Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Blackstone Holdings II L.P.
  2. Issuer Name and Ticker or Trading Symbol
La Quinta Holdings Inc. [LQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
11/25/2014
(Street)

NEW YORK, NY 10154
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/25/2014   S   8,853,478 D $ 19.4 (1) 22,724,794 I See Footnotes (2) (3) (18) (20) (21) (23) (24) (25) (26)
Common Stock 11/25/2014   S   1,219,112 D $ 19.4 (1) 3,129,172 I See Footnotes (2) (4) (19) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   688,482 D $ 19.4 (1) 1,767,172 I See Footnotes (2) (5) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   231,546 D $ 19.4 (1) 594,323 I See Footnotes (2) (6) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   93,680 D $ 19.4 (1) 240,456 I See Footnotes (2) (7) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   249,468 D $ 19.4 (1) 640,324 I See Footnotes (2) (8) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   342,673 D $ 19.4 (1) 879,559 I See Footnotes (2) (9) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   397,679 D $ 19.4 (1) 1,020,748 I See Footnotes (2) (10) (20) (23) (24) (25) (26)
Common Stock 11/25/2014   S   116,607 D $ 19.4 (1) 299,304 I See Footnotes (2) (11) (22) (23) (24) (25) (26)
Common Stock 11/25/2014   S   3,983,186 D $ 19.4 (1) 10,223,900 I See Footnotes (2) (12) (21) (23) (24) (25) (26)
Common Stock 11/25/2014   S   1,007,709 D $ 19.4 (1) 2,586,550 I See Footnotes (2) (13) (21) (23) (24) (25) (26)
Common Stock 11/25/2014   S   1,434,461 D $ 19.4 (1) 3,681,924 I See Footnotes (2) (14) (21) (23) (24) (25) (26)
Common Stock 11/25/2014   S   3,685,388 D $ 19.4 (1) 9,459,521 I See Footnotes (2) (15) (21) (23) (24) (25) (26)
Common Stock 11/25/2014   S   115,469 D $ 19.4 (1) 296,381 I See Footnotes (2) (16) (21) (23) (24) (25) (26)
Common Stock 11/25/2014   S   581,062 D $ 19.4 (1) 1,491,448 I See Footnotes (2) (17) (22) (23) (24) (25) (26)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Blackstone Holdings II L.P.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BREA IV L.L.C.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BREA V L.L.C.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BREP IV Side-by-Side GP L.L.C.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BREP V Side-by-Side GP L.L.C.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Holdings I/II GP Inc
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Group L.P.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Group Management L.L.C.
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    
SCHWARZMAN STEPHEN A
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    

Signatures

 BREP IV SIDE-BY-SIDE GP L.L.C., By: /s/ John G. Finley , Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 BREP V SIDE-BY-SIDE GP L.L.C., By: /s/ John G. Finley , Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 BREA IV L.L.C., By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 BREA V L.L.C., By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 BLACKSTONE HOLDINGS II L.P., By: Blackstone Holdings I/II GP Inc., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 BLACKSTONE HOLDINGS I/II GP INC., By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 THE BLACKSTONE GROUP L.P., By: Blackstone Group Management L.L.C., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 BLACKSTONE GROUP MANAGEMENT L.L.C., By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer   11/26/2014
**Signature of Reporting Person Date

 /s/ STEPHEN A. SCHWARZMAN   11/26/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This amount represents the $20.00 public offering price per share of common stock, par value $0.01 per share ("Common Stock") of La Quinta Holdings Inc., less the underwriting discount of $0.60 per share of Common Stock.
(2) These shares represent shares of Common Stock that are directly held by the Blackstone Funds (as defined below).
(3) These securities are directly held by BRE/LQJV-NQ L.L.C. ("BRE-NQ").
(4) These securities are directly held by BRE/ Prime Mezz 2 L.L.C. ("BRE Prime").
(5) These securities are directly held by Blackstone Real Estate Partners IV L.P. ("BREP IV").
(6) These securities are directly held by Blackstone Real Estate Partners IV.F L.P. ("BREP IV F").
(7) These securities are directly held by Blackstone Real Estate Partners IV.TE.2 L.P. ("BREP IV TE.2").
(8) These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.1 L.P. ("BREPDC IV TE.1").
(9) These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.2 L.P. ("BREPDC IV TE.2").
(10) These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.3-A L.P. ("BREPDC IV TE.3").
(11) These securities are directly held by Blackstone Real Estate Holdings IV L.P. ("BREH IV").
(12) These securities are directly held by Blackstone Real Estate Partners V L.P. ("BREP V").
(13) These securities are directly held by Blackstone Real Estate Partners V.F L.P. ("BREP V F").
(14) These securities are directly held by Blackstone Real Estate Partners V.TE.1 L.P. ("BREP V TE.1").
(15) These securities are directly held by Blackstone Real Estate Partners V.TE.2 L.P. ("BREP V TE.2").
(16) These securities are directly held by Blackstone Real Estate Partners (AIV) V L.P. ("BREP AIV V").
(17) These 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").
(18) The managing members of BRE-NQ are BREP IV and BREP V.
(19) The 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.
(20) The 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.
(21) The 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.
(22) The 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.
(23) The 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.
(24) The 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.
(25) Information 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.
(26) Each 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.

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