Exhibit 99.1

FOR IMMEDIATE RELEASE

LA QUINTA HOLDINGS INC. REPORTS THIRD QUARTER 2017 RESULTS

 RevPAR Increased 2.9 percent; Franchise and other Fee-based Revenue Grew 9.4 percent

Company Reports Fifth Consecutive Quarter of Market Share Gains

IRVING, Texas (November 1, 2017) – La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) today reported results for the quarter ended September 30, 2017.

Third Quarter 2017 Highlights

Overview

“La Quinta’s third quarter results demonstrate the momentum we are building in our business, as we execute on our key strategic initiatives to deliver a consistent product, to consistently deliver an outstanding guest experience and to drive engagement with our brand.  We saw impressive gains in RevPAR and guest satisfaction scores this quarter, which resulted in our fifth consecutive quarter of market share gains,” said Keith A. Cline, President and Chief Executive Officer of La Quinta.  We completed the renovation of eight additional hotels in our repositioning program during the third quarter and continue to be encouraged by the positive response from our guests. We also added to a strong pipeline that will allow us to further expand our reach into new markets and take advantage of our unique growth opportunity in the industry.”

Mr. Cline continued, “Like many others in our industry, La Quinta was impacted by the devastation caused by Hurricanes Harvey and Irma. As of today, we still have eight owned and two franchised hotels closed and over 3,000 rooms out of service across Texas, Florida and Georgia.  We anticipate that these closures will have a meaningful impact on our owned hotel business in the fourth quarter.   Our teams are working diligently to get rooms back in service as quickly as possible.  I am so proud of our team members who continue to work tirelessly, despite their own personal situations, to serve our guests, help those in need and support their communities.”

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Financial Overview

For the third quarter of 2017, the Company grew system-wide comparable RevPAR 2.9 percent over the same period of 2016, driven by 5.0 percent growth in its franchise locations and 0.4 percent growth in its owned hotels. Excluding the impact of the owned hotels undergoing significant renovation as part of the repositioning effort, system-wide comparable RevPAR increased 4.0 percent in the third quarter. The Company grew franchise and other fee-based revenue 9.4 percent in the third quarter of 2017 over the prior year period and reported its fifth consecutive quarter of market share growth, as evidenced by a 147 basis point improvement in RevPAR index over the prior year period.

For the third quarter of 2017, the Company reported net income of $12.4 million and adjusted net income of $15.9 million. Net Income per Share was $0.11 and Adjusted Earnings per Share was $0.14.

Total Adjusted EBITDA for the third quarter of 2017 was $93.8 million. Total Adjusted EBITDA for the third quarter of 2017 as compared to the prior year quarter was affected by the sale of owned hotels in 2016 and early 2017.  These hotels contributed revenues of approximately $6.7 million and total Adjusted EBITDA of approximately $1.7 million in the third quarter of 2016, which did not recur in 2017. Total Adjusted EBITDA was also impacted by competitive wage pressures as well as an elevated presence of third-party booking agents in the Company’s channel mix as compared to the prior year.

Hurricanes Harvey and Irma had a meaningful impact on the Company’s business in the third quarter.  Due to the damage caused by the hurricanes, the Company currently has eight owned and two franchised hotels closed and over 3,000 rooms out of service.  The Company is working to reopen the hotels and to restore the out-of-order rooms to service as quickly as possible, but currently estimates that a portion of the rooms and several hotels could be closed for more than 90 days.

The Company expects to generate approximately $5 million less Adjusted EBITDA than it had previously projected in the fourth quarter of 2017 due to the impact of Hurricanes Harvey and Irma and is updating its guidance below to reflect these revised expectations.

The Company’s system-wide portfolio, as of September 30, 2017, is located across 48 states in the U.S., as well as in Canada, Mexico, Honduras and Colombia. The portfolio includes:

The results of operations for the Company for the three months ended September 30, 2017 and 2016 include the following highlights  ($ in thousands, except per share amounts):

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The results of operations for the Company for the nine months ended September 30, 2017 and 2016 include the following highlights ($ in thousands, except per share amounts):

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Development

During the third quarter of 2017, the Company opened a total of nine franchised hotels (over 700 rooms), excluding one temporary location, and terminated four franchised hotels, resulting in a net increase of six franchised hotels during the third quarter.  The elevated level of franchise terminations was in keeping with the Company’s overall strategy to drive consistency in its product. As of September 30, 2017, the Company had a pipeline of 252 franchised hotels totaling approximately 23,700 rooms, to be located in the United States, Mexico, Colombia, Nicaragua, Guatemala, Chile, and El Salvador.

Owned Hotel Portfolio

As of September 30, 2017, the Company had three hotels held for sale. During the third quarter of 2017, we closed on the sale of one hotel and entered into an agreement to sell an owned hotel located in Morrisville, North Carolina. In addition, during the third quarter, construction progressed on the portfolio of approximately 50 owned hotels which the Company believes have the opportunity to be repositioned upward within their markets in order to drive enhanced guest experience and revenue growth. Late in the second quarter and throughout the third quarter, several of these hotels emerged from construction and are currently being reintroduced to their markets as being significantly improved.

Balance Sheet and Liquidity

As of September 30, 2017, the Company had approximately $1.7 billion of outstanding indebtedness with a weighted average interest rate of approximately 4.4%, including the impact of an interest rate swap.  Total cash and cash equivalents was $180.0 million as of September 30, 2017.

Outlook

Based upon management’s current estimates, the Company is updating its guidance for the full year 2017:

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Please see the schedules to this press release for a reconciliation of Adjusted EBITDA to Adjusted Net Income (Loss) Attributable to La Quinta Holdings’ stockholders.  A reconciliation of Adjusted EBITDA to the closest GAAP financial measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to impairment charges, gains or losses on sales of assets, and other non-recurring items excluded from these non-GAAP financial measures.  For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results.

Webcast and Conference Call

The Company will host a conference call for investors and other interested parties beginning at 5:30 p.m. Eastern Time on Wednesday, November 1, 2017. The call may be accessed by dialing (844) 395-9252, or (478) 219-0505 for international participants, and enter passcode 97212983.  Participants may also access the live call via webcast by visiting the Company's 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.

The replay of the call will be available from approximately 8 a.m. Eastern Time on November 2, 2017 through midnight Eastern Time on November 9, 2017. To access the replay, the domestic dial-in number is (855) 859-2056, the international dial-in number is (404) 537-3406, and the passcode is 97212983. The archive of the webcast will be available on the Company's website for a limited time.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources, the outcome of the Company’s strategic initiatives and the potential separation of its businesses 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in the Company’s 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 the Company’s filings with the SEC. The Company undertakes 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

The Company refers to certain non-GAAP financial measures in this press release including Adjusted EBITDA, Adjusted EBITDA margins, Segment Adjusted EBITDA, Adjusted Net Income, Adjusted Operating Income and Adjusted Earnings Per Share. Please see the schedules to this press release for additional information and reconciliations of such non-GAAP financial measures for historical periods.

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 890 properties representing approximately 87,500 rooms located in 48 states in the U.S., and in Canada, Mexico, Honduras and Colombia. These properties operate under the La Quinta Inn & Suites™, La Quinta Inn™ and LQ Hotel™ brands. La Quinta’s team is committed to providing guests with a refreshing and engaging experience. For more information, please visit: www.LQ.com.

From time to time, La Quinta may use its website as a distribution channel of material company information. Financial and other important information regarding the Company is routinely accessible through and posted on its website at www.lq.com/investorrelations. In addition, you may automatically receive email alerts and other information about La Quinta when you enroll your email address by visiting the Email Notification section at www.lq.com/investorrelations.

Contacts:

Investor Relations Media

Kristin HaysTeresa Ferguson

214-492-6896214-492-6937  

investor.relations@laquinta.com  Teresa.Ferguson@laquinta.com

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LA QUINTA HOLDINGS INC.

BALANCE SHEETS

(in thousands, except share data)

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LA QUINTA HOLDINGS INC.

STATEMENTS OF OPERATIONS

(in thousands)

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RECONCILIATIONS

The tables below provide a reconciliation of EBITDA and Adjusted EBITDA to Net Income (Loss), a reconciliation of Adjusted Operating Income to Operating Income, a reconciliation of Adjusted Net Income and Adjusted Earnings Per Share to Net (Loss) Income and Earnings Per Share, and a reconciliation of Adjusted EBITDA to Adjusted Net Income with respect to the Company’s outlook. The Company believes this financial information provides meaningful supplemental information. The Company further believes the presentation of Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income and Adjusted Earnings Per Share provides meaningful information because it excludes the impact of certain special items and/or certain items that are not expected to have an ongoing effect on its operations. This represents how management views the business and reviews its operating performance. It is also used by management when publicly providing the business outlook.  

“EBITDA” and “Adjusted EBITDA.” Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is a commonly used measure in many industries. The Company adjusts EBITDA when evaluating its performance because the Company believes 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, provides useful supplemental information to management and investors regarding its ongoing operating performance. The Company believes that EBITDA and Adjusted EBITDA provide useful information to investors about it and its financial condition and results of operations for the following reasons: (i) EBITDA and Adjusted EBITDA are among the measures used by the Company’s management team to evaluate its 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 the Company’s 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 (loss) income, cash flow or other methods of analyzing the Company’s 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 the Company to reinvest in the growth of its business or as measures of cash that will be available to the Company to meet its obligations.

“Adjusted EBITDA margin” represents the ratio of Adjusted EBITDA to total revenues.

“Adjusted operating income (loss)” represents the Company’s reported operating income (loss), adjusted to exclude the impact of items not indicative of ongoing operating performance. Adjusted operating income (loss) is presented to provide additional perspective on underlying trends in the Company’s operating results.

“Adjusted Net Income” and “Adjusted Earnings Per Share” are not recognized terms under U.S. GAAP and should not be considered as alternatives to net income (loss), earnings per share, or other measures of financial performance or liquidity derived in accordance with U.S. GAAP. In addition, the Company’s definitions of Adjusted Net Income and Adjusted Earnings Per Share may not be comparable to similarly titled measures of other companies.

Adjusted Net Income and Adjusted Earnings Per Share are included to assist investors in performing meaningful comparisons of past, present and future operating results and as a means of highlighting the results of the Company’s ongoing operations in a comparable format.

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ADJUSTED EBITDA NON-GAAP RECONCILIATION

(unaudited, in thousands)

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SEGMENT REVENUES AND ADJUSTED EBITDA RECONCILIATION

(unaudited, in thousands)

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ADJUSTED OPERATING INCOME NON-GAAP RECONCILIATION

(unaudited, in thousands)

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ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE

NON-GAAP RECONCILIATION

(unaudited, in thousands, except per share data)

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ADJUSTED EBITDA NON-GAAP RECONCILIATION

OUTLOOK: FORECASTED 2017

(unaudited, in thousands)

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LA QUINTA HOLDINGS INC.

CERTAIN DEFINED TERMS

“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: were active and operating in the Company’s 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; except for (i) hotels that sustained substantial property damage or other business interruption, (ii) owned hotels that become subject to a purchase and sale agreement, or (iii) hotels in which comparable results are otherwise 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 the Company’s reportable segments.

“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 the Company’s owned, franchised and managed hotel portfolios.

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