Exhibit 21 SUBSIDIARIES OF LA QUINTA INNS, INC. ("THE COMPANY") AS OF JANUARY 31, 1998 The Company has eight (8) active wholly-owned corporate subsidiaries which are: 1. La Quinta Financial Corporation, a Texas corporation; 2. La Quinta Realty Corp., a Texas corporation; 3. La Quinta Investments, Inc., a Delaware corporation; 4. LQI Acquisition Corporation, a Delaware corporation; 5. La Quinta Plaza, a Texas corporation; 6. La Quinta Inns de Mexico S.A. de C.V., a Mexico corporation; 7. La Quinta Inns of Lubbock, Inc., a Texas Corporation; and 8. La Quinta Inns, Inc. of Puerto Rico, Inc., a Delaware corporation. The following are wholly-owned partnerships of the Company as of January 31, 1998. La Quinta Development Partners, L.P. LQ-LNL Limited Partnership LQM Operating Partners, L.P. La Quinta Denver-Peoria Street, Ltd. LQ-Big Apple Joint Venture LQ-East Irvine Joint Venture La Quinta Motor Inns, Limited Partnership LQ Investments I LQ Investments II La Quinta - San Antonio South Joint Venture LQ Motor Inn Venture - Austin No. 530 LQ Baton Rouge Joint Venture The following are unincorporated partnerships and joint ventures (general and limited partnerships) of the Company as of January 31, 1998. Percentage of Ownership of Entity the Company ------ ----------- La Quinta-Wichita, Kansas No. 532, Ltd. 50% LQ-West Bank Joint Venture 1982 60% The Company is the sole general partner or managing partner of all of the partnerships listed above.