Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^{F1,F2,F3,F18,F20,F21,F23,F24,F25,F26}	Apr 2, 2015	S$0	1,198,106	—	D	13,539,310	I	See Footnotes
Common Stock^{F1,F2,F4,F19,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	164,977	—	D	1,864,344	I	See Footnotes
Common Stock^{F1,F2,F5,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	93,169	—	D	1,052,872	I	See Footnotes
Common Stock^{F1,F2,F6,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	31,335	—	D	354,094	I	See Footnotes
Common Stock^{F1,F2,F7,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	12,678	—	D	143,262	I	See Footnotes
Common Stock^{F1,F2,F8,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	33,759	—	D	381,502	I	See Footnotes
Common Stock^{F1,F2,F9,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	46,373	—	D	524,036	I	See Footnotes
Common Stock^{F1,F2,F10,F20,F23,F24,F25,F26}	Apr 2, 2015	S$0	53,816	—	D	608,156	I	See Footnotes
Common Stock^{F1,F2,F11,F22,F23,F24,F25,F26}	Apr 2, 2015	S$0	15,780	—	D	178,324	I	See Footnotes
Common Stock^{F1,F2,F12,F21,F23,F24,F25,F26}	Apr 2, 2015	S$0	539,029	—	D	6,091,344	I	See Footnotes
Common Stock^{F1,F2,F13,F21,F23,F24,F25,F26}	Apr 2, 2015	S$0	136,369	—	D	1,541,053	I	See Footnotes
Common Stock^{F1,F2,F14,F21,F23,F24,F25,F26}	Apr 2, 2015	S$0	194,120	—	D	2,193,670	I	See Footnotes
Common Stock^{F1,F2,F15,F21,F23,F24,F25,F26}	Apr 2, 2015	S$0	498,730	—	D	5,635,931	I	See Footnotes
Common Stock^{F1,F2,F16,F21,F23,F24,F25,F26}	Apr 2, 2015	S$0	15,626	—	D	176,582	I	See Footnotes
Common Stock^{F1,F2,F17,F22,F23,F24,F25,F26}	Apr 2, 2015	S$0	78,633	—	D	888,596	I	See Footnotes

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1These shares were sold at a price of $23.08168 per share. This amount represents the $23.71 public offering price per share of common stock of La Quinta Holdings Inc. ("Common Stock"), less the underwriting discount of $0.62832 per share of Common Stock.
F10These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.3-A L.P. ("BREPDC IV TE.3").
F11These securities are directly held by Blackstone Real Estate Holdings IV L.P. ("BREH IV").
F12These securities are directly held by Blackstone Real Estate Partners V L.P. ("BREP V").
F13These securities are directly held by Blackstone Real Estate Partners V.F L.P. ("BREP V F").
F14These securities are directly held by Blackstone Real Estate Partners V.TE.1 L.P. ("BREP V TE.1").
F15These securities are directly held by Blackstone Real Estate Partners V.TE.2 L.P. ("BREP V TE.2").
F16These securities are directly held by Blackstone Real Estate Partners (AIV) V L.P. ("BREP AIV V").
F17These securities are directly held by Blackstone Real Estate Holdings V L.P. ("BREH V," and together with BRE-NQ, BRE Prime, BREP IV, BREP IV F, BREP IV TE.2, BREPDC IV TE.1, BREPDC IV TE.2, BREPDC IV TE.3, BREH IV, BREP V, BREP V F, BREP V TE.1, BREP V TE.2 and BREP AIV V, the "Blackstone Funds").
F18The managing members of BRE-NQ are BREP IV and BREP V.
F19The managing member of BRE Prime is BRE/Prime Mezz 3-A L.L.C. The managing member of BRE/Prime Mezz 3-A L.L.C. is BRE/Prime Holdings L.L.C. The managing member of BRE/Prime Holdings L.L.C. is WIH Hotels L.L.C. The managing member of WIH Hotels L.L.C. is BREP IV.
F2These shares represent shares of Common Stock that are directly held by the Blackstone Funds (as defined below).
F20The general partner of each of BREP IV, BREP IV F, BREP IV TE.2, BREPDC IV TE.1, BREPDC IV TE.2 and BREPDC IV TE.3 is Blackstone Real Estate Associates IV L.P. The general partner of Blackstone Real Estate Associates IV L.P. is BREA IV L.L.C.
F21The general partner of each of BREP V, BREP V F, BREP V TE.1, BREP V TE.2 and BREP AIV V is Blackstone Real Estate Associates V L.P. The general partner of Blackstone Real Estate Associates V L.P. is BREA V L.L.C.
F22The general partner of BREH V is BREP V Side-by-Side GP L.L.C. The general partner of BREH IV is BREP IV Side-by-Side GP L.L.C.
F23The sole member of each of BREP IV Side-by-Side GP L.L.C. and BREP V Side-by-Side GP L.L.C. and managing member of each of BREA IV L.L.C. and BREA V L.L.C is Blackstone Holdings II L.P.
F24The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP Inc. The sole shareholder of Blackstone Holdings I/II GP Inc. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
F25Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Due to the limitations of the Securities and Exchange Commission's EDGAR system, BRE-NQ, BRE Prime, BREP IV, BREP IV F, BREP IV TE.2, BREPDC IV TE.1, BREPDC IV TE.2, BREPDC IV TE.3, BREH IV, BREP V, BREP V F, BREP V TE.1, BREP V TE.2, BREP AIV V, Blackstone Real Estate Holdings V L.P., BRE/Prime Mezz 3-A L.L.C., BRE/Prime Holdings L.L.C., WIH Hotels L.L.C., Blackstone Real Estate Associates IV L.P. and Blackstone Real Estate Associates V L.P. have filed separate Forms 4.
F26Each of the Reporting Persons (other than each of Blackstone Funds to the extent they directly hold securities reported herein), disclaims beneficial ownership of the securities held by each of the Blackstone Funds, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than each of the Blackstone Funds to the extent they directly hold securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
F3These securities are directly held by BRE/LQJV-NQ L.L.C. ("BRE-NQ").
F4These securities are directly held by BRE/ Prime Mezz 2 L.L.C. ("BRE Prime").
F5These securities are directly held by Blackstone Real Estate Partners IV L.P. ("BREP IV").
F6These securities are directly held by Blackstone Real Estate Partners IV.F L.P. ("BREP IV F").
F7These securities are directly held by Blackstone Real Estate Partners IV.TE.2 L.P. ("BREP IV TE.2").
F8These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.1 L.P. ("BREPDC IV TE.1").
F9These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.2 L.P. ("BREPDC IV TE.2").