemental lump sum retirement benefit of $8,638,000 (pretax) (the "Normal Retirement Benefit") upon the first to occur of the following:(i) his 65th birthday, provided he remains employed by La Quinta at the time;(ii) a change in control (as defined in the Amended SERP) , provided he remains employed by La Quinta at the time;(iii) termination of his employment by La Quinta without cause (as defined in the Amended SERP);(iv) termination of his employment by him for good reason (as defined in the Amended SERP); or(v) termination of his employment due to disability (as defined in the Amended SERP). Absent a change in control, the Normal Retirement Benefit will be paid to Mr. Cash upon the later of (i) six months following termination of his employment for any reason or (ii) January of the year immediately following the year in which termination of his employment occurs. Upon a change in control, the Normal Retirement Benefit becomes fully vested and payable six months following termination of his employment for any reason. If Mr. Cash’s employment is terminated by La Quinta for cause or by Mr. Cash without good reason prior to his 65th birthday (and prior to a change in control), then no benefits are payable under the Amended SERP.If payment of the Normal Retirement Benefit occurs after Mr. Cash reaches age 65, Mr. Cash is also entitled to receive interest on the Normal Retirement Benefit from the date he reaches age 65 until the date of payment at a rate of 7% per annum. If Mr. Cash dies before reaching age 65 while employed by La Quinta, his beneficiary will receive $4,319,000 (pretax) as a death benefit. If Mr. Cash dies after reaching age 65 while employed by La Quinta, his beneficiary will receive the Normal Retirement Benefit as a death benefit. In the event payment of the Normal Retirement Benefit is delayed beyond Mr. Cash’s 65th birthday, La Quinta will make an irrevocable contribution to a rabbi trust in an amount that, when added to any existing assets in the trust, would be sufficient to cover the full amount of the Normal Retirement Benefit. La Quinta will also make annual contributions thereafter to cover any accrued interest on the Normal Retirement Benefit.The above summary description of the Amended SERP is qualified in its entirety by reference to the Amended SERP attached hereto as Exhibit 10.2 and by this reference made a part hereof.

o Item ~~Written~~5.02 ~~communications~~Departure ~~pursuant~~of toDirectors ~~Rule 425~~or ~~under~~Principal ~~the~~Officers; ~~Securities~~Election ~~Act~~of ~~(17~~Directors; ~~CFR~~Appointment ~~230~~of Principal Officers.~~425)~~

o (c) The ~~Soliciting~~information ~~material~~set ~~pursuant~~forth toabove ~~Rule 14a-12~~in ~~under~~Item ~~the~~1.01(a) ~~Exchange~~regarding ~~Act~~Steven ~~(17~~A. ~~CFR~~Schumm ~~240~~is hereby incorporated by reference in this Item 5.~~14a-12)~~02.

o Item ~~Pre-commencement~~9.01 ~~communications~~Financial ~~pursuant~~Statements toand ~~Rule 14d-2(b) under the Exchange Act (17 CFR 240~~Exhibits.~~14d-2(b))~~

o (c) ExhibitsExhibit ~~Pre-commencement~~10.1 Employment ~~communications~~Agreement ~~pursuant~~dated toas ~~Rule 13e-4(c)~~of ~~under~~July ~~the~~25, ~~Exchange~~2005 ~~Act~~between ~~(17~~LQ ~~CFR~~Corporation ~~240~~and Steven A.~~13e-4(c))~~ SchummExhibit 10.2 Amended and Restated La Quinta Executive Supplemental Retirement Agreement dated as of July 22, 2005 among LQ Corporation, LQ Properties and Francis W. Cash

~~Item~~ Top ~~2.02 Results~~ of ~~Operations~~the ~~and Financial Condition.~~Form

~~Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release of La~~ ~~Quinta Corporation and La Quinta Properties, Inc., dated February 24, 2005, reporting their results~~ ~~of operations for the fourth quarter and full year ended December 31, 2004.~~ SIGNATURES

~~Item~~ Pursuant ~~9.01~~to ~~Financial~~the ~~Statements~~requirements ~~and~~of ~~Exhibits~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	La Quinta Corporation

July 25, 2005	By:	/s/ Mark W. Osterberg

		Name: Mark W. Osterberg
		Title: Vice President and Chief Accounting Officer

Exhibit 99.1 Press release of La Quinta Corporation and La Quinta Properties, Inc., dated February 24, 2005, reporting their results of operations for the fourth quarter and full year ended December 31, 2004.


	La Quinta Properties, Inc.

July 25, 2005	By:	/s/ Mark W. Osterberg

		Name: Mark W. Osterberg
		Title: Vice President and Chief Accounting Officer

~~SIGNATURES~~ Top of the Form

~~Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the~~ ~~Registrants have duly caused this joint report to be signed on their behalf by the undersigned~~ ~~hereunto duly authorized.~~ Exhibit Index

Dated: February 24, 2005	LA QUINTA CORPORATION
Exhibit No.		Description
	By:	/s/ Mark W. Osterberg
10.1		Employment Agreement dated as of July 25, 2005 between LQ Corporation and Steven A. Schumm
		Mark W. Osterberg
10.2		Amended and Restated La Quinta Executive Supplemental Retirement Agreement dated as of July 22, 2005 among LQ Corporation, LQ Properties and Francis W. Cash
		Vice President and Chief Accounting Officer

Dated: February 24, 2005	LA QUINTA PROPERTIES, INC.
	By:	/s/ Mark W. Osterberg
		Mark W. Osterberg
		Vice President and Chief Accounting Officer

EXHIBIT INDEX

Exhibit No.		Description
Exhibit 99.1		Press release of La Quinta Corporation and La Quinta Properties, Inc., dated February 24, 2005, reporting their results of operations for the fourth quarter and full year ended December 31, 2004.

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