La Quinta Completes $460M Secondary Offering

La Quinta Holdings Inc. ("La Quinta" or the "Company") announced today the completion of a secondary offering of 23,000,000 shares of La Quinta common stock by certain selling stockholders affiliated with The Blackstone Group L.P. at a price to the public of $20.00 per share, including 3,000,000 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of $460 million. La Quinta did not offer any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. J.P. Morgan and Morgan Stanley served as representatives of the underwriters and joint book-running managers for the offering. BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co. and Wells Fargo Securities also acted as joint book-running managers for the offering. EA Markets, Evercore ISI, JMP Securities, Lebenthal Capital Markets, Loop Capital Markets, Mischler Financial Group, Inc., Ramirez & Co., Inc., Raymond James, RBC Capital Markets and Stifel acted as co-managers for the offering. The offering of these securities was made only by means of a prospectus. Copies of the prospectus can be obtained from: J.P. Morgan Securities LLC Morgan Stanley Attention: Broadridge Financial Solutions Attention: Prospectus Department 1155 Long Island Avenue 180 Varick Street, 2nd Floor Edgewood, New York 11717 New York, NY 10014 Telephone: 1-866-803-9204 A registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.