IRVING, Texas, Dec. 2, 2014 — La Quinta Holdings Inc. (NYSE: LQ) today announced that Mit Shah has been appointed as Chairman of the Board.

"Mr. Shah has been an extremely valuable member of the Board, and we look forward to his leadership as Chairman," commented Wayne B. Goldberg, President & Chief Executive Officer of La Quinta. "He has significant expertise in the lodging industry and we are excited to further benefit from his experience and insights."

Mit Shah has served on the boards of directors of La Quinta and its predecessor entities since 2013. Mr. Shah currently serves as Chief Executive Officer and Senior Managing Principal of Noble Investment Group, which he founded in 1993 and which specializes in making opportunistic investments in the lodging and hospitality real estate sector. Mr. Shah also currently serves as president of the Marriott International's MINA board, is a member of the owner and franchise board for Hyatt Hotels Corporation and is a member of the Industry Real Estate Finance Advisory Council of the American Hotel and Lodging Association.