Sec Form 4 Filing - Blackstone Real Estate Associates V L.P. @ La Quinta Holdings Inc. - 2015-04-02

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 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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1. Name and Address of Reporting Person Blackstone Real Estate Associates V 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 (MM/DD/YY) 04/02/2015 (Street) NEW YORK, NY10154 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/02/2015 S 1,198,106 D 13,539,310 I See Footnotes ( 2 ) ( 3 ) ( 18 ) ( 20 ) ( 21 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 164,977 D 1,864,344 I See Footnotes ( 2 ) ( 4 ) ( 19 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 93,169 D 1,052,872 I See Footnotes ( 2 ) ( 5 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 31,335 D 354,094 I See Footnotes ( 2 ) ( 6 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 12,678 D 143,262 I See Footnotes ( 2 ) ( 7 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stoc k 04/02/2015 S 33,759 D 381,502 I See Footnotes ( 2 ) ( 8 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 46,373 D 524,036 I See Footnotes ( 2 ) ( 9 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 53,816 D 608,156 I See Footnotes ( 2 ) ( 10 ) ( 20 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 15,780 D 178,324 I See Footnotes ( 2 ) ( 11 ) ( 22 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 539,029 D 6,091,344 I See Footnotes ( 2 ) ( 12 ) ( 21 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 136,369 D 1,541,053 I See Footnotes ( 2 ) ( 13 ) ( 21 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 194,120 D 2,193,670 I See Footnotes ( 2 ) ( 14 ) ( 21 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 498,730 D 5,635,931 I See Footnotes ( 2 ) ( 15 ) ( 21 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 15,626 D 176,582 I See Footnotes ( 2 ) ( 16 ) ( 21 ) ( 23 ) ( 24 ) ( 25 ) ( 26 ) Common Stock 04/02/2015 S 78,633 D 888,596 I See Footnotes ( 2 ) ( 17 ) ( 22 ) ( 23 ) ( 24 ) ( 25 ) ( 26 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Real Estate Associates V L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Partners (DC) IV.TE.3-A C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Partners V LP C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Partners V.F L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Partners V.TE.1 L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Partners V TE2 LP C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Partners (AIV) V L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Holdings V L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Associates IV L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Blackstone Real Estate Holdings IV L.P. C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK, NY10154 X Signatures BLACKSTONE REAL ESTATE PARTNERS (DC) IV.TE.3-A L.P., By: Blackstone Real Estate Associates IV L.P., its general partner, By: BREA IV L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE HOLDINGS IV L.P., By: BREP IV Side-by-Side GP L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE PARTNERS V L.P., By: Blackstone Real Estate Associates V L.P., its general partner, By: BREA V L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE PARTNERS V.F L.P., By: Blackstone Real Estate Associates V L.P., its general partner, By: BREA V L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE PARTNERS V.TE.1 L.P., By: Blackstone Real Estate Associates V L.P., its general partner, By: BREA V L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE PARTNERS V.TE.2 L.P, By: Blackstone Real Estate Associates V L.P., its general partner, By: BREA V L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE PARTNERS (AIV) V L.P., By: Blackstone Real Estate Associates V L.P., its general partner, By: BREA V L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE HOLDINGS V L.P., By: BREP V Side-by-Side GP L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE ASSOCIATES IV L.P., By: BREA IV L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date BLACKSTONE REAL ESTATE ASSOCIATES V L.P., By: BREA V L.L.C., its general partner, By: /s/ Anthony W. Beovich, Name: Anthony W. Beovich, Title: Managing Director 04/06/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These 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. ( 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, BRE/Prime Mezz 3-A L.L.C., BRE/Prime Holdings L.L.C., WIH Hotels L.L.C., BREA IV L.L.C., BREA V L.L.C., BREP V Side-by-Side GP L.L.C., BREP IV Side-by-Side GP L.L.C., Blackstone Holdings II L.P., Blackstone Holdings I/II GP Inc., The Blackstone Group L.P., Blackstone Group Management L.L.C. and Stephen A. Schwarzman 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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