Exhibit 99.1

                FOR IMMEDIATE RELEASE

LA QUINTA HOLDINGS REPORTS STRONG FIRST QUARTER 2014 RESULTS

IRVING, Texas (May 20, 2014) – La Quinta Holdings Inc. (NYSE: LQ) today reported its first quarter 2014 results on a pro forma basis, giving effect to La Quinta’s initial public offering (IPO) and the related transactions as described below, as well as the results of operations for the first quarter 2014 of its predecessor entities on a historical basis. Highlights include:

Overview

Wayne B. Goldberg, President & Chief Executive Officer of La Quinta, said, “Our business is performing well. Our strong first quarter results were driven by our refreshed portfolio and repositioned brand which together delivered continued RevPAR growth, Adjusted EBITDA growth, and Adjusted EBITDA margin expansion. Our hotels continued to achieve RevPAR index gains, up 105 basis points over the prior year. During the quarter, we opened 12 new franchise hotels and we continue to maintain a robust pipeline of 186 hotels totaling over 15,000 rooms.”

Mr. Goldberg continued, “Furthermore, subsequent to the end of the quarter, we completed our IPO and debt refinancing, which marked an important step in La Quinta’s evolution. With a capital light franchise growth strategy and a tailwind from the ongoing lodging industry recovery, we continue to be well-positioned. We will further reduce our outstanding debt beginning in the second quarter with proceeds from our strong cash generation. We expect that these efforts will result in a stronger balance sheet in the coming quarters which will further support our ability to drive earnings growth and shareholder value.”

The results of operations for the Company, on a pro forma basis, and for the La Quinta Predecessor Entities, on a historical basis, for the three months ended March 31, 2014 include the following highlights⁽¹⁾ (in thousands):

Development

The Company opened 12 franchised hotels with over 1,200 rooms in the first quarter and achieved net system-wide growth of 9 hotels with over 1,000 rooms. As of March 31, 2014, the Company had a pipeline of 186 franchise hotels totaling over 15,000 rooms, to be located in the United States, Mexico, Canada, Colombia and Honduras.

The Company’s system-wide portfolio, as of March 31, 2014, consisted of 839 hotels representing approximately 84,000 rooms located predominantly across 46 U.S. states, as well as in Canada and Mexico. This portfolio includes 353 owned and operated hotels, including the 14 previously managed hotels, and 486 franchise hotels.

Balance Sheet and Liquidity

As of March 31, 2014, on a pro forma basis, the Company had $2.1 billion of outstanding indebtedness with a weighted average interest rate of approximately 4.4 percent, including the impact of an interest rate swap, as if the IPO refinancing transaction described below under “Initial Public Offering and Credit Facility” had occurred on that date. Total cash and cash equivalents on a pro forma basis was $134.0 million as of March 31, 2014, including $6.9 million of restricted cash and cash equivalents.

On a historical basis, the La Quinta Predecessor Entities had $2.7 billion of outstanding indebtedness with a weighted average interest rate of approximately 5.3 percent. Total cash and cash equivalents on a historical basis were $150.4 million as of March 31, 2014, including $86.6 million of restricted cash and cash equivalents.

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Initial Public Offering and Credit Facility

On April 14, 2014, the Company issued approximately 44 million shares of common stock at an IPO price of $17.00 per share, including the full exercise of the underwriters’ option to purchase additional shares. Upon completion of the IPO, the Company had approximately 129.7 million shares outstanding on a fully diluted basis including approximately 0.35 million shares issued under the Company’s omnibus incentive plan.

Concurrent with the consummation of the IPO, the Company put in place a credit agreement providing for senior secured credit facilities consisting of a $2.1 billion senior secured term loan facility, which will mature in 2021, and a $250.0 million senior secured revolving credit facility which will mature in 2019. At closing, we also entered into a five year interest rate swap on $850 million of the term loan principal balance.

The Company used the net proceeds from the IPO, together with the net proceeds from the senior secured term loan facility and available cash, to repay approximately $2.7 billion of the La Quinta Predecessor Entities’ outstanding debt. Any remaining net proceeds are being used for general corporate purposes.

Outlook

Based upon management’s current estimates, the Company is introducing its guidance for full year 2014:

Webcast and Conference Call

La Quinta Holdings Inc. will host a conference call to discuss first quarter 2014 results on Tuesday, May 20, 2014 at 5:00 p.m. Eastern Daylight Time. Participants may listen to the live webcast by dialing (877) 407-3982, or (201) 493-6780 for international participants or by logging onto the La Quinta Investor Relations website at www.lq.com/investorrelations. Participants are encouraged to dial into the call or link to the webcast at least fifteen minutes prior to the scheduled start time.

A replay of the call will be available from approximately 8 p.m. Eastern Time on May 20, 2014 through midnight Eastern Time on June 3, 2014. To access the replay, the domestic dial-in number (877) 870-5176, the international dial-in number is (858) 384-5517, and the passcode is 13582658. The archive of the webcast will be available on the Company’s website for a limited time.

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Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources and other non-historical statements, including the statements in the “Outlook” section of this press release. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in our prospectus dated April 8, 2014, filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b) of the Securities Act on April 9, 2014, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Non-GAAP Financial Measures

We refer to certain non-GAAP financial measures in this press release including Adjusted EBITDA, Adjusted EBITDA margins, and Segment Adjusted EBITDA. Please see the schedules to this press release for additional information and reconciliations of such non-GAAP financial measures.

About La Quinta Holdings Inc.

La Quinta Holdings Inc. (LQ) is a leading owner, operator and franchisor of select-service hotels primarily serving the upper-midscale and midscale segments. The Company’s owned and franchised portfolio consists of more than 830 La Quinta Inn & Suites™ and La Quinta Inn™ branded hotels representing approximately 84,000 rooms located in 47 states, as well as Canada and Mexico. La Quinta’s team is committed to providing guests with a refreshing and engaging experience. For more information, please visit: www.LQ.com.

Contacts:

Investor Relations

214-492-6896

investor.relations@laquinta.com

Media:

Phil Denning & Jason Chudoba

203-682-8200

Phil.Denning@icrinc.com

Jason.Chudoba@icrinc.com

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LA QUINTA HOLDINGS INC.

EARNINGS RELEASE SCHEDULES

TABLE OF CONTENTS

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LA QUINTA HOLDINGS INC.

(“LA QUINTA PREDECESSOR ENTITIES”)

HISTORICAL STATEMENTS OF OPERATIONS

(unaudited, in thousands)

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RECONCILIATIONS

Prior to the IPO, the Company’s business was conducted, and the Company’s hotel properties were owned, through multiple entities including (i) the “La Quinta Predecessor Entities” which were entities under common control or otherwise consolidated for financial reporting purposes, and their consolidated subsidiaries and (ii) entities that owned 14 hotels (the “Previously Managed Portfolio”) managed by the La Quinta Predecessor Entities. In connection with the IPO, among other transactions, (i) the La Quinta Predecessor Entities were contributed to the Company, (ii) the La Quinta Predecessor Entities purchased the Previously Managed Portfolio, and (iii) the Company effected the refinancing transactions described below (together with the IPO, the “IPO Transactions”).

The unaudited pro forma financial data for the three-month periods ended March 31, 2014 and 2013 are presented as if the IPO Transactions all had occurred on January 1, 2013 for the purposes of the unaudited pro forma combined statements of operations. The unaudited pro forma combined financial information excludes adjustments that are not expected to have a continuing effect on the Company. Excluded adjustments include the initial income tax impact of the La Quinta Predecessor Entities and the Previously Managed Portfolio being owned by a “C” corporation, gains and losses related to the debt financing transactions, and the impact of the issuance of vested and unvested restricted stock related to long term incentives, and discontinued operations. In addition, the pro forma financial data does not include the other costs of being a public company. Accordingly, the unaudited pro forma financial data is not necessarily indicative of our financial position or results of operations had the transaction described above for which we are giving pro forma effect actually occurred on the dates indicated.

The tables below provides a reconciliation of the pro forma financial information, including segment information, for the Company to the historical information for the La Quinta Predecessor Entities and a reconciliation of Adjusted EBITDA to Net Income, both on a pro forma and historical basis. We believe this financial information provides meaningful supplemental information because it reflects the combined business of the La Quinta Predecessor Entities and the Previously Managed Portfolio and the ongoing effects of the other IPO Transactions. This represents how management views the business and reviews our operating performance. It is also used by management when publicly providing the business outlook. See the definition of “EBITDA” and “Adjusted EBITDA” for a further explanation of the use of these measures.

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PRO FORMA FINANCIAL INFORMATION AND NET INCOME RECONCILIATION

(unaudited, in thousands)

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PRO FORMA AND HISTORICAL ADJUSTED EBITDA NON-GAAP RECONCILIATION

(unaudited, in thousands)

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PRO FORMA AND HISTORICAL SEGMENT REVENUES AND ADJUSTED EBITDA RECONCILIATION

(unaudited, in thousands)

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PRO FORMA ADJUSTED EBITDA NON-GAAP RECONCILIATION

OUTLOOK: FORECASTED 2014

(unaudited, in thousands)

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LA QUINTA HOLDINGS INC.

DEFINED TERMS

“EBITDA” and “Adjusted EBITDA.” Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is a commonly used measure in many industries. We adjust EBITDA when evaluating our performance because we believe that the adjustment for certain items, such as restructuring and acquisition transaction expenses, impairment charges related to long-lived assets, non-cash equity-based compensation, discontinued operations, and other items not indicative of ongoing operating performance, including other items relating to the IPO Transactions, provides useful supplemental information to management and investors regarding our ongoing operating performance. We believe that EBITDA and Adjusted EBITDA provide useful information to investors about us and our financial condition and results of operations for the following reasons: (i) EBITDA and Adjusted EBITDA are among the measures used by our management team to evaluate our operating performance and make day-to-day operating decisions; and (ii) EBITDA and Adjusted EBITDA are frequently used by securities analysts, investors, lenders and other interested parties as a common performance measure to compare results or estimate valuations across companies in our industry.

EBITDA and Adjusted EBITDA are not recognized terms under GAAP, have limitations as analytical tools and should not be considered either in isolation or as a substitute for net income (loss), cash flow or other methods of analyzing our results as reported under GAAP. Some of these limitations are:

Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as discretionary cash available to us to reinvest in the growth of our business or as measures of cash that will be available to us to meet our obligations.

“ADR” or “average daily rate” means hotel room revenues divided by total number of rooms sold in a given period.

“comparable hotels” means hotels that: (i) were active and operating in our system for at least one full calendar year as of the end of the applicable period and were active and operating as of January 1st of the previous year; and (ii) have not sustained substantial property damage, business interruption or for which comparable results are not available. Management uses comparable hotels as the basis upon which to evaluate ADR, occupancy, RevPAR and RevPAR Index on a system-wide basis and for each of our reportable segments.

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“occupancy” means the total number of rooms sold in a given period divided by the total number of rooms available at a hotel or group of hotels.

“RevPAR” or “revenue per available room” means the product of the ADR charged and the average daily occupancy achieved.

“RevPAR Index” measures a hotel’s fair market share of its competitive set’s revenue per available room. “system-wide” refers collectively to our owned, franchised and managed hotel portfolios.

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