La Quinta Now Public

La Quinta Holdings Inc. (the “Company”) today announced the pricing of its initial public offering of 38,250,000 shares of its common stock at a price to the public of $17.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 5,737,500 shares at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on April 9, 2014 under the symbol “LQ”. The offering is expected to close on April 14, 2014, subject to the satisfaction of customary closing conditions.

The net proceeds of the offering are expected to be approximately $618 million after deducting underwriting discounts and commissions and before deducting estimated offering expenses, prior to any exercise of the underwriters’ option to purchase additional shares.

April 8, 2014