La Quinta Inactive 10-Q23 Oct 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 17, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'LQ	'
Entity Registrant Name	'LA QUINTA HOLDINGS INC.	'
Entity Central Index Key	'0001594617	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	130,722,563

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$108,488	$33,412
Restricted cash	'	97,126
Accounts receivable, net of allowance for doubtful accounts of $5,217 and $4,369	38,286	32,678
Receivables from affiliates	'	11,181
Assets held for sale	'	7,332
Deferred tax assets	5,665	'
Other current assets	10,925	17,087
Total Current Assets	163,364	198,816
Property and equipment, net of accumulated depreciation	2,857,128	2,761,457
Intangible assets, net of accumulated amortization	179,768	179,486
Deferred costs, net of accumulated amortization	29,318	10,153
Restricted cash	'	6,900
Deferred tax assets	'	3,008
Other non-current assets	11,527	10,014
Total Non-Current Assets	3,077,741	2,971,018
Total Assets	3,241,105	3,169,834
Current Liabilities:	'	'
Current portion of long-term debt	19,450	2,720,286
Accounts payable	23,038	30,490
Payable to affiliates	1,022	'
Accrued expenses and other liabilities	70,700	53,571
Accrued payroll and employee benefits	31,925	26,302
Accrued real estate taxes	23,582	19,577
Total Current Liabilities	169,717	2,850,226
Long-term debt	1,910,756	'
Other long-term liabilities	19,425	13,947
Deferred tax liabilities	342,689	408
Total Liabilities	2,442,587	2,864,581
Commitments and Contingencies	'	'
Equity:	'	'
Preferred Stock, $0.01 par value; 100,000,000 shares authorized and none outstanding as of September 30, 2014	'	'
Common Stock, $0.01 par value; 2,000,000,000 shares authorized as of September 30, 2014, 130,778,665 shares issued and 130,722,563 shares outstanding as of September 30, 2014	1,307	'
Additional paid-in-capital	1,111,410	'
Accumulated deficit	-316,890	'
Treasury stock at cost, 56,102 shares as of September 30, 2014	-943	'
Accumulated other comprehensive income	582	'
Members' equity	'	319,096
Noncontrolling interests	3,052	-13,843
Total Equity	798,518	305,253
Total Liabilities and Equity	$3,241,105	$3,169,834

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Allowance for doubtful accounts	$5,217	$4,369
Preferred Stock, par value	$0.01	'
Preferred Stock, shares authorized	100,000,000	'
Preferred Stock, shares outstanding	0	'
Common Stock, par value	$0.01	'
Common Stock, shares authorized	2,000,000,000	'
Common Stock, shares issued	130,778,665	'
Common Stock, shares outstanding	130,722,563	'
Treasury stock, shares	56,102	'

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES:	'	'	'	'
Room revenues	$234,658	$205,741	$649,181	$585,294
Franchise and other fee-based revenues	25,224	22,226	68,215	59,846
Other hotel revenues	5,078	4,657	14,809	13,650
Revenue from leased and owned hotels	264,960	232,624	732,205	658,790
Brand marketing fund revenues from franchise and managed properties	6,158	5,411	16,511	14,594
Total Revenues	271,118	238,035	748,716	673,384
OPERATING EXPENSES:	'	'	'	'
Direct lodging expenses	101,076	91,567	285,430	264,208
Depreciation and amortization	45,086	41,484	129,948	122,694
General and administrative expenses	32,251	12,989	100,863	49,724
Other lodging and operating expenses	15,589	13,346	46,124	39,666
Marketing, promotional and other advertising expenses	16,639	21,560	50,170	54,226
Impairment loss	'	0	5,157	0
Operating expenses	210,641	180,946	617,692	530,518
Brand marketing fund expenses from franchise and managed properties	6,158	5,411	16,511	14,594
Total Operating Expenses	216,799	186,357	634,203	545,112
Operating Income	54,319	51,678	114,513	128,272
OTHER INCOME (EXPENSES):	'	'	'	'
Interest expense, net	-24,495	-38,228	-97,260	-110,746
Loss on extinguishment of debt, net	'	'	-2,030	'
Other income (loss)	-795	591	-1,096	1,057
Total Other Income (Expenses)	-25,290	-37,637	-100,386	-109,689
Income from Continuing Operations Before Income Taxes	29,029	14,041	14,127	18,583
Income tax provision	-16,162	-1,006	-21,860	-2,526
Recognition of net deferred tax liabilities upon C-corporation conversion	'	'	-321,054	'
Net Income (Loss) from Continuing Operations, net of tax	12,867	13,035	-328,787	16,057
Income (Loss) on Discontinued Operations, net of tax	'	9,941	-503	-6,303
NET INCOME (LOSS)	12,867	22,976	-329,290	9,754
Income from noncontrolling interests in continuing operations	-50	-406	-3,814	-1,106
Income from noncontrolling interests in discontinued operations	'	'	'	'
Net income attributable to noncontrolling interests	-50	-406	-3,814	-1,106
Amounts attributable to La Quinta Holdings' stockholders	'	'	'	'
Income (loss) from continuing operations	12,817	12,629	-332,601	14,951
Income (loss) from discontinued operations	'	9,941	-503	-6,303
Net Income (Loss) attributable to La Quinta Holdings' stockholders	$12,817	$22,570	($333,104)	$8,648
Earnings per share:	'	'	'	'
Basic and diluted	$0.10	$0.19	($2.65)	$0.07

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income (loss)	$12,867	$22,976	($329,290)	$9,754
Cash flow hedge adjustment, net of tax	3,118	'	582	'
COMPREHENSIVE NET INCOME (LOSS)	15,985	22,976	-328,708	9,754
Comprehensive net (income) loss attributable to noncontrolling interests	-50	-406	-3,814	-1,106
Comprehensive net income (loss) attributable to La Quinta Holdings' stockholders	$15,935	$22,570	($332,522)	$8,648

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interests [Member]	Member's Equity [Member]
In Thousands, except Share data	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interests [Member]	Member's Equity [Member]
Beginning Balance at Dec. 31, 2012	$303,385	'	'	'	'	'	($11,870)	$315,255
Net income (loss)	9,754	'	'	'	'	'	1,106	8,648
Distributions	-594	'	'	'	'	'	-459	-135
Ending Balance at Sep. 30, 2013	312,545	'	'	'	'	'	-11,223	323,768
Beginning Balance at Dec. 31, 2013	305,253	'	'	'	'	'	-13,843	319,096
Net income (loss)	-329,290	'	'	'	-316,890	'	3,814	-16,214
Capital contributions	21,516	'	'	'	'	'	'	21,516
Distributions	-4,504	'	'	'	'	'	-4,398	-106
Issuance of common stock	693,221	440	'	692,781	'	'	'	'
Issuance of common stock, shares	'	43,987,500	'	'	'	'	'	'
Equity based compensation	39,578	44	'	39,534	'	'	'	'
Equity based compensation, shares	'	4,434,867	'	'	'	'	'	'
Repurchase of common stock	-944	-1	-943	'	'	'	'	'
Repurchase of common stock, shares	'	-56,102	'	'	'	'	'	'
Acquisitions	73,106	44	'	73,062	'	'	'	'
Acquisitions, shares	'	4,348,284	'	'	'	'	'	'
Cash flow hedge adjustment, net of tax	582	'	'	'	'	582	'	'
La Quinta Predecessor Entities reorganization	'	780	'	306,033	'	'	17,479	-324,292
La Quinta Predecessor Entities reorganization, shares	'	78,008,014	'	'	'	'	'	'
Ending Balance at Sep. 30, 2014	$798,518	$1,307	($943)	$1,111,410	($316,890)	$582	$3,052	'
Ending Balance, shares at Sep. 30, 2014	'	130,722,563	'	'	'	'	'	'

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss)	($329,290)	$9,754
Adjustment to reconcile net income (loss) to net cash provided by operating activities:	'	'
Depreciation and amortization	129,568	127,289
Amortization of other non-current assets	736	630
Amortization of intangible assets	807	901
Loss on extinguishment of debt, net	2,030	'
Interest expense added to long-term debt	18,601	39,525
Amortization of long-term debt reduction	-1,532	-3,446
Gain related to casualty disasters	-1,125	-1,254
Write off of deferred incentive costs	'	27
Amortization of leasehold interests	-427	-449
Amortization of deferred costs	6,807	7,028
Loss on sale or retirement of assets	'	47
Gain on sale from discontinued operations	'	-7,694
Impairment loss	5,308	19,913
Equity based compensation	39,578	'
Deferred income taxes	18,257	24
Recognition of net deferred tax liabilities upon C-corporation conversion	321,054	'
Loss on interest rate caps	'	135
Provision for doubtful accounts	1,556	1,385
Changes in assets and liabilities:	'	'
Accounts receivable	-5,675	-7,693
Other current assets	3,066	809
Receivables from / payable to affiliates	1,298	-2,343
Other non-current assets	-285	-356
Accounts payable	-8,391	-5,052
Accrued payroll and employee benefits	5,623	10,078
Accrued real estate taxes	4,005	1,571
Accrued expenses and other liabilities	15,241	1,027
Other long-term liabilities	868	1,163
Net cash provided by operating activities	227,678	193,019
Cash flows from investing activities:	'	'
Acquisitions, net of cash acquired	-77,667	'
Capital expenditures	-65,832	-82,979
Decrease (increase) in restricted cash	103,026	-23,189
Decrease in other non-current assets	382	'
Insurance proceeds on casualty disasters	997	2,808
Purchase of intangible assets, net	'	-103
Payment of franchise incentives	-400	-700
Proceeds from sale of assets	7,053	65,296
Net cash used in investing activities	-32,441	-38,867
Cash flows from financing activities:	'	'
Proceeds from long-term debt	2,100,000	'
Repayment of long-term debt	-2,896,452	-136,301
Payment of deferred costs	-27,255	-8,981
Payment of original issue discount	-10,500	'
Proceeds from issuance of common stock, net	697,978	'
Purchase of treasury stock	-944	'
Investment in interest rate caps	'	-135
Distributions to members	-106	-135
Distributions to noncontrolling interests	-4,398	-459
Capital contributions	21,516	'
Net cash used in financing activities	-120,161	-146,011
Increase in cash and cash equivalents	75,076	8,141
Cash and cash equivalents at the beginning of the period	33,412	40,813
Cash and cash equivalents at the end of the period	108,488	48,954
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Interest paid during the period	78,838	68,355
Income taxes paid during the period, net of refunds	3,733	2,754
SUPPLEMENTAL NON-CASH DISCLOSURE:	'	'
Capital expenditures included in accounts payable	2,166	920
Deferred costs included in proceeds from issuance of common stock	4,757	'
Cash flow hedge adjustment, net of tax	582	'
Receivable for capital assets damaged by casualty disasters	$1,574	$2,127

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Sep. 30, 2014
Accounting Policies [Abstract]	'
Organization and Basis of Presentation	'

	NOTE 1. ORGANIZATION AND BASIS OF PRESENTATION

	Organization

	Effective April 14, 2014 (the “IPO Effective Date”), La Quinta Holdings Inc. (“Holdings”) completed its initial public offering (“IPO”) in which Holdings issued and sold 44.0 million shares of common stock at an initial public offering price of $17.00 per share. Holdings was incorporated in the state of Delaware on December 9, 2013 and, prior to the IPO Effective Date, had no operations. In connection with the IPO, we completed certain transactions including, among others, refinancing our existing debt, acquiring 14 previously managed hotels (the “Previously Managed Hotels”), and contributing the La Quinta Predecessor Entities (as defined below) into Holdings, which resulted in the La Quinta Predecessor Entities becoming owned by a “C” corporation for federal income tax purposes.

	Lodge Holdco I L.L.C. (“Holdco I”) and Lodge Holdco II L.L.C. (“Holdco II”), each a Delaware limited liability company, were formed on January 4, 2006. Lodge Holdco III L.L.C. (“Holdco III”), a Delaware limited liability company, was formed March 17, 2006. We refer collectively to Holdco I, Holdco II, and Holdco III as the “La Quinta Predecessor Entities”. Since those dates and prior to the completion of our IPO, the La Quinta Predecessor Entities were owned and controlled by Blackstone Real Estate Partners IV L.P. and affiliates (“BREP IV”) and Blackstone Real Estate Partners V L.P. and affiliates (“BREP V”). BREP IV and BREP V are affiliates of The Blackstone Group L.P. (collectivity, the “Funds” or “Blackstone”).

	As it pertains to the periods prior to completion of our IPO, the accompanying condensed consolidated financial statements include the accounts of each of the La Quinta Predecessor Entities, and all related wholly and majority owned subsidiaries and consolidated Variable Interest Entities (“VIE”). For these periods, the La Quinta Predecessor Entities have been presented on a combined historical basis due to their prior common ownership and control. In connection with the IPO, the Funds and other pre-IPO owners contributed their equity interests in the La Quinta Predecessor Entities to Holdings in exchange for an aggregate of 81.06 million shares of common stock of Holdings. Holdings then transferred such equity interests to its wholly-owned subsidiary which pledged these interests as security for borrowings under a new credit agreement. As a result, as it pertains to the period subsequent to completion of our IPO, the accompanying condensed consolidated financial statements also include the accounts of Holdings, the Previously Managed Hotels, and all other wholly and majority owned subsidiaries created in connection with the IPO. The combined or consolidated entity presented may also be referred to herein as “La Quinta”, “we”, “us”, “our”, or the “Company”, as the context requires, when we refer to our historical operations and financial performance.

	We own and operate hotels, some of which are subject to a land lease, located in the United States under the La Quinta and, through August 8, 2013, the Baymont brands. We also franchise and, until the acquisition of the Previously Managed Hotels upon completion of our IPO, managed hotels under the La Quinta brand, with franchised hotels currently operating in the United States (“US”), Canada, and Mexico. As of September 30, 2014 and 2013, total owned, franchised, and managed hotels, and the approximate number of associated rooms were as follows:





			September 30, 2014				September 30, 2013
			# of hotels		# of rooms		# of hotels		# of rooms
	Owned (1)			352		44,800		355		45,200
	Joint Venture			1		200		1		200
	Previously Managed Hotels (2)			—		—		14		1,700
	Franchised			501		40,500		466		37,300

	Totals			854		85,500		836		84,400



	(1)	See discussion of discontinued operations in Note 3.
	(2)	These hotels were, as of September 30, 2013, owned by affiliates of the Funds. On April 14, 2014, these hotels were acquired by Holdco III. (See Notes 4 and 9)

	Basis of Presentation and Use of Estimates

	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements. Although we believe the disclosures made are adequate to prevent the information presented from being misleading, these financial statements should be read in conjunction with the La Quinta Predecessor Entities combined financial statements and notes thereto for the years ended December 31, 2013, 2012, and 2011, which are included in our prospectus, dated April 8, 2014, filed by Holdings with the Securities and Exchange Commission on April 9, 2014. All intercompany transactions have been eliminated. In our opinion, the accompanying condensed consolidated financial statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and, accordingly, ultimate results could differ from those estimates. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations.

	Effective April 14, 2014, Holdings’ wholly owned subsidiary, La Quinta Intermediate Holdings L.L.C., acquired 100% of the ownership interests of LQ Management L.L.C. (“ LQM”) for $0.8 million in cash. Prior to April 14, 2014, LQM was a VIE, in which the La Quinta Predecessor Entities had a significant variable financial interest, and were the primary beneficiary. LQM received no member or other capital contribution, or equity investment upon formation or thereafter. LQM’s sole purpose is to manage all of our day-to-day operations, as well as to provide, prior to the IPO, day to day management of the Previously Managed Hotels. In return for providing these management services, we and, prior to the IPO, the Previously Managed Hotels pay LQM a management fee and reimburse LQM for costs incurred on our behalf, and, prior to the IPO, on behalf of the Previously Managed Hotels, in accordance with management and service agreements in place prior to the IPO. The La Quinta Predecessor Entities were the primary beneficiary of LQM as the management and service agreements in place provided for the La Quinta Predecessor Entities to reimburse LQM for its expenses in a manner that allowed LQM to realize a reasonable profit. We have not provided financial or other support to LQM during the periods presented that we were not contractually required to provide, and LQM’s agreements with its vendors are structured as non-recourse to our general credit. On April 14, 2014, LQM became a wholly owned subsidiary of Holdings and, as a result, is no longer a VIE.

	As of December 31, 2013, LQM’s assets and liabilities were as follows (in thousands):



	Cash and cash equivalents		$	2,609
	Restricted cash			6,700
	Receivables from affiliates			49,027
	Other current assets			4,472
	Property and equipment, net			21,005
	Intangible assets, net			347
	Accounts payable			25,259
	Accrued expenses and other liabilities			25,670
	Accrued payroll and employee benefits			26,052
	Capital lease obligation (related party)			23,852

Significant_Accounting_Policie

Significant Accounting Policies and Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies and Recently Issued Accounting Standards	'

	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ISSUED ACCOUNTING STANDARDS

	Revenue Recognition — Revenues primarily consist of room rentals, franchise fees and other hotel revenues. We defer a portion of our revenue from franchisees at the time the franchise agreement is signed and recognize the remainder upon hotel opening.

	Room revenues are derived from room rentals at our owned hotels. We recognize room revenue on a daily basis based on an agreed-upon daily rate after the guest has stayed at one of our hotels. Customer incentive discounts, cash rebates, and refunds are recognized as a reduction of room revenues. Occupancy, hotel, and sales taxes collected from customers and remitted to the taxing authorities are excluded from revenues in the accompanying condensed consolidated statements of operations.

	Included in franchise and other fee-based revenues are franchise fee revenues, which primarily consist of revenues from franchisees for application and initial fees, royalty, reservations, and training, as well as fees related to our guest loyalty program (“Returns”). We recognize franchise fee revenue on a gross basis because we (1) are the primary obligor in these arrangements, (2) have latitude in establishing rates, (3) perform the services delivered, (4) have some discretion over supplier selection, and (5) determine the specification of services delivered. The different types of franchise fee revenues are described as follows:


		•	Upon execution of a franchise agreement, a franchisee is required to pay us an initial fee. We recognize the initial fee as revenue when substantial performance of our obligations to the franchisee with respect to the initial fee has been achieved. In most cases, the vast majority of the initial fee is recognized as revenue when each franchise agreement is signed as, after that date, our remaining obligations to the franchisee are limited to (1) pre-opening inspections, for which we defer $2,500, and (2) if mandated by us or agreed to with the franchisee, preopening training and marketing support related to entry into the La Quinta brand, for which we defer $5,000. These amounts represent an estimate of the value provided to the franchisee related to the services provided, and are based on our experience with time, materials, and third-party costs necessary to provide these services. We recognize the remaining deferred initial fee as revenue when the franchised property opens as the remaining service obligations have been fulfilled.


		•	For franchise agreements entered into prior to April 1, 2013, we collect a monthly royalty fee from franchisees generally equal to 4.0% of their room revenues until the franchisee has operated as a La Quinta hotel for twenty-four consecutive months. Beginning in the twenty-fifth month of operation, the franchisee monthly royalty fee increases to 4.5%. Pursuant to franchise agreements entered into with new US franchisees on or after April 1, 2013, we collect a royalty fee from franchisees equal to 4.5% of their room revenues until the franchisee has operated as a La Quinta hotel for twenty-four consecutive months. Beginning in the twenty-fifth month of operation, the franchisee monthly royalty fee increases to 5.0%. In each of these cases, the franchisee has the opportunity to earn the additional 0.5% back via rebate by achieving certain defined customer satisfaction results. Pursuant to franchise agreements entered into with franchisees outside of the US on or after April 1, 2013, we generally collect a royalty fee from franchisees equal to 4.5% of their room revenues throughout the term.


		•	We receive reservation and technology fees, as well as fees related to Returns, in connection with franchising our La Quinta brand. Such fees are recognized based on a percentage of the franchisee’s eligible hotel room revenues or room count. We also perform certain other services for franchisees such as training and revenue management. Revenue for these services is recognized at the time the services are performed.

	Included in franchise and other fee-based revenues are management fees of approximately $0.5 million for the three months ended September 30, 2013, and approximately $0.7 million and $1.7 million for the nine months ended September 30, 2014 and 2013, respectively, which represent fees earned from the Previously Managed Hotels, prior to their acquisition on April 14, 2014. Management fees from hotels include a base fee, which is generally a percentage of hotel revenues. (See Note 9)

	Other hotel revenues include revenues generated by the incidental support of hotel operations for owned hotels and other rental income. We record rental income from operating leases associated with leasing space for restaurants, billboards, and cell towers. Rental income is recognized on a straight-line basis over the life of the respective lease agreement.

	Brand marketing fund revenues from franchise and managed properties represent fees collected from franchised and managed hotels related to maintaining our Brand Marketing Fund (“BMF”). We maintain the BMF on behalf of all La Quinta branded hotel properties, including our owned hotels, from which national marketing and advertising campaign expenses are paid. Each La Quinta branded hotel is charged a percentage of its room revenue from which the expenses of the fund are covered. The corresponding expenditures of the BMF fees collected from franchised and managed hotels are presented as brand marketing fund expenses from franchised and managed hotels in our condensed consolidated statements of operations, resulting in no net impact to operating income or net loss.

	Lodging operations are particularly sensitive to adverse economic and competitive conditions and trends, which could adversely affect the Company’s business, financial condition, and results of operations.

	Derivative Instruments— We use derivative instruments as part of our overall strategy to manage our exposure to market risks associated with fluctuations in interest rates. We regularly monitor the financial stability and credit standing of the counterparties to our derivative instruments. We do not enter into derivative financial instruments for trading or speculative purposes.

	We record all derivatives at fair value. On the date the derivative contract is entered, we designate the derivative as one of the following: a hedge of a forecasted transaction or the variability of cash flows to be paid (“cash flow hedge”), a hedge of the fair value of a recognized asset or liability (“fair value hedge”), or an undesignated hedge instrument. Changes in the fair value of a derivative that is qualified, designated and highly effective as a cash flow hedge or net investment hedge are recorded in the condensed consolidated statements of comprehensive income (loss) until they are reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Changes in the fair value of a derivative that is qualified, designated and highly effective as a fair value hedge, along with the gain or loss on the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of undesignated derivative instruments and the ineffective portion of designated derivative instruments are reported in current period earnings. Cash flows from designated derivative financial instruments are classified within the same category as the item being hedged in the condensed consolidated statements of cash flows.

	If we determine that we qualify for and will designate a derivative as a hedging instrument at the designation date, we formally document all relationships between hedging activities, including the risk management objective and strategy for undertaking various hedge transactions. This process includes matching all derivatives that are designated as cash flow hedges to specific forecasted transactions, linking all derivatives designated as fair value hedges to specific assets and liabilities in our condensed consolidated balance sheets, and determining the foreign currency exposure of net investment of the foreign operation for a net investment hedge.



	On a quarterly basis, we assess the effectiveness of our designated hedges in offsetting the variability in the cash flows or fair values of the hedged assets or obligations via use of a statistical regression approach. Additionally, we measure ineffectiveness using the hypothetical derivative method. This method compares the cumulative change in fair value of each hedging instrument to the cumulative change in fair value of a hypothetical hedging instrument, which has terms that identically match the critical terms of the respective hedged transactions. Thus, the hypothetical hedging instrument is presumed to perfectly offset the hedged cash flows. Ineffectiveness results when the cumulative change in the fair value of the hedging instrument exceeds the cumulative change in the fair value of the hypothetical hedging instrument. We discontinue hedge accounting prospectively when the derivative is not highly effective as a hedge, the underlying hedged transaction is no longer probable, or the hedging instrument expires, is sold, terminated or exercised.

	Equity Based Compensation— We recognize the cost of services received in an equity based payment transaction with an employee as services are received and record either a corresponding increase in equity or a liability, depending on whether the instruments granted satisfy the equity or liability classification criteria.

	The measurement objective for these equity awards is the estimated fair value at the grant date of the equity instruments that we are obligated to issue when employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. The compensation cost for an award classified as an equity instrument is recognized ratably over the requisite service period, including an estimate of forfeitures. The requisite service period is the period during which an employee is required to provide service in exchange for an award.

	Compensation cost for awards with performance conditions is recognized over the requisite service period if it is probable that the performance condition will be satisfied. If such performance conditions are not considered probable until they occur, no compensation expense for these awards is recognized.

	Income Taxes — The accompanying condensed consolidated financial statements include taxable entities, limited liability companies, and, through April 14, 2014, REIT entities. Limited liability companies and REITs generally are not subject to federal income taxes at the entity level. For our taxable subsidiaries, we account for income taxes using the asset and liability approach for financial accounting and reporting purposes. For financial reporting purposes, income tax expense or benefit is based on reported financial accounting income or loss before non-controlling interests and income taxes related to our taxable subsidiaries. Deferred tax assets and liabilities reflect the temporary differences between assets and liabilities recognized for financial reporting and the analogous amounts recognized for tax purposes using the statutory tax rates expected to be in effect for the year in which the differences are expected to reverse, within the taxable subsidiaries.

	Prior to the IPO, certain of our subsidiaries had elected to be treated as REITs for federal income tax purposes under the United States Internal Revenue Code. To qualify as REITs, these subsidiaries had to meet all of the required organizational and operational requirements, including a requirement that the REIT distribute at least 90% of its regular taxable income to its shareholders as dividends eligible for the dividends paid deduction. As of April 14, 2014, the REIT subsidiaries adhered to these requirements. If the REIT subsidiaries fail to qualify as REITs in any taxable year, they would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and might not qualify as REITs for the four subsequent taxable years. For this reason, one of our REITs formed taxable subsidiaries to hold certain assets that could otherwise adversely affect its REIT status. These taxable subsidiaries are subject to federal and state income taxes.

	On April 14, 2014, the La Quinta Predecessor Entities were contributed to Holdings, a “C” corporation, the shares of capital stock held by third-party shareholders of our REIT entities were redeemed for cash totaling approximately $3.9 million, and our REITs were converted into limited liability companies. As a result of these transactions, we have become subject to additional entity-level taxes and, as of April 14, 2014, we recorded a one-time net deferred tax expense of $321.1 million, which reflects the establishment of the associated net deferred tax liability.

	Newly Issued Accounting Standards

	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08. Under the new guidance, only a disposal of a component that represents a major strategic shift of an organization qualifies for discontinued operations reporting. The guidance also requires expanded disclosures about discontinued operations and new disclosures in regards to individually significant disposals that do not qualify for discontinued operations reporting. This guidance is effective for the first interim or annual period beginning on or after December 15, 2014. Early adoption is permitted, but only for disposals that have not been reported in previously-issued financial statements. We are currently evaluating the impact this guidance will have on our financial statements when adopted.



	In May 2014, FASB issued ASU No. 2014-09. The new guidance on revenue from contracts with customers will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective for the interim and annual periods beginning on or after December 15, 2016; early adoption is not permitted. The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and are currently evaluating the impact of the amended guidance on our consolidated financial position, results of operations and related disclosures.

	In June 2014, FASB issued ASU No. 2014-12. The new guidance requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The guidance is effective for the interim and annual periods beginning on or after December 15, 2015; early adoption is permitted. We do not anticipate that the adoption of this standard will have a material impact on our financial position, results of operations and related disclosures.

	In August 2014, FASB issued ASU No. 2014-15. The new guidance establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles in U.S. auditing standards. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued or available to be issued. It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans and requires an express statement and other disclosures when substantial doubt is not alleviated. The guidance is effective for the interim and annual periods beginning on or after December 15, 2016; early adoption is permitted. We do not anticipate that the adoption of this standard will have a material impact on our financial position, results of operations and related disclosures.

	Newly Adopted Accounting Standards

	In July 2013, FASB issued ASU No. 2013-11. This ASU provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists in the applicable jurisdiction to settle any additional income taxes that would result from disallowance of the tax position. We adopted ASU 2013-11 prospectively as of January 1, 2014. The adoption of this ASU did not have a material impact on our financial condition, results of operations, cash flows, or disclosures.

From time to time, new accounting standards are issued by FASB or other standards setting bodies, which we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of recently issued standards that are not yet effective will not have a material impact on our consolidated financial statements upon adoption.

Assets_Held_for_Sale_and_Disco

Assets Held for Sale and Discontinued Operations	9 Months Ended
Assets Held for Sale and Discontinued Operations	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Assets Held for Sale and Discontinued Operations	'

	NOTE 3. ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

	During the second quarter of 2013, 44 of our hotels, including all 11 of our Baymont-branded hotels, were classified as assets held for sale, and the results of their operations have accordingly been presented within discontinued operations for all periods presented in the accompanying condensed consolidated statements of operations.

	During the third and fourth quarters of 2013, 40 of these hotels, including all of the Baymont-branded hotels, were sold. The four remaining hotels were reflected in the accompanying condensed consolidated balance sheet as assets held for sale.



	As of December 31, 2013, the carrying amounts of the major classes of assets for the assets held for sale were as follows:





		December 31,
		2013
		(in thousands)
	Current assets	$	118
	Property and equipment, net		7,134
	Other non-current assets		80

	Total assets	$	7,332




	On February 6, 2014, the four remaining hotels were sold. In accordance with the terms of our loan agreements existing at the time of such sale, all proceeds associated with the sale of these hotels were used to make principal payments on our long-term debt.

	The following table summarizes the operating results of the discontinued operations:





		For the three months				For the nine months
		ended September 30,				ended September 30,
		2014		2013		2014			2013
		(in thousands)
	Hotel revenues	$	—	$	9,647	$	361		$	38,128
	Direct lodging expenses		—		6,190		651			23,329
	Other lodging and operating expenses		—		1,210		62			3,836

	Operating income (loss)		—		2,247		(352	)		10,963
	Depreciation and amortization		—		—		—			(5,047	)
	Impairment loss		—		—		(151	)		(19,913	)
	Gain on sale from discontinued operations		—		7,694		—			7,694

	Income (loss) on discontinued operations, net of tax	$	—	$	9,941	$	(503	)	$	(6,303	)

Acquisitions

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	NOTE 4. ACQUISITIONS
	In connection with the acquisitions described below, we record the assets acquired and liabilities assumed at fair value as of the acquisition date. Furthermore, acquisition-related costs, such as due diligence, legal and accounting fees, are expensed in the period incurred and are not capitalized or applied in determining the fair value of the acquired assets.
	Acquisition of the Previously Managed Hotels and LQ Management L.L.C.
	On April 14, 2014, we acquired BRE/Prime Mezz L.L.C. and BRE/Wellesley Properties L.L.C., which owned the Previously Managed Hotels, for a purchase price of $161.7 million. Total net consideration paid was $150.8 million, which equals the total purchase price of $161.7 million less $10.9 million owed by the parent of BRE/Prime Mezz L.L.C. and BRE/Wellesley Properties L.L.C. to the La Quinta Predecessor Entities. The total net consideration was paid in the form of $76.9 million of cash and $73.9 million of equity in the form of common stock of Holdings. Of the total $161.7 million purchase price, significant assets acquired consist of $166.5 million of property and equipment and $1.4 million in intangible assets for favorable leasehold interests. Other significant long term liabilities acquired include unfavorable leasehold interests of $5.3 million. Additionally on April 14, 2014, we acquired 100% of the ownership interests of LQM for $0.8 million in cash.
	The following unaudited pro forma results of operations reflect our results as if the acquisition of the Previously Managed Hotels had occurred on January 1, 2013. In our opinion, all significant adjustments necessary to reflect the effects of the acquisitions have been made (in thousands, except per share data):


		For the three months				For the nine months
		ended September 30,				ended September 30,
		2014		2013		2014			2013
		(in thousands)
	Total revenues	$	271,118	$	246,488	$	760,636		$	700,417
	Net income (loss) attributable to La Quinta Holdings’ stockholders		12,836		24,156		(329,525	)		13,975
	Basic and diluted earnings per share		0.1		0.2		(2.62	)		0.11

Property_and_Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property and Equipment	'

	NOTE 5. PROPERTY AND EQUIPMENT

	The following is a summary of property and equipment as of September 30, 2014 and December 31, 2013:



		September 30,			December 31,
		2014			2013
		(in thousands)
	Land	$	836,525		$	808,960
	Buildings and improvements		2,781,783			2,635,651
	Furniture, fixtures, equipment and other		413,110			369,235

	Total property and equipment		4,031,418			3,813,846
	Less accumulated depreciation		(1,177,356	)		(1,053,910	)

	Property and equipment, net		2,854,062			2,759,936
	Construction in progress		3,066			1,521

	Total property and equipment, net of accumulated depreciation	$	2,857,128		$	2,761,457


	Depreciation and amortization expense related to property and equipment was $43.1 million and $39.6 million for the three months ended September 30, 2014 and 2013, respectively. Depreciation and amortization expense related to property and equipment was $124.1 million and $121.7 million for the nine months ended September 30, 2014 and 2013, respectively. Construction in progress includes capitalized costs for ongoing projects that have not yet been put into service.

LongTerm_Debt

Long-Term Debt	9 Months Ended
Long-Term Debt	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt	'

	NOTE 6. LONG-TERM DEBT

	Long-term debt as of September 30, 2014 and December 31, 2013 was as follows:



			September 30,			December 31,
			2014			2013
			(in thousands)
	Current:
	Holdco I & III Mortgage & Mezzanine Loans (1) (2)		$	—		$	2,720,286
	Term Facility (3)			19,450			—

	Current portion of long-term debt		$	19,450		$	2,720,286

	Non-current:
	Term Facility(3)			1,910,756			—

	Total debt		$	1,930,206		$	2,720,286



	(1)	As of September 30, 2014 and December 31, 2013, the 30 day United States dollar London Interbank Offering Rate (“LIBOR”) was 0.15% and 0.17%, respectively. The Mortgage and Mezzanine Loans bore interest as follows:


		•		Through April 14, 2014, portions of the Holdco I Mortgage Loan, with principal totaling $1.03 billion, carried interest at LIBOR plus a spread of 0.55%. The remaining mortgage loan balances, with principal totaling approximately $0.9 billion, were subject to a LIBOR floor of 1.0% plus spreads ranging from 3.891% to 6.803%. The total weighted average spread was 2.892% as of December 31, 2013.


		•		The interest rate for the Holdco III Mortgage Loan as of July 6, 2012 and through April 14, 2014 was LIBOR with a floor of 1.0% plus a spread of 4.5%. Included in the Holdco III Mortgage Loan as of December 31, 2013 is an unamortized long-term debt reduction of $2.3 million, which through April 14, 2014, was amortized using an initial imputed interest rate of 3.45%.


		•		The interest rate for the Mezzanine Loans as of December 31, 2013 was LIBOR plus spreads ranging from 9.0% to 13.9%.


	(2)	As of September 30, 2013, the maturity date and principal payments on the Holdco I & III Mortgage & Mezzanine Loans were as follows:


		•		The modified terms of the Holdco I Mortgage Loan required us to make certain principal payments upon closing and quarterly beginning on the first scheduled loan payment date following September 30, 2012. Concurrently with the consummation of the IPO, the Holdco I Mortgage Loan and Mezzanine Loans were refinanced.


		•		Principal payments on the Holdco III Mortgage Loan were required quarterly equal to the amount of excess cash flows, as defined, held in escrowed accounts over a specified floor. Concurrently with the consummation of the IPO, the Holdco III Mortgage Loan was refinanced.


	(3)	As of September 30, 2014, the interest rate, maturity date and principal payments on the Term Facility were as follows:


		•		The terms of the Term Facility require us to make certain scheduled principal payments quarterly beginning September 30, 2014. Final maturity is April 2021. In June and September 2014, we made voluntary principal pre-payments of $80.0 million and $75.0 million, respectively. Also in September 2014, we made a quarterly scheduled principal payment of $4.9 million.


		•		The interest rate for the Term Facility through September 30, 2014 was LIBOR with a floor of 1.0% plus a spread of 3.0%. Included in the Term Facility as of September 30, 2014 is an unamortized original issue discount of $9.9 million, which is being amortized using an initial imputed interest rate of 4.0%. As of September 30, 2014 we had $19.0 million in accrued interest included within accrued expenses and other liabilities on the accompanying condensed consolidated balance sheet.

	Term Facility

	On April 14, 2014, Holdings’ wholly owned subsidiary, La Quinta Intermediate Holdings L.L.C. (the “Borrower”), entered into a new credit agreement (the “Agreement”) with JPMorgan Chase Bank, N.A. (“JPM”), as administrative agent, collateral agent, swingline lender and L/C issuer, J.P. Morgan Securities LLC, Morgan Stanley Senior Funding, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, and Wells Fargo Securities, LLC, as joint lead arrangers and joint book runners, and the other agents and lenders from time to time party thereto.

	The credit agreement provides for senior secured credit facilities (collectively the “Senior Facilities”) consisting of:


		•		$2.1 billion senior secured term loan facility (the “Term Facility”), which will mature in 2021; and


		•		$250 million senior secured revolving credit facility (the “Revolving Facility”), $50 million of which is available in the form of letters of credit, which will mature in 2019.

The Revolving Facility includes borrowing capacity available for letters of credit and for short-term borrowings referred to as the swing line borrowings. In addition, the Senior Facilities also provide the Borrower with the option to (1) raise incremental credit facilities including an uncommitted incremental facility that provides the Borrower the option to increase the amounts available under the Term Facility and/or the Revolving Facility by an aggregate of up to $350 million, subject to additional increases upon achievement of a consolidated first lien net leverage ratio of less than or equal to 6.00 to 1.00 (or, after the first anniversary of the closing date, 5.75 to 1.00), (2) refinance the loans with debt incurred outside the Senior Facilities, and (3) extend the maturity date of the Revolving Credit Facility and Term Facility, subject to certain limitations.

The proceeds of the Term Facility, together with the net cash proceeds of the IPO and other cash on hand, were used to repay the Holdco I Mortgage Loan and Mezzanine Loans (collectively the “ Holdco I Loans”) and the Holdco III Mortgage Loan, and to acquire the Previously Managed Hotels. Upon completion of the refinancing, we recognized a $2.0 million loss on extinguishment of debt in our condensed consolidated statement of operations. We also incurred $28.7 million of debt issuance costs for the Senior Facilities, which is being amortized over the terms of the underlying debt agreement. As of September 30, 2014, the net balance of these debt issuance costs included in our condensed consolidated balance sheet was $27.1 million.

Interest Rate and Fees—Borrowings under the Term Facility bear interest, at the Borrower’s option, at a rate equal to a margin over either (a) a base rate determined by reference to the highest of (1) the JPM prime lending rate, (2) the Federal Funds Effective Rate plus 1/2 of 1.00% and (3) the adjusted LIBOR rate for a one-month interest period plus 1.00% or (b) a LIBOR rate determined by reference to the Reuters LIBOR rate for the interest period relevant to such borrowing. The margin for the Term Facility is 2.00%, in the case of base rate loans, and 3.00%, in the case of LIBOR rate loans, subject to one step-down of 0.25% upon the achievement of a consolidated first lien net leverage ratio (as defined in the Agreement) of less than or equal to 4.50 to 1.00, subject to a base rate floor of 2.00% and a LIBOR floor of 1.00%.

Borrowings under the Revolving Facility bear interest, at the Borrower’s option, at a rate equal to a margin over either (a) a base rate determined by reference to the highest of (1) the JPM prime lending rate, (2) the Federal Funds Effective Rate plus 1/2 of 1.00% and (3) the adjusted LIBOR rate for a one-month interest period plus 1.00% or (b) a LIBOR rate determined by reference to the Reuters LIBOR rate for the interest period relevant to such borrowing. The margin for the Revolving Facility is 1.50%, in the case of base rate loans, and 2.50%, in the case of LIBOR rate loans, subject to three step-downs of 0.25% each upon the achievement of a consolidated first lien net leverage ratio of less than or equal to 5.00 to 1.00, 4.50 to 1.00 and 4.00 to 1.00, respectively.



In addition, the Borrower is required to pay a commitment fee to the lenders under the Revolving Facility in respect of the unutilized commitments thereunder. The commitment fee rate is 0.50% per annum subject to a step-down to 0.375%, upon achievement of a consolidated first lien net leverage ratio less than or equal to 5.00 to 1.00. The Borrower is also required to pay customary letter of credit fees.

The Borrower incurred a ticking fee of approximately $1.8 million for the period between the date the allocations were notified to the lenders, February 21, 2014, and the closing date of the Senior Facilities of April 14, 2014.

Prepayments—The Term Facility requires mandatory prepayments, subject to certain exceptions, with:


	•		50% (which percentage will be reduced to 25% and 0%, as applicable, subject to achievement of a consolidated first lien net leverage ratio of less than or equal to 5.25 to 1.00 and 4.00 to 1.00, respectively) of annual excess cash flow, calculated in accordance with the Agreement;


	•		100% of the net cash proceeds (including insurance and condemnation proceeds) of all non-ordinary course asset sales or other dispositions of property by the Borrower and its restricted subsidiaries subject to de minimus thresholds, if those net cash proceeds are not reinvested in assets to be used in the Borrower’s business or to make certain other permitted investments (a) within 12 months of the receipt of such net cash proceeds or (b) if the borrower commits to reinvest such net cash proceeds within 12 months of the receipt thereof, within 180 days of the date of such commitment; and


	•		100% of the net proceeds of any incurrence of debt by the Borrower or any of its restricted subsidiaries, other than debt permitted to be incurred or issued under the Senior Facilities.

Each lender of the Term Facility will have the right to reject its pro rata share of mandatory prepayments described above, in which case the Borrower may retain the amounts so rejected. The foregoing mandatory prepayments will be applied to installments of the Term Facility in direct order of maturity.

The Borrower has the ability to voluntarily repay outstanding loans at any time without premium or penalty, other than prepayment premium of 1.0% on voluntary prepayment of Term Facility in connection with a repricing transaction on or prior to the date which is six months after the closing of the Senior Facilities and customary “breakage” costs with respect to LIBOR loans.

Amortization—Beginning September 2014, the Borrower is required to repay installments on the Term Facility in quarterly installments equal to 0.25% of the original principal amount less any voluntary prepayments on the Term Facility, with the remaining amount payable on the applicable maturity date with respect to the Term Facility.

Guarantees and security—The obligations under the Senior Facilities will be unconditionally and irrevocably guaranteed by Holdings, any subsidiary of Holdings that directly or indirectly owns any issued and outstanding equity interests of the Borrower, and, subject to certain exceptions, each of the Borrower’s existing and future material domestic wholly owned subsidiaries (collectively, the “Guarantors”). In addition, the Senior Facilities will be collateralized by first priority or equivalent security interests in (i) all the capital stock, or other equity interests in, the Borrower and each of the Borrower’s and the Guarantors’ material direct or indirect wholly owned restricted domestic subsidiaries, and 65% of the voting stock (and 100% of the nonvoting stock) of, or other equity interests in, each of the Borrower’s or any subsidiary guarantors’ material direct wholly owned first-tier restricted foreign subsidiaries, and (ii) certain tangible and intangible assets of the Borrower (other than real property except for certain real property described in the credit agreement) and Guarantors (subject to certain exceptions and qualifications).

As of the closing date for the Senior Facilities, Holdings did not have any of its foreign subsidiaries, non-wholly owned domestic subsidiaries that are restricted subsidiaries or immaterial subsidiaries guarantee the Senior Facilities. The Borrower will also have the ability to designate certain subsidiaries as unrestricted subsidiaries utilizing its investment capacity under the Agreement.

Certain covenants and events of default—The Agreement contains a number of significant affirmative and negative covenants and customary events of default. Such covenants, among other things, will limit or restrict, subject to certain exceptions, the ability of (i) Holdings, the direct parent of the Borrower, to engage in any material operating or business activities other than the ownership of the equity interests of the Borrower and (ii) the Borrower and its restricted subsidiaries to:


	•		incur additional indebtedness and make guarantees;


	•		create liens on assets;


	•		enter into sale and leaseback transactions;


	•		engage in mergers or consolidations;


	•		sell certain assets;


	•		make fundamental changes;


	•		pay dividends and distributions or repurchase capital stock;


	•		make investments, loans and advances;


	•		engage in certain transactions with affiliates;


	•		make changes in the nature of their business; and


	•		make prepayments of junior debt.

In addition, if, on the last day of any period of four consecutive quarters on or after the first full fiscal quarter following the closing of the Senior Facilities, the aggregate principal amount of the Revolving Facility, swing line loans and/or letters of credit (excluding up to $20 million of letters of credit and certain other letters of credit that have been cash collateralized or back-stopped) that are issued and/or outstanding is greater than 25% of the Revolving Facility, the Agreement will require the Borrower to maintain a consolidated first lien net leverage ratio not to exceed 8.0 to 1.0. During any period in which Holdings’ corporate issuer rating is equal to or higher than Baa3 (or the equivalent) according to Moody’s Investors Service, Inc. or BBB- (or the equivalent) according to Standard & Poor’s Ratings Services and no default has occurred and is continuing, the restrictions in the Senior Facility regarding incurring additional indebtedness, dividends and distributions or repurchases of capital stock and transactions with affiliates will not apply to the Borrower and its restricted subsidiaries.

The Senior Facilities also contain certain customary representations and warranties, affirmative covenants and events of default. If an event of default occurs, the lenders under the Senior Facilities will be entitled to take various actions, including the acceleration of amounts due under the Senior Facilities and actions permitted to be taken by a secured creditor. As of September 30, 2014, we were in compliance with all covenants under the Senior Facilities.

Letters of Credit

In April 2014, we obtained letters of credit through our Revolving Facility aggregating to approximately $5.7 million. We are required to pay a fee of 2.63% per annum related to this letter of credit.

Interest Expense, Net

Net interest expense, including the impact of our interest rate swap (see Note 7), consisted of the following for the three and nine months ended September 30, 2014 and 2013:





		For the three months						For the nine months
		ended September 30,						ended September 30,
Description		2014			2013			2014			2013
		(in thousands)
Term Facility		$	23,222		$	—		$	43,583		$	—
Mortgage Loan			—			17,408			23,754			51,984
Holdco III Mortgage Loan			—			3,075			3,206			9,238
Mezzanine Loans:
Current			—			2,272			3,107			6,774
Deferred			—			13,330			18,601			39,525
Amortization of long-term debt reduction			—			(1,148	)		(1,532	)		(3,446	)
Amortization of deferred financing costs			1,274			3,345			6,571			6,811
Other interest			4			4			10			18
Interest income			(5	)		(58	)		(40	)		(158	)

Total interest expense, net		$	24,495		$	38,228		$	97,260		$	110,746

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

NOTE 7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

During the three and nine months ended September 30, 2014 and 2013, derivatives were used to hedge the interest rate risk associated with our variable-rate debt.

Term Facility Interest Rate Swap

On April 14, 2014, the Borrower entered into an interest rate swap agreement with an aggregate notional amount of $850.0 million that expires on April 14, 2019. This agreement swaps the LIBOR rate in effect under the new credit agreement for this portion of the loan to a fixed-rate of 2.0311%, which includes a 1% LIBOR floor. Management has elected to designate this interest rate swap as a cash flow hedge for accounting purposes.

Interest Rate Caps

Pursuant to the terms of the Holdco I Loans and the Holdco III Mortgage Loan, we were required to maintain interest rate caps. The effect of these interest rate cap agreements was to limit our maximum interest rate exposure with respect to increases in LIBOR. We purchased and maintained these interest rate caps during the periods ended June 30, 2014 and 2013, and the related gain or loss on these investments is reflected within other income (loss) in the accompanying condensed consolidated statements of operations. We did not elect to designate any of these interest rate caps as effective hedging instruments.

Fair Value of Derivative Instruments

The effects of our derivative instruments on our condensed consolidated balance sheets were as follows:

September 30, 2014

December 31, 2013

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Classification

(in thousands)

Cash Flow Hedges:

Interest rate swap

Other non-current assets

$895

N/A

Non-designated Hedges:

Interest rate caps (1)

Other non-current assets

N/A

Other non-current assets

—

(1)

The fair values of our interest rate caps were immaterial as December 31, 2013. The interest rate caps expired in July 2014.

Earnings Effect of Derivative Instruments

The effects of our derivative instruments on our condensed consolidated statements of operations and condensed consolidated statements of comprehensive income, net of the effect for income taxes, were as follows:

Classification of Gain

For the three

For the nine

(Loss) Recognized

months

ended September 30,

2014

2013

2014

2013

(in thousands)

Cash Flow Hedges:

Interest rate swap(1)

Other comprehensive income

3,118

—

582

—

Non-designated Hedges:

Interest rate caps

Other income (loss)

—

(135

)

—

(135

)

(1)

There were no amounts recognized in earnings related to hedge ineffectiveness or amounts excluded from hedge effectiveness testing during the three and nine months ended September 30, 2014.

Fair_Value_Measurements

Fair Value Measurements

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 8. FAIR VALUE MEASUREMENTS

The carrying amount and estimated fair values of our financial assets and liabilities, which include related current portions, were as follows:

September 30, 2014

December 31, 2013

Carrying

Fair Value

Carrying

Fair Value

Amount

(in thousands)

Cash and cash equivalents (1)

108,488

33,412

Restricted Cash (1)

—

104,026

Interest rate swaps (2)

895

—

Long-term debt (3)

1,930,206

1,899,630

2,720,286

2,715,695

(1)

Classified as Level 1 under the fair value hierarchy.

(2)

Classified as Level 2 under the fair value hierarchy.

(3)

Classified as Level 3 under the fair value hierarchy.

We believe the carrying amounts of our cash and cash equivalents and restricted cash approximated fair value as of September 30, 2014 and December 31, 2013, as applicable. Our estimates of the fair values were determined using available market information and valuation methods appropriate in the circumstances. Considerable judgment is necessary to interpret market data and develop estimated fair values. Proper placement of fair value measurements within the valuation hierarchy is considered each reporting period. Third-party information received for calculating Level 3 fair value measurements is reviewed to ensure it is in accordance with GAAP. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts.

Restricted cash is primarily comprised of short-term interest-bearing money market funds with maturities of less than 90 days and time deposits. The estimated fair values were based on available market pricing information of similar financial instruments.

The fair values of interest rate swaps are determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each instrument. This analysis reflects the contractual terms of the agreements, including the period to maturity, and uses observable market-based inputs, including forward interest rate curves. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.

We estimate the fair value of our long-term debt using discounted cash flow analysis based on current market inputs for similar types of arrangements. The primary sensitivity in these calculations is based on the selection of appropriate discount rates. We estimated the discount rate to be approximately 4.3% and 5.3%, as of September 30, 2014 and December 31, 2013, respectively. Fluctuations in these assumptions will result in different estimates of fair value.

We test long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. In June 2014, we determined that the long-lived assets associated with one of our owned hotels were partially impaired primarily due to unfavorable expected terms of the upcoming underlying ground lease renewal and the likelihood of the Company abandoning the hotel upon expiration of the ground lease. As a result, we recorded an impairment loss of approximately $5.2 million for the nine months ended September 30, 2014. For the three months ended September 30, 2014, and the three and nine months ended September 30, 2013, no impairment was recorded.

For this purpose, fair value of the property was estimated primarily using expected present value of future cash flows. The fair value estimate is considered to be Level 3 within the fair value measurement hierarchy.

The following fair value hierarchy table presents information about assets measured at fair value on a nonrecurring basis during the period ended September 30, 2014:

September 30, 2014

Level 1

Level 2

Level 3

Total Fair

Impairment

Value

Charge

(in thousands)

1 La Quinta Inn

—

249

5,157

We estimate the fair value of hotels classified as held for sale using the lower of cost or estimated fair value. The inputs used in determining the fair value are considered to be Level 2 and Level 3 within the fair value measurement hierarchy. Level 2 reflects our sales price as determined by contract with the buyer, less associated closing costs. Level 3 reflects our sales price as determined by contract with the buyer, less estimated associated closing costs.

The following fair value hierarchy table presents information of our hotels classified as assets held for sale measured at fair value on a non-recurring basis as of December 31, 2013, and related impairment charges recorded:

December 31, 2013

Level 1

Level 2

Level 3

Total Fair

Impairment

Value

Charge

(in thousands)

4 La Quinta Inns

—

7,134

1,113

Related_Party_Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'

	NOTE 9. RELATED PARTY TRANSACTIONS

	We maintain various agreements and enter into certain transactions with affiliates of the Funds. Prior to April 14, 2014 these affiliates owned the Previously Managed Hotels (see Note 4), which were managed by LQM. The following is a discussion of these arrangements and resulting transactions from January 1, 2014 to April 14, 2014:

	Management and Service Agreements

	Hotel Management Agreements — Pursuant to hotel management agreements with affiliates of the Funds in existence prior to the IPO (“LQM Management Agreements”), LQM provided management services to the Previously Managed Hotels until the IPO, including supervision, direction, operation, management and promotion. The LQM Management Agreements would have expired in July 2027, but could have been terminated by either party at any time and for any reason and were terminated in connection with the IPO. Under the terms of the LQM Management Agreements, LQM was entitled to recover a management fee of 1.67% of gross operating revenue from the Previously Managed Hotels, as well as reimbursement for certain shared group costs.

	Management fees earned by LQM from the Previously Managed Hotels, for the period from January 1, 2014 to April 14, 2014 were $0.2 million. For the three and nine month periods ended September 30, 2013, management fees earned from the Previously Managed Hotels were approximately $0.2 million and $0.5 million, respectively. These management fees are included within franchise and other fee-based revenues in the accompanying condensed consolidated statements of operations.

	In addition, in accordance with the LQM Management Agreements, LQM also provided certain group services for hotels it managed, including group and administrative services, information systems support, training, and other field services, and was reimbursed for the cost of providing these services. For the period from January 1, 2014 to April 14, 2014, LQM earned group services reimbursements from the Previously Managed Hotels of approximately $0.2 million. During the three and nine month periods ended September 30, 2013, LQM earned group services reimbursements from the Previously Managed Hotels of approximately $0.2 million and $0.5 million, respectively. These fees are included within franchise and other fee-based revenues in the accompanying condensed consolidated statements of operations.

	Other Fees and Funding

	Brand Marketing Fund (BMF) — We maintain the BMF on behalf of our franchisees and the hotel properties we own and manage, and we charge these hotels a fee of 2.5% of gross room revenue, which is then used by the BMF to fund national advertising promotions and campaigns. BMF fees collected from franchised and managed hotels, and the related expenses, are reflected as brand marketing fund revenues and expenses from franchise and managed hotels in the accompanying condensed consolidated statements of operations.

	Customer Loyalty Program — We administer a customer loyalty program, La Quinta Returns (“Returns”), and charge participating hotels a fee to administer the program equal to 5% of the Returns members’ eligible room rate per night. Returns fees collected from franchised and managed hotels are reflected within franchise and other fees-based revenues in the accompanying condensed consolidated statements of operations. We recorded revenues related to Returns from the Previously Managed Hotels of approximately $0.3 million for the period from January 1, 2014 to April 14, 2014. We recorded revenues related to Returns from the Previously Managed Hotels of approximately $0.2 million and $0.7 million during the three and nine month periods ended September 30, 2013.



	Trademark Licenses — In accordance with our management agreements with the Previously Managed Hotels existing until their acquisition on April 14, 2014, we charged a royalty fee of 0.33% of the Previously Managed Hotels’ gross room revenues. For the period January 1, 2014 to April 14, 2014, royalty fees charged to the Previously Managed Hotels under these agreements were approximately $0.1 million. During each of the three and nine month periods ended September 30, 2013, royalty fees charged to the Previously Managed Hotels under these agreements were approximately $0.1 million. These royalty fees are reflected within franchise and other fee-based revenues in the accompanying condensed consolidated statements of operations.

	Receivables from / Payable to Affiliates — As of September 30, 2014, the payable balance to the parent company of the Previously Managed Hotels was approximately $1.0 million. This payable balance reflects amounts we owe to the seller of the Previously Managed Hotels related to post-closing working capital true-up calculations. As of December 31, 2013, the receivable balance from the parent company of the Previously Managed Hotels was approximately $10.9 million. This receivable occurred in the normal course of business and was settled in connection with the purchase of the Previously Managed Hotels by the La Quinta Predecessor Entities. (See Note 4)

	We also purchase products and services from entities affiliated with or owned by Blackstone. The fees paid for these products and services were approximately $0.8 million during each of the three months ended September 30, 2014 and 2013. The fees paid for these products and services were approximately $2.3 million and $2.4 million during the nine months ended September 30, 2014 and 2013, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'

	NOTE 10. COMMITMENTS AND CONTINGENCIES

	Environmental — We are subject to certain requirements and potential liabilities under various federal, state and local environmental laws, ordinances, and regulations. Such requirements often impose liability without regard to whether the current or previous owner or operator knew of, or was responsible for, the presence of such hazardous or toxic substances. Although we have incurred and expect to incur remediation and other environmental costs during the ordinary course of operations, we anticipate that such costs will not have a material effect on our financial condition, results of operations, or cash flows.

	Litigation — We are party to a number of pending claims and lawsuits arising in the normal course of business. We maintain general and other liability insurance; however, certain costs of defending lawsuits, such as those below the insurance deductible amount, are not covered by or are only partially covered by insurance policies, or the insurance carriers could refuse to cover certain claims in whole or in part. We regularly evaluate ultimate liability costs with respect to such claims and lawsuits. We accrue costs incurred from defending litigation as they become determinable. We do not consider our ultimate liability with respect to any single claim or lawsuit, or the aggregate of such claims and lawsuits, to be material in relation to our condensed consolidated balance sheets, results of operations, or cash flows taken as a whole.

	Casualty Losses — We maintain insurance for property and casualty damage, subject to deductibles and policy terms and conditions, attributable to wind, flood, and earthquakes. We also maintain business interruption insurance.

	Tax Contingencies — We are subject to regular audits by federal and state tax authorities. These audits may result in additional tax liabilities. The Internal Revenue Service (the “IRS”) is currently auditing the tax returns of La Quinta Corporation, one of our former REITs prior to the Pre-IPO Transactions, and BRE/LQ Operating Lessee Inc., one of our former taxable REIT subsidiaries prior to the Pre-IPO Transactions, in each case for the tax years ended December 31, 2010 and 2011. We received a draft notice of proposed adjustment from the IRS on January 9, 2014, and the notice of proposed adjustment was issued to us on June 2, 2014. We submitted a timely response to the notice of proposed adjustment and, on July 7, 2014, we received an IRS 30-Day Letter proposing to impose a 100% tax on the REIT totaling $158 million for the periods under audit in which the IRS has asserted that the rent charged for these periods under the lease of hotel properties from the REIT to the taxable REIT subsidiary exceeded an arm’s length rent. In addition, the IRS proposed to eliminate $89 million of net operating loss carryforwards for the taxable REIT subsidiary for the tax years 2006 through 2009; however, in an IRS rebuttal received on September 26, 2014, the IRS conceded its proposed adjustment on this point was incorrect. We disagree with the IRS’ position with respect to rents charged by the REIT to its taxable REIT subsidiary and have appealed the proposed tax and adjustments to the IRS Appeals Office. In determining amounts payable by our taxable REIT subsidiary under the lease, we engaged a third party to prepare a transfer pricing study contemporaneous with the lease which concluded that the lease terms were consistent with an arm’s length rent as required by relevant provisions of the Internal Revenue Code of 1986 (the “Internal Revenue Code”) and applicable Treasury Regulations. We believe the IRS transfer pricing methodologies applied in the audits contain flaws and that the IRS proposed tax and adjustments are inconsistent with the U.S. federal tax laws related to REITs. We have concluded that the positions reported on our tax returns under audit by the IRS are, based on their technical merits, more-likely-than-not to be sustained upon examination. Accordingly, as of September 30, 2014, we have not established any reserves related to this proposed adjustment or any other issues reflected on the returns under examination.

	Purchase Commitments — As of September 30, 2014, we had approximately $22.0 million of purchase commitments related to certain continuing redevelopment and renovation projects.



	Franchise Commitments — Under certain franchise agreements, we are committed to provide certain incentive payments, reimbursements, rebates, and other payments to help defray certain costs. Our obligation to fund these commitments is contingent upon certain conditions set forth in the respective franchise agreement. The franchise agreements generally require that, in the event that the franchise relationship is terminated, the franchisee is required to repay any outstanding balance plus any unamortized portion of any incentive payment. As of September 30, 2014, we had $1.6 million in outstanding commitments owed to various franchisees for such financial assistance.

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'

	NOTE 11: INCOME TAXES

	Prior to our IPO on April 14, 2014, we operated primarily as limited liability companies treated as partnerships for U.S. federal income tax purposes, REIT entities, and taxable entities. As a result, we were not subject to U.S. federal and most state income taxes for our limited liability companies and our REIT entities. Our partnership and REIT status terminated in connection with the IPO, as the La Quinta Predecessor Entities were contributed to Holdings, a “C” corporation, the shares of capital stock held by third-party shareholders of our REIT entities were redeemed for cash totaling approximately $3.9 million, and our REITs were converted into limited liability companies. As a result of these transactions, we have become subject to additional entity-level taxes and, during the second quarter, we recorded a one-time net deferred tax expense of $321.1 million, which established the associated net deferred tax liability on our balance sheet, and reflects the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases at the estimated blended statutory U.S. federal and state income tax rate of 38.1%. More specifically, this initial deferred tax expense is primarily driven by (1) the recognition of additional deferred tax liabilities totaling approximately $462.3 million which are primarily related to differences between the book and tax basis for our fixed and intangible assets and related depreciation and (2) the recognition of additional deferred tax assets totaling approximately $141.2 million which are primarily related to the expected realization of federal net operating loss carryforwards.

	The Company recorded a provision for federal, state and foreign income taxes of approximately $16.1 million for the three months ended September 30, 2014, excluding the effect of the one-time recognition of the net deferred tax liabilities upon C-corporation conversion, and approximately $1.0 million for the three months ended September 30, 2013. For the nine months ended September 30, 2014 the Company recorded a provision for federal, state and foreign income taxes of approximately $21.9 million, excluding the effect of the recognition of the one-time net deferred tax liabilities upon C-corporation conversion, and approximately $2.5 million for the nine months ended September 30, 2013. The provisions for the three and nine month periods ended September 30, 2014 reflect the impacts of a loss in the pre-IPO period for which no tax benefit has been recorded as well as certain equity compensation charges that are not deductible for income tax purposes, as applicable.

Employee_Benefit_Plans

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Employee Benefit Plans	'

	NOTE 12. EMPLOYEE BENEFIT PLANS

	We maintain a deferred savings plan covering substantially all of our employees that qualified under Section 401(k) of the Internal Revenue Code. Our deferred savings plan has an employer matching contribution of 100% of the first 3% and 50% of the next 2% of an employee’s eligible earnings, which vests immediately. We paid employer contributions of approximately $0.6 million and $0.5 million during the three months ended September 30, 2014 and 2013, respectively. We paid employer contributions of approximately $1.5 million and $1.4 million during the nine months ended September 30, 2014 and 2013, respectively.

EquityBased_Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Equity-Based Compensation	'

	NOTE 13. EQUITY BASED COMPENSATION

	Promote Plan

	Prior to the IPO Effective Date, certain members of our management and others associated with Blackstone (the “Promote Participants”) were eligible to receive long-term incentives evidenced by units (the “Units”) in LQ Services L.L.C. (“LQ Services”), which indirectly held interests in the Company, which Units were intended to be treated as “profits interests” for U.S. tax purposes (the “Promote Plan”). Units were typically granted by our Chief Executive Officer, in consultation with Blackstone, to key employees upon hire. Unit levels could also be adjusted to recognize changing job responsibilities. All of the Units were subject to exit-based vesting on the date when there was a sale, transfer or disposition of all or substantially all of the assets of the La Quinta Predecessor Entities to an unaffiliated entity which resulted in distributions being payable to the holders of the Units (a “Liquidity Event”), subject to a Promote Participant’s continued employment on such date. The value in respect of Units would have been determined based upon the amounts received by Blackstone pursuant to a Liquidity Event, net of certain debt repayments and return of equity to Blackstone. As payments in respect of the Units were contingent on occurrence of a Liquidity Event, which was not assessed to be probable prior to the date of our IPO, no expense was accrued or recognized for the Units prior to April 14, 2014.

	On the IPO Effective Date, Units that were outstanding under the Promote Plan at the time of the offering were exchanged for 3.1 million vested and unvested shares of common stock of Holdings of equivalent economic value, using the initial public offering price of Holdings shares of $17.00 per share and issued as follows: (1) 40% of the shares received were vested shares of common stock; (2) 40% of the shares received were unvested shares of restricted stock that will vest on the first anniversary of the IPO Effective Date, contingent upon continued employment through that date; and (3) 20% of the shares received were unvested shares of restricted stock that will vest on the earlier of the date that Blackstone and its affiliates cease to own 50% or more of Holdings or the seventh anniversary of the IPO Effective Date, contingent upon continued employment at that date.

	Total compensation expense under the Promote Plan was $5.4 million and $31.7 million during the three and nine months ended September 30, 2014, respectively. Unrecognized compensation expense as of September 30, 2014 was $20.1 million. As of September 30, 2014, 9,658 shares have been forfeited from the Promote Plan.

	2014 Omnibus Incentive Plan

	In connection with, and prior to completion of, the IPO, our Board of Directors adopted, and our stockholders approved, the La Quinta Holdings Inc. 2014 Omnibus Incentive Plan (the “2014 Omnibus Incentive Plan”). The 2014 Omnibus Incentive Plan provides for the granting of stock options, restricted stock and other equity based or performance-based awards denominated in cash or in stock to directors, officers, employees, consultants and advisors of Holdings and its affiliates.

	2014 Omnibus Incentive Plan Grant I (“Grant I”) —Effective on the IPO Effective Date, Holdings issued 0.35 million shares of Holdings common stock under our 2014 Omnibus Incentive Plan with a grant date fair value of $16.65 per share to certain of our employees as follows: (1) 50% of the shares granted were vested shares of common stock; (2) 40% of the shares granted were unvested shares of restricted stock that will vest on the first anniversary of the IPO Effective Date, contingent upon continued employment through that date; and (3) 10% of the shares granted were unvested shares of restricted stock that will vest on the earlier of the date that Blackstone and its affiliates cease to own 50% or more of Holdings or the seventh anniversary of the IPO Effective Date, contingent upon continued employment through that date.

	2014 Omnibus Incentive Plan Grant II (“Grant II”) —On June 11, 2014, Holdings issued 1.01 million shares of Holdings common stock under our 2014 Omnibus Incentive Plan with a grant date fair value of $18.70 per share to certain of our employees. Grant II is a time-based vesting award with multiple tranches that vest on various dates with a remaining weighted average life of 1.6 years as of September 30, 2014. The fair value of Grant II will be recognized on a straight-line basis over the requisite service period of each tranche included in the award.

	2014 Omnibus Incentive Plan Director Unit Grant (“2014 Director Unit Grant”) —On June 11, 2014, we granted 16,044 restricted stock units (“RSUs”) to our independent directors under our 2014 Omnibus Incentive Plan, as part of our regular annual compensation of our independent directors. The 2014 Director Unit Grant vests in three equal installments on the first, second and third anniversaries of the grant date. The grant date fair value was $18.70 per RSU. The fair value of the RSUs will be recognized on a straight-line basis over the requisite service period for the entire award. Vested RSUs will be settled with shares of our common stock.

	2014 Omnibus Incentive Plan Performance Unit Grant (“2014 Performance Unit Grant”) —On June 11, 2014, we issued 109 performance-based RSUs (the “PSUs”), which represent 0.5 million shares of common stock to certain of our employees. The performance period for the 2014 Performance Unit Grant ends December 31, 2016, with a remaining life of 2.3 years as of September 30, 2014. The calculation of the value of the units granted under the 2014 Performance Unit Grant is weighted as follows: 70% based on the Company’s total shareholder return (“TSR”) relative to the total shareholder returns of a defined set of peer companies (“Relative Shareholder Return”); and 30% based on the Company’s absolute TSR compound annual growth rate (“TSR CAGR”). The number of common shares issued in exchange for each PSU at the end of the performance period is determined based on a calculated multiple of defined target amounts for TSR CAGR and Relative Shareholder Return. Possible payout multiples range from 33% of target, which represents the threshold and below which no payout is given, and 167% of target, which represents the maximum payout. The 2014 Performance Unit Grant PSUs will be settled with shares of the Company’s common stock.



	The grant date fair value of the 2014 Performance Unit Grant was $19.80 per share, which was determined using a Monte Carlo simulation valuation model with the following assumptions:



	Expected volatility(1)		24.05	%
	Dividend yield(2)		—	%
	Risk-free rate(3)		0.7	%
	Expected term (in years)(4)		2.6


	(1)	Due to limited trading history for our common stock, we did not have sufficient information available on which to base a reasonable and supportable estimate of the expected volatility of our share price. As a result, we used an average historical volatility of our peer group over a time period consistent with our expected term assumption. Our peer group was determined based upon companies in our industry with similar business models and is included with those used to benchmark our executive compensation.
	(2)	We have no foreseeable plans to pay dividends during the expected term of these performance shares.
	(3)	Based on the yields of U.S. Department of Treasury instruments with similar expected lives.
	(4)	Midpoint of the 30-calendar day period preceding the end of the performance period.

	During the three and nine months ended September 30, 2014, total compensation expense for awards under the 2014 Omnibus Incentive Plan was $3.2 million and $7.9 million, respectively, excluding related taxes. Unrecognized compensation expense as of September 30, 2014 was $25.7 million. As of September 30, 2014, 620 shares have been forfeited from awards made under the 2014 Omnibus Incentive Plan.

	As of September 30, 2014, there were 11.6 million shares of common stock available for future issuance under the 2014 Omnibus Incentive Plan.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'

	NOTE 14. EARNINGS PER SHARE

	Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of the Company’s unrestricted common stock outstanding. Diluted earnings per share is computed by dividing net income available to common stockholders, as adjusted for potentially dilutive securities, by the weighted average number of shares of the Company’s unrestricted common stock outstanding plus other potentially dilutive securities. Dilutive securities include equity based awards issued under long-term incentive plans.

	As discussed in Note 1, on April 14, 2014, the Company completed its IPO. For purposes of computing net income per share, it is assumed that our IPO and ownership reorganization had occurred for all periods presented and therefore the outstanding shares have been adjusted to reflect the conversion of shares that took place in connection with the IPO. Accordingly, the denominators in the computations of basic and diluted net income per share reflect our IPO and ownership reorganization for all periods presented.

	The calculations of basic and diluted earnings per share are as follows:



		For the three months				For the nine months
		ended September 30,				ended September 30,
		2014		2013		2014			2013
		(in thousands, except per share data)
	Numerator:
	Income (loss) from continuing operations attributable to La Quinta Holdings’ stockholders	$	12,817	$	12,629	$	(332,601	)	$	14,951
	Income (loss) from discontinued operations attributable to La Quinta Holdings’ stockholders		—		9,941		(503	)		(6,303	)

	Net income (loss) attributable to La Quinta Holdings’ stockholders	$	12,817	$	22,570	$	(333,104	)	$	8,648

	Denominator:
	Weighted average number of shares outstanding, basic		127,734		121,996		125,542			121,996
	Weighted average number of shares outstanding, diluted		128,494		121,996		125,542			121,996
	Income (loss) from continuing operations attributable to La Quinta Holdings’ stockholders per common share, basic and diluted	$	0.1	$	0.11	$	(2.65	)	$	0.12
	Income (loss) from discontinued operations attributable to La Quinta Holdings’ stockholders per common share, basic and diluted		—		0.08		—			(0.05	)

	Basic and diluted earnings (loss) per share	$	0.1	$	0.19	$	(2.65	)	$	0.07




	Approximately 0.3 million shares and 1.2 million shares for the three months and nine months ended September 30, 2014, respectively, were excluded from the computation of diluted shares, as their impact would have been anti-dilutive. For the three and nine months ended September 30, 2013, no shares were considered anti-dilutive.

Segments

Segments	9 Months Ended
Segments	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segments	'

	NOTE 15. SEGMENTS

	Our operating segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by our Chief Executive Officer, who is our chief operating decision maker, to assess performance and make decisions regarding the allocation of resources. Our operating and reportable segments are defined as follows:


		•		Owned hotels—This segment derives its earnings from the operation of owned hotel properties located in the United States.


		•		Franchise and management—This segment derives its earnings primarily from revenues earned under various franchise and management agreements relating to our owned, franchised, and managed hotels, which provide for us to earn compensation for the licensing of our brand to franchisees, as well as for services rendered, such as hotel management and providing access to certain shared services and marketing programs such as reservations, Returns, and property management systems.

	Corporate and other includes revenues generated and operating expenses incurred in connection with the overall support and brand management of our owned, managed, and franchised hotels and operations.

	The performance of our operating segments is evaluated primarily based upon Adjusted EBITDA, which should not be considered an alternative to net income (loss) or other measures of financial performance or liquidity derived in accordance with GAAP. We define Adjusted EBITDA as our net income (exclusive of non-controlling interests) before interest expense, income tax expense (benefit), and depreciation and amortization, further adjusted to exclude certain items, including, but not limited to: gains, losses, and expenses in connection with: (i) asset dispositions; (ii) debt modifications/retirements; (iii) non-cash impairment charges; (iv) discontinued operations; (v) equity based compensation and (vi) other items.

	The table below shows summarized consolidated financial information by segment for the three and nine months ended September 30, 2014 and 2013:

			For the three months								For the nine months
			ended September 30,								ended September 30,
			2014				2013				2014				2013
			(in thousands)
	Revenues
	Owned hotels		$	241,266			$	211,569			$	667,564			$	601,504
	Franchise and management (1)			29,054				15,233				68,977				42,232

	Segment revenues			270,320				226,802				736,541				643,736
	Other fee-based revenues from franchise and managed properties			6,158				5,411				16,511				14,594
	Corporate and other (2)			34,026				26,733				88,054				74,424
	Intersegment elimination (3)			(39,386	)			(20,911	)			(92,390	)			(59,370	)

	Total revenues		$	271,118			$	238,035			$	748,716			$	673,384

	Adjusted EBITDA
	Owned hotels		$	87,951			$	88,997			$	249,226			$	246,171
	Franchise and management			29,054				15,233				68,977				42,232

	Segment Adjusted EBITDA			117,005				104,230				318,203				288,403
	Corporate and other			(7,708	)			(10,483	)			(27,944	)			(32,188	)

	Adjusted EBITDA		$	109,297			$	93,747			$	290,259			$	256,215





	(1)	This segment includes intercompany fees which are charged to our owned hotels to reflect that certain functions, such as licensing and management, are included in the franchise and management segment. Prior to the IPO, we charged aggregate fees of 2.0% (0.33% license fees for trademark rights and 1.67% management fee for management services) to our owned hotels. In connection with the IPO, we entered into a new franchise agreement with our owned hotels, which covers certain services as well as trademark rights, and a new management agreement and terminated the existing agreements with our owned hotels. The new agreements, which commenced April 14, 2014, provide for a franchise fee of 4.5% of gross room revenues and a management fee of 2.5% of gross operating revenue for our owned hotels. Our consolidated financial information by segment for periods prior to April 14, 2014 presented herein reflects the historical aggregate fees of 2.0%.
	(2)	Includes revenues related to our brand management programs and other cost reimbursements. The portions of these fees that are charged to our owned hotels, which totaled $51.0 million and $41.4 million for the nine months ended September 30, 2014 and 2013, respectively, and $20.1 million and $14.4 million for the three months ended September 30, 2014 and 2013, respectively, are eliminated in the accompanying condensed consolidated financial statements. The franchise agreement we entered into with our owned hotels upon effectiveness of the IPO also includes a reservation fee of 2.0% of gross room revenues, which is reflected in corporate and other.
	(3)	Includes management, license, franchise, BMF, Returns and other cost reimbursements totaling $39.4 million and $20.9 million for each of the three months periods ended September 30, 2014 and 2013, respectively and $92.4 million and $59.4 million for each of the nine month periods ended September 30, 2014 and 2013, respectively. These fees are charged to owned hotels and are eliminated in the accompanying condensed consolidated financial statements.

	The table below provides a reconciliation of Adjusted EBITDA to EBITDA and EBITDA to net loss attributable to La Quinta Holdings’ stockholders for the three and nine months ended September 30, 2014 and 2013:



			For the three months								For the nine months
			ended September 30,								ended September 30,
			2014				2013				2014				2013
			(in thousands)
	Adjusted EBITDA		$	109,297			$	93,747			$	290,259			$	256,215
	Income (loss) from discontinued operations			—				1,533				(377	)			8,420
	Impairment loss			—				—				(5,308	)			(19,913	)
	Gain on sale from discontinued operations			—				7,694				—				7,694
	Gain (loss) on retirement of assets			—				4				—				(47	)
	Gain related to casualty disasters			108				739				1,106				2,611
Loss on extinguishment of debt, net			—				—				(2,030	)			—
Equity based compensation			(8,600	)			—				(39,703	)			—
Other gains (losses), net (1)			(1,924	)			314				(2,312	)			(3,034	)

EBITDA			98,881				104,031				241,635				251,946
Interest expense			(24,500	)			(38,290	)			(97,300	)			(110,908	)
Income tax provision			(16,162	)			(969	)			(21,860	)			(2,573	)
Recognition of net deferred tax liabilities upon C-corporation conversion			—				—				(321,054	)			—
Depreciation and amortization			(45,352	)			(41,796	)			(130,711	)			(128,711	)
Noncontrolling interests			(50	)			(406	)			(3,814	)			(1,106	)

Net income (loss) attributable to La Quinta Holdings’ stockholders		$	12,817			$	22,570			$	(333,104	)		$	8,648



(1)	Other gains (losses), net primarily consists of net income (loss) attributable to the BMF (which, over time, runs at a break-even level, but may reflect a profit or loss from period to period) and litigation reserve adjustments.



The following table presents assets for our reportable segments, reconciled to consolidated amounts as of September 30, 2014 and December 31, 2013:



		September 30,				December 31,
		2014				2013
		(in thousands)
Total Assets
Owned hotels		$	2,913,039			$	2,925,882
Franchise and management			193,257				192,191

Total segments assets			3,106,296				3,118,073
Corporate and other			134,809				51,761

Total		$	3,241,105			$	3,169,834


The following table presents capital expenditures for our reportable segments, reconciled to our consolidated amounts for the nine months ended September 30, 2014 and 2013:



		For the nine months
		ended September 30,
		2014				2013
Capital Expenditures
Owned hotels		$	52,019			$	70,625
Franchise and management			—				—

Total segment capital expenditures			52,019				70,625
Corporate and other			13,813				12,354

Total		$	65,832			$	82,979

Significant_Accounting_Policie1

Significant Accounting Policies and Recently Issued Accounting Standards (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Revenue Recognition	'

	Revenue Recognition — Revenues primarily consist of room rentals, franchise fees and other hotel revenues. We defer a portion of our revenue from franchisees at the time the franchise agreement is signed and recognize the remainder upon hotel opening.

	Room revenues are derived from room rentals at our owned hotels. We recognize room revenue on a daily basis based on an agreed-upon daily rate after the guest has stayed at one of our hotels. Customer incentive discounts, cash rebates, and refunds are recognized as a reduction of room revenues. Occupancy, hotel, and sales taxes collected from customers and remitted to the taxing authorities are excluded from revenues in the accompanying condensed consolidated statements of operations.

	Included in franchise and other fee-based revenues are franchise fee revenues, which primarily consist of revenues from franchisees for application and initial fees, royalty, reservations, and training, as well as fees related to our guest loyalty program (“Returns”). We recognize franchise fee revenue on a gross basis because we (1) are the primary obligor in these arrangements, (2) have latitude in establishing rates, (3) perform the services delivered, (4) have some discretion over supplier selection, and (5) determine the specification of services delivered. The different types of franchise fee revenues are described as follows:


		•	Upon execution of a franchise agreement, a franchisee is required to pay us an initial fee. We recognize the initial fee as revenue when substantial performance of our obligations to the franchisee with respect to the initial fee has been achieved. In most cases, the vast majority of the initial fee is recognized as revenue when each franchise agreement is signed as, after that date, our remaining obligations to the franchisee are limited to (1) pre-opening inspections, for which we defer $2,500, and (2) if mandated by us or agreed to with the franchisee, preopening training and marketing support related to entry into the La Quinta brand, for which we defer $5,000. These amounts represent an estimate of the value provided to the franchisee related to the services provided, and are based on our experience with time, materials, and third-party costs necessary to provide these services. We recognize the remaining deferred initial fee as revenue when the franchised property opens as the remaining service obligations have been fulfilled.


		•	For franchise agreements entered into prior to April 1, 2013, we collect a monthly royalty fee from franchisees generally equal to 4.0% of their room revenues until the franchisee has operated as a La Quinta hotel for twenty-four consecutive months. Beginning in the twenty-fifth month of operation, the franchisee monthly royalty fee increases to 4.5%. Pursuant to franchise agreements entered into with new US franchisees on or after April 1, 2013, we collect a royalty fee from franchisees equal to 4.5% of their room revenues until the franchisee has operated as a La Quinta hotel for twenty-four consecutive months. Beginning in the twenty-fifth month of operation, the franchisee monthly royalty fee increases to 5.0%. In each of these cases, the franchisee has the opportunity to earn the additional 0.5% back via rebate by achieving certain defined customer satisfaction results. Pursuant to franchise agreements entered into with franchisees outside of the US on or after April 1, 2013, we generally collect a royalty fee from franchisees equal to 4.5% of their room revenues throughout the term.


		•	We receive reservation and technology fees, as well as fees related to Returns, in connection with franchising our La Quinta brand. Such fees are recognized based on a percentage of the franchisee’s eligible hotel room revenues or room count. We also perform certain other services for franchisees such as training and revenue management. Revenue for these services is recognized at the time the services are performed.

	Included in franchise and other fee-based revenues are management fees of approximately $0.5 million for the three months ended September 30, 2013, and approximately $0.7 million and $1.7 million for the nine months ended September 30, 2014 and 2013, respectively, which represent fees earned from the Previously Managed Hotels, prior to their acquisition on April 14, 2014. Management fees from hotels include a base fee, which is generally a percentage of hotel revenues. (See Note 9)

	Other hotel revenues include revenues generated by the incidental support of hotel operations for owned hotels and other rental income. We record rental income from operating leases associated with leasing space for restaurants, billboards, and cell towers. Rental income is recognized on a straight-line basis over the life of the respective lease agreement.

	Brand marketing fund revenues from franchise and managed properties represent fees collected from franchised and managed hotels related to maintaining our Brand Marketing Fund (“BMF”). We maintain the BMF on behalf of all La Quinta branded hotel properties, including our owned hotels, from which national marketing and advertising campaign expenses are paid. Each La Quinta branded hotel is charged a percentage of its room revenue from which the expenses of the fund are covered. The corresponding expenditures of the BMF fees collected from franchised and managed hotels are presented as brand marketing fund expenses from franchised and managed hotels in our condensed consolidated statements of operations, resulting in no net impact to operating income or net loss.

	Lodging operations are particularly sensitive to adverse economic and competitive conditions and trends, which could adversely affect the Company’s business, financial condition, and results of operations.
Derivative Instruments	'

	Derivative Instruments— We use derivative instruments as part of our overall strategy to manage our exposure to market risks associated with fluctuations in interest rates. We regularly monitor the financial stability and credit standing of the counterparties to our derivative instruments. We do not enter into derivative financial instruments for trading or speculative purposes.

	We record all derivatives at fair value. On the date the derivative contract is entered, we designate the derivative as one of the following: a hedge of a forecasted transaction or the variability of cash flows to be paid (“cash flow hedge”), a hedge of the fair value of a recognized asset or liability (“fair value hedge”), or an undesignated hedge instrument. Changes in the fair value of a derivative that is qualified, designated and highly effective as a cash flow hedge or net investment hedge are recorded in the condensed consolidated statements of comprehensive income (loss) until they are reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Changes in the fair value of a derivative that is qualified, designated and highly effective as a fair value hedge, along with the gain or loss on the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of undesignated derivative instruments and the ineffective portion of designated derivative instruments are reported in current period earnings. Cash flows from designated derivative financial instruments are classified within the same category as the item being hedged in the condensed consolidated statements of cash flows.

	If we determine that we qualify for and will designate a derivative as a hedging instrument at the designation date, we formally document all relationships between hedging activities, including the risk management objective and strategy for undertaking various hedge transactions. This process includes matching all derivatives that are designated as cash flow hedges to specific forecasted transactions, linking all derivatives designated as fair value hedges to specific assets and liabilities in our condensed consolidated balance sheets, and determining the foreign currency exposure of net investment of the foreign operation for a net investment hedge.



	On a quarterly basis, we assess the effectiveness of our designated hedges in offsetting the variability in the cash flows or fair values of the hedged assets or obligations via use of a statistical regression approach. Additionally, we measure ineffectiveness using the hypothetical derivative method. This method compares the cumulative change in fair value of each hedging instrument to the cumulative change in fair value of a hypothetical hedging instrument, which has terms that identically match the critical terms of the respective hedged transactions. Thus, the hypothetical hedging instrument is presumed to perfectly offset the hedged cash flows. Ineffectiveness results when the cumulative change in the fair value of the hedging instrument exceeds the cumulative change in the fair value of the hypothetical hedging instrument. We discontinue hedge accounting prospectively when the derivative is not highly effective as a hedge, the underlying hedged transaction is no longer probable, or the hedging instrument expires, is sold, terminated or exercised.
Equity-Based Compensation	'

	Equity Based Compensation— We recognize the cost of services received in an equity based payment transaction with an employee as services are received and record either a corresponding increase in equity or a liability, depending on whether the instruments granted satisfy the equity or liability classification criteria.

	The measurement objective for these equity awards is the estimated fair value at the grant date of the equity instruments that we are obligated to issue when employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. The compensation cost for an award classified as an equity instrument is recognized ratably over the requisite service period, including an estimate of forfeitures. The requisite service period is the period during which an employee is required to provide service in exchange for an award.

	Compensation cost for awards with performance conditions is recognized over the requisite service period if it is probable that the performance condition will be satisfied. If such performance conditions are not considered probable until they occur, no compensation expense for these awards is recognized.
Income Taxes	'

	Income Taxes — The accompanying condensed consolidated financial statements include taxable entities, limited liability companies, and, through April 14, 2014, REIT entities. Limited liability companies and REITs generally are not subject to federal income taxes at the entity level. For our taxable subsidiaries, we account for income taxes using the asset and liability approach for financial accounting and reporting purposes. For financial reporting purposes, income tax expense or benefit is based on reported financial accounting income or loss before non-controlling interests and income taxes related to our taxable subsidiaries. Deferred tax assets and liabilities reflect the temporary differences between assets and liabilities recognized for financial reporting and the analogous amounts recognized for tax purposes using the statutory tax rates expected to be in effect for the year in which the differences are expected to reverse, within the taxable subsidiaries.

	Prior to the IPO, certain of our subsidiaries had elected to be treated as REITs for federal income tax purposes under the United States Internal Revenue Code. To qualify as REITs, these subsidiaries had to meet all of the required organizational and operational requirements, including a requirement that the REIT distribute at least 90% of its regular taxable income to its shareholders as dividends eligible for the dividends paid deduction. As of April 14, 2014, the REIT subsidiaries adhered to these requirements. If the REIT subsidiaries fail to qualify as REITs in any taxable year, they would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and might not qualify as REITs for the four subsequent taxable years. For this reason, one of our REITs formed taxable subsidiaries to hold certain assets that could otherwise adversely affect its REIT status. These taxable subsidiaries are subject to federal and state income taxes.

	On April 14, 2014, the La Quinta Predecessor Entities were contributed to Holdings, a “C” corporation, the shares of capital stock held by third-party shareholders of our REIT entities were redeemed for cash totaling approximately $3.9 million, and our REITs were converted into limited liability companies. As a result of these transactions, we have become subject to additional entity-level taxes and, as of April 14, 2014, we recorded a one-time net deferred tax expense of $321.1 million, which reflects the establishment of the associated net deferred tax liability.
Newly Issued and Adopted Accounting Standards	'

	Newly Issued Accounting Standards

	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08. Under the new guidance, only a disposal of a component that represents a major strategic shift of an organization qualifies for discontinued operations reporting. The guidance also requires expanded disclosures about discontinued operations and new disclosures in regards to individually significant disposals that do not qualify for discontinued operations reporting. This guidance is effective for the first interim or annual period beginning on or after December 15, 2014. Early adoption is permitted, but only for disposals that have not been reported in previously-issued financial statements. We are currently evaluating the impact this guidance will have on our financial statements when adopted.



	In May 2014, FASB issued ASU No. 2014-09. The new guidance on revenue from contracts with customers will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective for the interim and annual periods beginning on or after December 15, 2016; early adoption is not permitted. The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and are currently evaluating the impact of the amended guidance on our consolidated financial position, results of operations and related disclosures.

	In June 2014, FASB issued ASU No. 2014-12. The new guidance requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The guidance is effective for the interim and annual periods beginning on or after December 15, 2015; early adoption is permitted. We do not anticipate that the adoption of this standard will have a material impact on our financial position, results of operations and related disclosures.

	In August 2014, FASB issued ASU No. 2014-15. The new guidance establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles in U.S. auditing standards. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued or available to be issued. It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans and requires an express statement and other disclosures when substantial doubt is not alleviated. The guidance is effective for the interim and annual periods beginning on or after December 15, 2016; early adoption is permitted. We do not anticipate that the adoption of this standard will have a material impact on our financial position, results of operations and related disclosures.

	Newly Adopted Accounting Standards

	In July 2013, FASB issued ASU No. 2013-11. This ASU provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists in the applicable jurisdiction to settle any additional income taxes that would result from disallowance of the tax position. We adopted ASU 2013-11 prospectively as of January 1, 2014. The adoption of this ASU did not have a material impact on our financial condition, results of operations, cash flows, or disclosures.

	From time to time, new accounting standards are issued by FASB or other standards setting bodies, which we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of recently issued standards that are not yet effective will not have a material impact on our consolidated financial statements upon adoption.

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation (Tables)	9 Months Ended
Organization and Basis of Presentation (Tables)	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Hotels Owned, Franchised, Managed, and Number of Associated Rooms	'

	As of September 30, 2014 and 2013, total owned, franchised, and managed hotels, and the approximate number of associated rooms were as follows:





			September 30, 2014				September 30, 2013
			# of hotels		# of rooms		# of hotels		# of rooms
	Owned (1)			352		44,800		355		45,200
	Joint Venture			1		200		1		200
	Previously Managed Hotels (2)			—		—		14		1,700
	Franchised			501		40,500		466		37,300

	Totals			854		85,500		836		84,400



	(1)	See discussion of discontinued operations in Note 3.
	(2)	These hotels were, as of September 30, 2013, owned by affiliates of the Funds. On April 14, 2014, these hotels were acquired by Holdco III. (See Notes 4 and 9)
Summary of Assets and Liabilities	'
	As of December 31, 2013, LQM’s assets and liabilities were as follows (in thousands):


	Cash and cash equivalents		$	2,609
	Restricted cash			6,700
	Receivables from affiliates			49,027
	Other current assets			4,472
	Property and equipment, net			21,005
	Intangible assets, net			347
	Accounts payable			25,259
	Accrued expenses and other liabilities			25,670
	Accrued payroll and employee benefits			26,052
	Capital lease obligation (related party)			23,852

Assets_Held_for_Sale_and_Disco1

Assets Held for Sale and Discontinued Operations (Tables)	9 Months Ended
Assets Held for Sale and Discontinued Operations (Tables)	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Major Classes of Assets as Held for Sale	'

	As of December 31, 2013, the carrying amounts of the major classes of assets for the assets held for sale were as follows:





		December 31,
		2013
		(in thousands)
	Current assets	$	118
	Property and equipment, net		7,134
	Other non-current assets		80

	Total assets	$	7,332

Summary of Operating Results from Discontinued Operations	'

	The following table summarizes the operating results of the discontinued operations:





		For the three months				For the nine months
		ended September 30,				ended September 30,
		2014		2013		2014			2013
		(in thousands)
	Hotel revenues	$	—	$	9,647	$	361		$	38,128
	Direct lodging expenses		—		6,190		651			23,329
	Other lodging and operating expenses		—		1,210		62			3,836

	Operating income (loss)		—		2,247		(352	)		10,963
	Depreciation and amortization		—		—		—			(5,047	)
	Impairment loss		—		—		(151	)		(19,913	)
	Gain on sale from discontinued operations		—		7,694		—			7,694

	Income (loss) on discontinued operations, net of tax	$	—	$	9,941	$	(503	)	$	(6,303	)

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
Acquisitions (Tables)	Sep. 30, 2014
Business Combinations [Abstract]	'
Schedule of Unaudited Proforma Results of Operation	'
	The following unaudited pro forma results of operations reflect our results as if the acquisition of the Previously Managed Hotels had occurred on January 1, 2013. In our opinion, all significant adjustments necessary to reflect the effects of the acquisitions have been made (in thousands, except per share data):


		For the three months				For the nine months
		ended September 30,				ended September 30,
		2014		2013		2014			2013
		(in thousands)
	Total revenues	$	271,118	$	246,488	$	760,636		$	700,417
	Net income (loss) attributable to La Quinta Holdings’ stockholders		12,836		24,156		(329,525	)		13,975
	Basic and diluted earnings per share		0.1		0.2		(2.62	)		0.11

Property_and_Equipment_Tables

Property and Equipment (Tables)	9 Months Ended
Property and Equipment (Tables)	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Summary of Property and Equipment	'

	The following is a summary of property and equipment as of September 30, 2014 and December 31, 2013:



		September 30,			December 31,
		2014			2013
		(in thousands)
	Land	$	836,525		$	808,960
	Buildings and improvements		2,781,783			2,635,651
	Furniture, fixtures, equipment and other		413,110			369,235

	Total property and equipment		4,031,418			3,813,846
	Less accumulated depreciation		(1,177,356	)		(1,053,910	)

	Property and equipment, net		2,854,062			2,759,936
	Construction in progress		3,066			1,521

	Total property and equipment, net of accumulated depreciation	$	2,857,128		$	2,761,457

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
Long-Term Debt (Tables)	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-Term Debt	'

	Long-term debt as of September 30, 2014 and December 31, 2013 was as follows:



			September 30,			December 31,
			2014			2013
			(in thousands)
	Current:
	Holdco I & III Mortgage & Mezzanine Loans (1) (2)		$	—		$	2,720,286
	Term Facility (3)			19,450			—

	Current portion of long-term debt		$	19,450		$	2,720,286

	Non-current:
	Term Facility(3)			1,910,756			—

	Total debt		$	1,930,206		$	2,720,286



	(1)	As of September 30, 2014 and December 31, 2013, the 30 day United States dollar London Interbank Offering Rate (“LIBOR”) was 0.15% and 0.17%, respectively. The Mortgage and Mezzanine Loans bore interest as follows:


		•		Through April 14, 2014, portions of the Holdco I Mortgage Loan, with principal totaling $1.03 billion, carried interest at LIBOR plus a spread of 0.55%. The remaining mortgage loan balances, with principal totaling approximately $0.9 billion, were subject to a LIBOR floor of 1.0% plus spreads ranging from 3.891% to 6.803%. The total weighted average spread was 2.892% as of December 31, 2013.


		•		The interest rate for the Holdco III Mortgage Loan as of July 6, 2012 and through April 14, 2014 was LIBOR with a floor of 1.0% plus a spread of 4.5%. Included in the Holdco III Mortgage Loan as of December 31, 2013 is an unamortized long-term debt reduction of $2.3 million, which through April 14, 2014, was amortized using an initial imputed interest rate of 3.45%.


		•		The interest rate for the Mezzanine Loans as of December 31, 2013 was LIBOR plus spreads ranging from 9.0% to 13.9%.


	(2)	As of September 30, 2013, the maturity date and principal payments on the Holdco I & III Mortgage & Mezzanine Loans were as follows:


		•		The modified terms of the Holdco I Mortgage Loan required us to make certain principal payments upon closing and quarterly beginning on the first scheduled loan payment date following September 30, 2012. Concurrently with the consummation of the IPO, the Holdco I Mortgage Loan and Mezzanine Loans were refinanced.


		•		Principal payments on the Holdco III Mortgage Loan were required quarterly equal to the amount of excess cash flows, as defined, held in escrowed accounts over a specified floor. Concurrently with the consummation of the IPO, the Holdco III Mortgage Loan was refinanced.


	(3)	As of September 30, 2014, the interest rate, maturity date and principal payments on the Term Facility were as follows:


		•		The terms of the Term Facility require us to make certain scheduled principal payments quarterly beginning September 30, 2014. Final maturity is April 2021. In June and September 2014, we made voluntary principal pre-payments of $80.0 million and $75.0 million, respectively. Also in September 2014, we made a quarterly scheduled principal payment of $4.9 million.


		•		The interest rate for the Term Facility through September 30, 2014 was LIBOR with a floor of 1.0% plus a spread of 3.0%. Included in the Term Facility as of September 30, 2014 is an unamortized original issue discount of $9.9 million, which is being amortized using an initial imputed interest rate of 4.0%. As of September 30, 2014 we had $19.0 million in accrued interest included within accrued expenses and other liabilities on the accompanying condensed consolidated balance sheet.
Schedule of Interest Expense, Net	'

	Net interest expense, including the impact of our interest rate swap (see Note 7), consisted of the following for the three and nine months ended September 30, 2014 and 2013:





			For the three months						For the nine months
			ended September 30,						ended September 30,
	Description		2014			2013			2014			2013
			(in thousands)
	Term Facility		$	23,222		$	—		$	43,583		$	—
	Mortgage Loan			—			17,408			23,754			51,984
	Holdco III Mortgage Loan			—			3,075			3,206			9,238
	Mezzanine Loans:
	Current			—			2,272			3,107			6,774
	Deferred			—			13,330			18,601			39,525
	Amortization of long-term debt reduction			—			(1,148	)		(1,532	)		(3,446	)
	Amortization of deferred financing costs			1,274			3,345			6,571			6,811
	Other interest			4			4			10			18
	Interest income			(5	)		(58	)		(40	)		(158	)

	Total interest expense, net		$	24,495		$	38,228		$	97,260		$	110,746

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Effects of Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheets

The effects of our derivative instruments on our condensed consolidated balance sheets were as follows:

September 30, 2014

December 31, 2013

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Classification

(in thousands)

Cash Flow Hedges:

Interest rate swap

Other non-current assets

$895

N/A

Non-designated Hedges:

Interest rate caps (1)

Other non-current assets

N/A

Other non-current assets

—

(1)

The fair values of our interest rate caps were immaterial as December 31, 2013. The interest rate caps expired in July 2014.

Earnings Effect of Derivative Instruments in Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Loss)

Classification of Gain

For the three

For the nine

(Loss) Recognized

months

ended September 30,

2014

2013

2014

2013

(in thousands)

Cash Flow Hedges:

Interest rate swap(1)

Other comprehensive income

3,118

—

582

—

Non-designated Hedges:

Interest rate caps

Other income (loss)

—

(135

)

—

(135

)

(1)

There were no amounts recognized in earnings related to hedge ineffectiveness or amounts excluded from hedge effectiveness testing during the three and nine months ended September 30, 2014.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Carrying Amount and Estimated Fair Values of Financial Assets and Liabilities	'

	The carrying amount and estimated fair values of our financial assets and liabilities, which include related current portions, were as follows:



			September 30, 2014				December 31, 2013
			Carrying		Fair Value		Carrying		Fair Value
			Amount		Fair Value		Amount		Fair Value
			(in thousands)
	Cash and cash equivalents (1)		$	108,488	$	108,488	$	33,412	$	33,412
	Restricted Cash (1)			—		—		104,026		104,026
	Interest rate swaps (2)			895		895		—		—
	Long-term debt (3)			1,930,206		1,899,630		2,720,286		2,715,695


	(1)	Classified as Level 1 under the fair value hierarchy.
	(2)	Classified as Level 2 under the fair value hierarchy.
	(3)	Classified as Level 3 under the fair value hierarchy.
Schedule of Fair Value of Assets Measured on Non-recurring Basis and Related Impairment Charges	'

	The following fair value hierarchy table presents information about assets measured at fair value on a nonrecurring basis during the period ended September 30, 2014:



	September 30, 2014		Level 1		Level 2		Level 3		Total Fair		Impairment
	September 30, 2014		Level 1		Level 2		Level 3		Value		Charge
			(in thousands)
	1 La Quinta Inn		$	—	$	—	$	249	$	249	$	5,157




	The following fair value hierarchy table presents information of our hotels classified as assets held for sale measured at fair value on a non-recurring basis as of December 31, 2013, and related impairment charges recorded:



	December 31, 2013		Level 1		Level 2		Level 3		Total Fair		Impairment
	December 31, 2013		Level 1		Level 2		Level 3		Value		Charge
			(in thousands)
	4 La Quinta Inns		$	—	$	—	$	7,134	$	7,134	$	1,113

EquityBased_Compensation_Table

Equity-Based Compensation (Tables)	9 Months Ended
Equity-Based Compensation (Tables)	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Assumptions Used in Determining Fair Value of Performance Unit Grant	'
	The grant date fair value of the 2014 Performance Unit Grant was $19.80 per share, which was determined using a Monte Carlo simulation valuation model with the following assumptions:


	Expected volatility(1)		24.05	%
	Dividend yield(2)		—	%
	Risk-free rate(3)		0.7	%
	Expected term (in years)(4)		2.6

	(1)	Due to limited trading history for our common stock, we did not have sufficient information available on which to base a reasonable and supportable estimate of the expected volatility of our share price. As a result, we used an average historical volatility of our peer group over a time period consistent with our expected term assumption. Our peer group was determined based upon companies in our industry with similar business models and is included with those used to benchmark our executive compensation.
	(2)	We have no foreseeable plans to pay dividends during the expected term of these performance shares.
	(3)	Based on the yields of U.S. Department of Treasury instruments with similar expected lives.
	(4)	Midpoint of the 30-calendar day period preceding the end of the performance period.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Reconciliation of Numerators and Denominators Used for Computation of Basic and Diluted Earnings Per Share	'

	The calculations of basic and diluted earnings per share are as follows:



		For the three months				For the nine months
		ended September 30,				ended September 30,
		2014		2013		2014			2013
		(in thousands, except per share data)
	Numerator:
	Income (loss) from continuing operations attributable to La Quinta Holdings’ stockholders	$	12,817	$	12,629	$	(332,601	)	$	14,951
	Income (loss) from discontinued operations attributable to La Quinta Holdings’ stockholders		—		9,941		(503	)		(6,303	)

	Net income (loss) attributable to La Quinta Holdings’ stockholders	$	12,817	$	22,570	$	(333,104	)	$	8,648

	Denominator:
	Weighted average number of shares outstanding, basic		127,734		121,996		125,542			121,996
	Weighted average number of shares outstanding, diluted		128,494		121,996		125,542			121,996
	Income (loss) from continuing operations attributable to La Quinta Holdings’ stockholders per common share, basic and diluted	$	0.1	$	0.11	$	(2.65	)	$	0.12
	Income (loss) from discontinued operations attributable to La Quinta Holdings’ stockholders per common share, basic and diluted		—		0.08		—			(0.05	)

	Basic and diluted earnings (loss) per share	$	0.1	$	0.19	$	(2.65	)	$	0.07

Segments_Tables

Segments (Tables)	9 Months Ended
Segments (Tables)	Sep. 30, 2014
Segment Reporting [Abstract]	'
Summarized Consolidated Financial Information by Segment	'

	The table below shows summarized consolidated financial information by segment for the three and nine months ended September 30, 2014 and 2013:

			For the three months						For the nine months
			ended September 30,						ended September 30,
			2014			2013			2014			2013
			(in thousands)
	Revenues
	Owned hotels		$	241,266		$	211,569		$	667,564		$	601,504
	Franchise and management (1)			29,054			15,233			68,977			42,232

	Segment revenues			270,320			226,802			736,541			643,736
	Other fee-based revenues from franchise and managed properties			6,158			5,411			16,511			14,594
	Corporate and other (2)			34,026			26,733			88,054			74,424
	Intersegment elimination (3)			(39,386	)		(20,911	)		(92,390	)		(59,370	)

	Total revenues		$	271,118		$	238,035		$	748,716		$	673,384

	Adjusted EBITDA
	Owned hotels		$	87,951		$	88,997		$	249,226		$	246,171
	Franchise and management			29,054			15,233			68,977			42,232

	Segment Adjusted EBITDA			117,005			104,230			318,203			288,403
	Corporate and other			(7,708	)		(10,483	)		(27,944	)		(32,188	)

	Adjusted EBITDA		$	109,297		$	93,747		$	290,259		$	256,215





	(1)	This segment includes intercompany fees which are charged to our owned hotels to reflect that certain functions, such as licensing and management, are included in the franchise and management segment. Prior to the IPO, we charged aggregate fees of 2.0% (0.33% license fees for trademark rights and 1.67% management fee for management services) to our owned hotels. In connection with the IPO, we entered into a new franchise agreement with our owned hotels, which covers certain services as well as trademark rights, and a new management agreement and terminated the existing agreements with our owned hotels. The new agreements, which commenced April 14, 2014, provide for a franchise fee of 4.5% of gross room revenues and a management fee of 2.5% of gross operating revenue for our owned hotels. Our consolidated financial information by segment for periods prior to April 14, 2014 presented herein reflects the historical aggregate fees of 2.0%.
	(2)	Includes revenues related to our brand management programs and other cost reimbursements. The portions of these fees that are charged to our owned hotels, which totaled $51.0 million and $41.4 million for the nine months ended September 30, 2014 and 2013, respectively, and $20.1 million and $14.4 million for the three months ended September 30, 2014 and 2013, respectively, are eliminated in the accompanying condensed consolidated financial statements. The franchise agreement we entered into with our owned hotels upon effectiveness of the IPO also includes a reservation fee of 2.0% of gross room revenues, which is reflected in corporate and other.
	(3)	Includes management, license, franchise, BMF, Returns and other cost reimbursements totaling $39.4 million and $20.9 million for each of the three months periods ended September 30, 2014 and 2013, respectively and $92.4 million and $59.4 million for each of the nine month periods ended September 30, 2014 and 2013, respectively. These fees are charged to owned hotels and are eliminated in the accompanying condensed consolidated financial statements.
Reconciliation of Adjusted EBITDA to EBITDA and EBITDA to Net Loss Attributable to Company	'

	The table below provides a reconciliation of Adjusted EBITDA to EBITDA and EBITDA to net loss attributable to La Quinta Holdings’ stockholders for the three and nine months ended September 30, 2014 and 2013:



			For the three months						For the nine months
			ended September 30,						ended September 30,
			2014			2013			2014			2013
			(in thousands)
	Adjusted EBITDA		$	109,297		$	93,747		$	290,259		$	256,215
	Income (loss) from discontinued operations			—			1,533			(377	)		8,420
	Impairment loss			—			—			(5,308	)		(19,913	)
	Gain on sale from discontinued operations			—			7,694			—			7,694
	Gain (loss) on retirement of assets			—			4			—			(47	)
	Gain related to casualty disasters			108			739			1,106			2,611
	Loss on extinguishment of debt, net			—			—			(2,030	)		—
	Equity based compensation			(8,600	)		—			(39,703	)		—
	Other gains (losses), net (1)			(1,924	)		314			(2,312	)		(3,034	)

	EBITDA			98,881			104,031			241,635			251,946
	Interest expense			(24,500	)		(38,290	)		(97,300	)		(110,908	)
	Income tax provision			(16,162	)		(969	)		(21,860	)		(2,573	)
	Recognition of net deferred tax liabilities upon C-corporation conversion			—			—			(321,054	)		—
	Depreciation and amortization			(45,352	)		(41,796	)		(130,711	)		(128,711	)
	Noncontrolling interests			(50	)		(406	)		(3,814	)		(1,106	)

	Net income (loss) attributable to La Quinta Holdings’ stockholders		$	12,817		$	22,570		$	(333,104	)	$	8,648



	(1)	Other gains (losses), net primarily consists of net income (loss) attributable to the BMF (which, over time, runs at a break-even level, but may reflect a profit or loss from period to period) and litigation reserve adjustments.
Reconciliation of Assets for Reportable Segments to Consolidated Amounts	'



	The following table presents assets for our reportable segments, reconciled to consolidated amounts as of September 30, 2014 and December 31, 2013:



			September 30,			December 31,
			2014			2013
			(in thousands)
	Total Assets
	Owned hotels		$	2,913,039		$	2,925,882
	Franchise and management			193,257			192,191

	Total segments assets			3,106,296			3,118,073
	Corporate and other			134,809			51,761

	Total		$	3,241,105		$	3,169,834

Reconciliation of Capital Expenditures for Reportable Segments to Consolidated Amounts	'
	The following table presents capital expenditures for our reportable segments, reconciled to our consolidated amounts for the nine months ended September 30, 2014 and 2013:


			For the nine months
			ended September 30,
			2014			2013
	Capital Expenditures
	Owned hotels		$	52,019		$	70,625
	Franchise and management			—			—

	Total segment capital expenditures			52,019			70,625
	Corporate and other			13,813			12,354

	Total		$	65,832		$	82,979

Organization_and_Basis_of_Pres2

Organization and Basis of Presentation - Additional Information (Detail) (USD $)	0 Months Ended	9 Months Ended
In Millions, except Share data, unless otherwise specified	Apr. 14, 2014	Sep. 30, 2014	Apr. 14, 2014
	Hotel	Sep. 30, 2014	Apr. 14, 2014
Business Acquisition [Line Items]	'	'	'
Number of hotels acquired	14	'	'
Initial public offering, price per share	'	'	$17
Aggregate of common stock of Holdings	'	130,778,665	'
Business acquisition ownership interest percentage	'	100.00%	'
Business acquisitions cash paid	'	$0.80	'
Parent Company [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Aggregate of common stock of Holdings	'	81,060,000	'
IPO [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Initial public offering, issued and sold	44,000,000	'	'

Organization_and_Basis_of_Pres3

Organization and Basis of Presentation - Summary of Hotels Owned, Franchised, Managed, and Number of Associated Rooms (Detail)	Sep. 30, 2014	Sep. 30, 2013
	Hotel	Hotel
	Room	Room
Investment Holdings [Line Items]	'	'
Number of hotels	854	836
Number of rooms	85,500	84,400
Owned [Member]	'	'
Investment Holdings [Line Items]	'	'
Number of hotels	352	355
Number of rooms	44,800	45,200
Joint Venture [Member]	'	'
Investment Holdings [Line Items]	'	'
Number of hotels	1	1
Number of rooms	200	200
Previously Managed Hotels [Member]	'	'
Investment Holdings [Line Items]	'	'
Number of hotels	'	14
Number of rooms	'	1,700
Franchised [Member]	'	'
Investment Holdings [Line Items]	'	'
Number of hotels	501	466
Number of rooms	40,500	37,300

Organization_and_Basis_of_Pres4

Organization and Basis of Presentation - Summary of Assets and Liabilities (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Components Of Balance Sheet [Line Items]	'	'	'	'
Cash and cash equivalents	$108,488	$33,412	$48,954	$40,813
Restricted cash	'	104,026	'	'
Receivables from affiliates	'	11,181	'	'
Other current assets	10,925	17,087	'	'
Property and equipment, net	2,857,128	2,761,457	'	'
Intangible assets, net	179,768	179,486	'	'
Accounts payable	23,038	30,490	'	'
Accrued expenses and other liabilities	70,700	53,571	'	'
Accrued payroll and employee benefits	31,925	26,302	'	'
Parent Company [Member]	'	'	'	'
Components Of Balance Sheet [Line Items]	'	'	'	'
Cash and cash equivalents	'	2,609	'	'
Restricted cash	'	6,700	'	'
Receivables from affiliates	'	49,027	'	'
Other current assets	'	4,472	'	'
Property and equipment, net	'	21,005	'	'
Intangible assets, net	'	347	'	'
Accounts payable	'	25,259	'	'
Accrued expenses and other liabilities	'	25,670	'	'
Accrued payroll and employee benefits	'	26,052	'	'
Capital lease obligation (related party)	'	$23,852	'	'

Significant_Accounting_Policie2

Significant Accounting Policies and Recently Issued Accounting Standards - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended
	Apr. 14, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Summary Of Significant Accounting Policies [Line Items]	'	'	'	'
Management fees	'	$500,000	$700,000	$1,700,000
Percentage of dividend paid deduction	'	'	90.00%	'
Number of subsequent taxable years	'	'	'4 years	'
Redeemed for cash totaling	3,900,000	'	'	'
Net deferred tax expense	321,100,000	'	-321,054,000	'
Pre Opening Inspections [Member]	'	'	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'	'	'
Pre-opening inspections	'	'	2,500	'
Pre Opening Training Marketing [Member]	'	'	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'	'	'
Pre-opening inspections	'	'	$5,000	'
Franchise Agreements Prior to April 1, 2013 [Member]	'	'	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'	'	'
Royalty fee	'	'	4.00%	'
Royalty fee	'	'	4.50%	'
Increase in royalty fee	'	'	0.50%	'
Franchise Agreements on or after April 1, 2013 [Member]	'	'	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'	'	'
Royalty fee	'	'	4.50%	'
Royalty fee	'	'	5.00%	'
Increase in royalty fee	'	'	0.50%	'
Royalty fee from new franchisees outside of the US	'	'	4.50%	'

Assets_Held_for_Sale_and_Disco2

Assets Held for Sale and Discontinued Operations - Additional Information (Detail)	0 Months Ended	3 Months Ended
	Feb. 06, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013
	Hotel	Hotel	Hotel	Hotel
Asset Retirement Obligations [Line Items]	'	'	'	'
Number of hotels held for sale	'	4	'	44
Number of hotels sold	4	40	40	'
Baymont-branded Hotels [Member]	'	'	'	'
Asset Retirement Obligations [Line Items]	'	'	'	'
Number of hotels held for sale	'	'	'	11

Assets_Held_for_Sale_and_Disco3

Assets Held for Sale and Discontinued Operations - Major Classes of Assets as Held for Sale (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Asset Retirement Obligation Disclosure [Abstract]	'
Current assets	$118
Property and equipment, net	7,134
Other non-current assets	80
Total assets	$7,332

Assets_Held_for_Sale_and_Disco4

Assets Held for Sale and Discontinued Operations - Summary of Operating Results from Discontinued Operations (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Asset Retirement Obligation Disclosure [Abstract]	'	'	'	'
Hotel revenues	'	$9,647	$361	$38,128
Direct lodging expenses	'	6,190	651	23,329
Other lodging and operating expenses	'	1,210	62	3,836
Operating income (loss)	'	2,247	-352	10,963
Depreciation and amortization	'	'	'	-5,047
Impairment loss	'	'	-151	-19,913
Gain on sale from discontinued operations	'	7,694	'	7,694
Income (loss) on discontinued operations, net of tax	'	$9,941	($503)	($6,303)

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail) (USD $)	9 Months Ended	0 Months Ended		0 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Apr. 14, 2014	Apr. 14, 2014	Apr. 14, 2014	Apr. 14, 2014
		Previously Managed Hotels [Member]	Previously Managed Hotels [Member]	Previously Managed Hotels [Member]	Previously Managed Hotels [Member]
				LQ Management L.L.C. (LQM) [Member]	LQ Management L.L.C. (LQM) [Member]
Business Acquisition [Line Items]	'	'	'	'	'
Total purchase price	'	$161.70	'	'	'
Total net consideration paid	'	150.8	'	'	'
Purchase price owed by the parent company	'	'	10.9	'	'
Net consideration paid in the form cash	'	'	76.9	'	'
Net consideration paid in the form equity consideration	'	'	73.9	'	'
Significant assets acquired consist of property and equipment	'	'	166.5	'	'
Significant assets acquired consist of intangible assets	'	'	1.4	'	'
Significant long term liabilities acquired included unfavorable leasehold interests	'	'	5.3	'	'
Business acquisition ownership interest percentage	100.00%	'	'	'	100.00%
Business acquisition cash paid	$0.80	'	'	$0.80	'

Acquisitions_Schedule_of_Unaud

Acquisitions - Schedule of Unaudited Proforma Results of Operation (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Acquisition Pro Forma Results [Abstract]	'	'	'	'
Total revenues	$271,118	$246,488	$760,636	$700,417
Net income (loss) attributable to La Quinta Holdings' stockholders	$12,836	$24,156	($329,525)	$13,975
Basic and diluted earnings per share	$0.10	$0.20	($2.62)	$0.11

Property_and_Equipment_Summary

Property and Equipment - Summary of Property and Equipment (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Property and Equipment, at cost	$4,031,418	$3,813,846
Less accumulated depreciation	-1,177,356	-1,053,910
Property and equipment, net	2,854,062	2,759,936
Construction in progress	3,066	1,521
Total property and equipment, net of accumulated depreciation	2,857,128	2,761,457
Land [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and Equipment, at cost	836,525	808,960
Buildings and Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and Equipment, at cost	2,781,783	2,635,651
Furniture, Fixtures, Equipment and Other [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and Equipment, at cost	$413,110	$369,235

Property_and_Equipment_Additio

Property and Equipment - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Property Plant and Equipment Useful Life And Values [Abstract]	'	'	'	'
Depreciation and amortization expense	$43.10	$39.60	$124.10	$121.70

LongTerm_Debt_Schedule_of_Long

Long-Term Debt - Schedule of Long-Term Debt (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Long-term debt, current	$19,450	$2,720,286
Term Facility, non-current	1,910,756	'
Total debt, non-current	1,930,206	2,720,286
Senior Secured Term Loan Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt, current	19,450	'
Term Facility, non-current	1,910,756	'
Holdco I & III Mortgage & Mezzanine Loans [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt, current	'	$2,720,286

LongTerm_Debt_Schedule_of_Long1

Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Jul. 06, 2012

Dec. 31, 2013

Jul. 06, 2012

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Apr. 14, 2014

Dec. 31, 2013

Apr. 14, 2014

LIBOR [Member]

Mezzanine Loans [Member]

Holdco III Mortgage Loan [Member]

Term Facility [Member]

Holdco I Mortgage Loan [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

0.15%

0.17%

1.00%

Mortgage loan principal amount

$1,030,000,000

Debt instrument, basis spread on variable rate

4.50%

3.00%

0.55%

3.89%

6.80%

Mortgage loan remaining amount

900,000,000

Debt instrument, floor interest rate

1.00%

Weighted average spread interest rate

2.89%

Unamortized long-term debt reduction

2,300,000

9,900,000

Initial imputed interest

3.45%

4.00%

Debt, interest rate terms

'as of December 31, 2013 was LIBOR plus spreads ranging 9.0% to 13.9%

Debt, interest rate

9.00%

13.90%

Principal pre-payment on Term Facility

80,000,000

75,000,000

Quarterly principal payments

4,900,000

Accrued interest

$19,000,000

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

Apr. 14, 2014

Sep. 30, 2014

Apr. 14, 2014

Sep. 30, 2014

Apr. 14, 2014

Voting Stock [Member]

Nonvoting Stock [Member]

Senior Secured Term Loan Facility [Member]

Senior Secured Revolving Facility [Member]

Letter of Credit [Member]

Revolving Facility [Member]

Term Facility and/or Revolving Facility [Member]

Base Rate [Member]

LIBOR [Member]

Step-down One [Member]

Step-down Two [Member]

Maximum [Member]

Minimum [Member]

Base Rate [Member]

LIBOR [Member]

Step-down One [Member]

Step-down Two [Member]

Step-down Three [Member]

First Anniversary [Member]

Base Rate [Member]

LIBOR [Member]

Debt Instrument [Line Items]

Senior secured credit facility

$2,100,000,000

$250,000,000

$50,000,000

Line of credit facility maturity year

'2021

'2019

Additional amount available under the Term Facility and/or the Revolving Facility

350,000,000

First lien net leverage ratio

4.5

5.25

4.5

5.75

First lien net leverage ratio, description

'First lien net leverage ratio of less than or equal to 4.50 to 1.00

'First lien net leverage ratio of less or equal to 5.00 to 1.00

'First lien net leverage ratio of less than or equal to 5.00 to 1.00, 4.50 to 1.00 and 4.00 to 1.00

'First lien net leverage ratio of less than or equal to 6.00 to 1.00

'First lien net leverage ratio of less than or equal to 5.75 to 1.00

Loss on Extinguishment of Debt

-2,030,000

Debt Issuance Cost

28,700,000

Debt Issuance Cost net

27,100,000

Debt, interest rate terms

'A rate equal to a margin over either (a) a base rate determined by reference to the highest of (1) the JPM prime lending rate, (2) the Federal Funds Effective Rate plus 1/2 of 1.00% and (3) the adjusted LIBOR rate for a one-month interest period plus 1.00% or (b) a LIBOR rate determined by reference to the Reuters LIBOR rate for the interest period relevant to such borrowing.

Federal funds effective rate description

'Federal Funds Effective Rate plus 1/2 of 1.00%

Adjusted LIBOR rate

1.00%

Revolving facility margin rate

2.00%

3.00%

1.50%

0.25%

Step-down rate

0.25%

25.00%

0.00%

2.50%

Debt instrument, floor interest rate

2.00%

1.00%

Commitment fee rate

0.50%

25.00%

Step-down commitment fee rate

0.38%

Ticking fee

1,800,000

Step-down percentage of excess cash flow

50.00%

Net cash proceeds, percentage of prepayments

100.00%

Sale of assets reinvestment period

'12 months

Sale of assets commitment period

'180 days

Percentage of net proceeds of debt

100.00%

Prepayment premium on voluntary prepayment

1.00%

Quarterly installments on term loan percentage

0.25%

Percentage of capital stock

65.00%

100.00%

Letters of credit outstanding

20,000,000

Net leverage ratio

Proceeds from letters of credit

$5,700,000

Percentage of fee on letter of credit

2.63%

LongTerm_Debt_Schedule_of_Inte

Long-Term Debt - Schedule of Interest Expense, Net (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest Expense [Line Items]	'	'	'	'
Mortgage Loan	'	$17,408	$23,754	$51,984
Deferred	'	'	18,601	39,525
Amortization of long-term debt reduction	'	-1,148	-1,532	-3,446
Amortization of deferred financing costs	1,274	3,345	6,571	6,811
Other interest	4	4	10	18
Interest income	-5	-58	-40	-158
Total interest expense, net	24,495	38,228	97,260	110,746
Term Facility [Member]	'	'	'	'
Interest Expense [Line Items]	'	'	'	'
Mortgage Loan	23,222	'	43,583	'
Holdco III Mortgage Loan [Member]	'	'	'	'
Interest Expense [Line Items]	'	'	'	'
Mortgage Loan	'	3,075	3,206	9,238
Mezzanine Loans [Member]	'	'	'	'
Interest Expense [Line Items]	'	'	'	'
Current	'	2,272	3,107	6,774
Deferred	'	$13,330	$18,601	$39,525

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Additional Information (Detail) (Term Facility Interest Rate Swap [Member], USD $)	0 Months Ended
In Millions, unless otherwise specified	Apr. 14, 2014	Apr. 14, 2014
Term Facility Interest Rate Swap [Member]	'	'
Derivative [Line Items]	'	'
Aggregate notional amount	'	$850
Interest rate swap agreement expiration date	'2019-04-14	'
Loan fixed-rate under new credit agreement	'	2.03%
LIBOR floor percentage	'	1.00%

Derivative_Instruments_and_Hed3

Derivative Instruments and Hedging Activities - Effects of Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheets (Detail) (Other Non-Current Assets [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Interest Rate Swap [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash Flow Hedge Derivative Instrument Assets at Fair Value	$895	'
Interest Rate Caps [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	'	'

Derivative_Instruments_and_Hed4

Derivative Instruments and Hedging Activities - Earnings Effect of Derivative Instruments in Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Derivative Instruments Classification of Gain (Loss) Recognized	$3,118	'	$582	'
Cash Flow Hedges [Member] \| Interest Rate Swap [Member] \| Other Comprehensive Income [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Derivative Instruments Classification of Gain (Loss) Recognized	3,118	'	582	'
Non-Designated Hedges [Member] \| Interest Rate Caps [Member] \| Other Income (Loss) [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Derivative Instruments Classification of Gain (Loss) Recognized	'	($135)	'	($135)

Derivative_Instruments_and_Hed5

Derivative Instruments and Hedging Activities - Earnings Effect of Derivative Instruments in Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Offsetting [Abstract]	'	'
Amounts recognized in earnings related to hedge ineffectiveness	$0	$0

Fair_Value_Measurements_Carryi

Fair Value Measurements - Carrying Amount and Estimated Fair Values of Financial Assets and Liabilities (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]	'	'	'	'
Cash and cash equivalents, carrying amount	$108,488	$33,412	$48,954	$40,813
Restricted Cash, carrying amount	'	104,026	'	'
Interest rate swaps, carrying amount	895	'	'	'
Long-term debt, carrying amount	1,930,206	2,720,286	'	'
Cash and cash equivalents, fair value	108,488	33,412	'	'
Restricted Cash, fair value	'	104,026	'	'
Interest rate swaps, fair value	895	'	'	'
Long-term debt, fair value	$1,899,630	$2,715,695	'	'

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Long-term Debt [Member]	Long-term Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Short-term interest-bearing term	'	'90 days	'	'	'
Discount rate	'	'	'	4.30%	5.30%
Impairment charges	$0	$5,157	$0	'	'

Fair_Value_Measurements_Schedu

Fair Value Measurements - Schedule of Fair Value of Assets Measured on Non-recurring Basis and Related Impairment Charges (Detail) (USD $)	3 Months Ended	9 Months Ended		12 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014
				4 La Quinta Inns [Member]	1 La Quinta Inns [Member]	Level 1 [Member]	Level 2 [Member]	Level 3 [Member]	Level 3 [Member]
						1 La Quinta Inns [Member]	1 La Quinta Inns [Member]	4 La Quinta Inns [Member]	1 La Quinta Inns [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'	'
Fair value of assets held for sale	'	'	'	$7,134	$249	'	'	$7,134	$249
Impairment charge of assets held for sale	$0	$5,157	$0	$1,113	$5,157	'	'	'	'

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended			9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Apr. 14, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Related Party Transactions [Abstract]	'	'	'	'	'	'
Management fee	'	1.67%	'	'	'	'
LQM management agreements expiration date	'	31-Jul-27	'	'	'	'
Management fees earned by LQM	'	$0.20	$0.20	'	$0.50	'
Service reimbursement	'	0.2	0.2	'	0.5	'
Brand marketing fund fee percentage	'	'	'	2.50%	'	'
Return fee percentage	'	'	'	5.00%	'	'
Revenues related to Managed Hotels	'	0.3	0.2	'	0.7	'
Royalty fee percentage	'	0.33%	'	'	'	'
Royalty fees	'	0.1	0.1	'	0.1	'
Receivables from / Payable to parent company of Managed Hotels	1	'	'	1	'	10.9
Purchase products and services from affiliates	$0.80	'	$0.80	$2.30	$2.40	'

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	Sep. 30, 2014	Jul. 07, 2014
In Millions, unless otherwise specified	Sep. 30, 2014	Internal Revenue Service (IRS) [Member]
Commitments And Contingencies [Line Items]	'	'
Notice of taxable adjustment from IRS	'	$158
Operating Loss Carryforwards	'	89
Tax rate impose on REIT, federal and state tax authorities	'	100.00%
Purchase commitments	22	'
Outstanding commitments owed to various franchisees	$1.60	'

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Apr. 14, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Apr. 14, 2014
Income Tax Disclosure [Abstract]	'	'	'	'	'	'
Amount redeemed for REIT entities	$3,900,000	'	'	'	'	'
Net deferred tax expense	321,100,000	'	'	-321,054,000	'	'
Federal and State income Tax Rate	38.10%	'	'	'	'	'
Total Deferred Tax Liabilities	'	'	'	'	'	462,300,000
Total Deferred Tax Assets	'	'	'	'	'	141,200,000
Provision for federal, state and foreign income taxes	'	$16,100,000	$1,000,000	$21,900,000	$2,500,000	'

Employee_Benefit_Plans_Additio

Employee Benefit Plans - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Employer contributions	$0.60	$0.50	$1.50	$1.40
Employee Earnings First 3% [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Percentage of employer matching contribution	'	'	100.00%	'
Percentage of employee's eligible earnings	'	'	3.00%	'
Employee Earnings Next 2% [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Percentage of employer matching contribution	'	'	50.00%	'
Percentage of employee's eligible earnings	'	'	2.00%	'

EquityBased_Compensation_Addit

Equity-Based Compensation - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended
	Jun. 11, 2014	Sep. 30, 2014	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Total Compensation expense	'	$8,600,000	$39,703,000
Common Stock, shares issued	'	130,778,665	130,778,665
Performance Unit Grant [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Grant-date fair value	'	'	$19.80
Promote Plan [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Expense accrued or recognized for Units granted	'	'	0
Issuance of vested and unvested restricted shares	'	'	3,100,000
Initial public offering price	'	$17	$17
Holding percentage	'	50.00%	50.00%
Total Compensation expense	'	5,400,000	31,700,000
Unrecognized compensation expense	'	'	20,100,000
Forfeited shares for stock based compensation	'	'	9,658
Promote Plan [Member] \| Common Stock [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Percentage of common shares vested	'	'	40.00%
Promote Plan [Member] \| Restricted Stock [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Percentage of common shares vested	'	'	40.00%
Promote Plan [Member] \| Restricted Stock [Member] \| Blackstone [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Percentage of common shares vested	'	'	20.00%
2014 Omnibus Incentive Plan [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Issuance of vested and unvested restricted shares	'	'	350,000
Initial public offering price	'	$16.65	$16.65
Holding percentage	'	50.00%	50.00%
Total Compensation expense	'	3,200,000	7,900,000
Unrecognized compensation expense	'	'	$25,700,000
Forfeited shares for stock based compensation	'	'	620
Common Stock, shares issued	1,010,000	'	'
Grant price	$18.70	'	'
Performance unit grant, remaining life	'	'	'1 year 7 months 6 days
Common stock shares available for future issuance	'	11,600,000	11,600,000
2014 Omnibus Incentive Plan [Member] \| Common Stock [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Percentage of common shares vested	'	'	50.00%
2014 Omnibus Incentive Plan [Member] \| Restricted Stock [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Percentage of common shares vested	'	'	40.00%
2014 Omnibus Incentive Plan [Member] \| Restricted Stock [Member] \| Blackstone [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Percentage of common shares vested	'	'	10.00%
2014 Omnibus Incentive Plan [Member] \| Restricted Stock Units (RSUs) [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Shares granted during the period	16,044	'	'
Grant-date fair value	$18.70	'	'
2014 Omnibus Incentive Plan [Member] \| Performance-based RSUs [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Common Stock, shares issued	500,000	'	'
Performance unit grant, remaining life	'	'	'2 years 3 months 18 days
Restricted stock units issued	109	'	'
Description of value of units granted under the plan	'	'	'The calculation of the value of the units granted under the 2014 Performance Unit Grant is weighted as follows 70% based on the Company's total shareholder return ("TSR") relative to the total shareholder returns of a defined set of peer companies ("Relative Shareholder Return"); and 30% based on the Company's absolute TSR compound annual growth rate ("TSR CAGR").
2014 Omnibus Incentive Plan [Member] \| Performance-based RSUs [Member] \| Minimum [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Payout range	'	'	33.00%
2014 Omnibus Incentive Plan [Member] \| Performance-based RSUs [Member] \| Maximum [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Payout range	'	'	167.00%

EquityBased_Compensation_Assum

Equity-Based Compensation - Assumptions Used in Determining Fair Value of Performance Unit Grant (Detail) (Performance Unit Grant [Member])	9 Months Ended
	Sep. 30, 2014
Performance Unit Grant [Member]	'
Schedule Of Share Based Compensation Valuation Assumptions [Line Items]	'
Expected volatility	24.05%
Dividend yield	'
Risk-free rate	0.70%
Expected term (in years)	'2 years 7 months 6 days

Earnings_Per_Share_Reconciliat

Earnings Per Share - Reconciliation of Numerators and Denominators Used for Computation of Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Income (loss) from continuing operations, attributable to La Quinta Holdings' shareholders	$12,817	$12,629	($332,601)	$14,951
Income (loss) from discontinued operations, attributable to La Quinta Holdings' shareholders	'	9,941	-503	-6,303
Net income (loss) attributable to La Quinta Holdings' shareholders	$12,817	$22,570	($333,104)	$8,648
Denominator:	'	'	'	'
Weighted average number of shares outstanding, basic	127,734	121,996	125,542	121,996
Weighted average number of shares outstanding, diluted	128,494	121,996	125,542	121,996
Income (loss) from continuing operations attributable to La Quinta Holdings' shareholders per common share, basic and diluted	$0.10	$0.11	($2.65)	$0.12
Income (loss) from discontinued operations attributable to La Quinta Holdings' shareholders per common share, basic and diluted	'	$0.08	'	($0.05)
Basic and diluted earnings (loss) per share	$0.10	$0.19	($2.65)	$0.07

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Anti-dilutive securities excluded from computation of diluted shares	0.3	'	1.2	'

Segments_Summarized_Consolidat

Segments - Summarized Consolidated Financial Information by Segment (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	$271,118	$238,035	$748,716	$673,384
Adjusted EBITDA	109,297	93,747	290,259	256,215
Operating Segments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	270,320	226,802	736,541	643,736
Adjusted EBITDA	117,005	104,230	318,203	288,403
Corporate and Other [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	34,026	26,733	88,054	74,424
Adjusted EBITDA	-7,708	-10,483	-27,944	-32,188
Other Fee-based Revenues from Franchise and Managed Properties [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	6,158	5,411	16,511	14,594
Intersegment Elimination [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	-39,386	-20,911	-92,390	-59,370
Owned Hotels [Member] \| Operating Segments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	241,266	211,569	667,564	601,504
Adjusted EBITDA	87,951	88,997	249,226	246,171
Franchise and Management [Member] \| Operating Segments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	29,054	15,233	68,977	42,232
Adjusted EBITDA	$29,054	$15,233	$68,977	$42,232

Segments_Summarized_Consolidat1

Segments - Summarized Consolidated Financial Information by Segment (Parenthetical) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Franchise fee percentage	'	'	4.50%	'
Management fee percentage	'	'	2.50%	'
Revenue from owned hotels	$20.10	$14.40	$51	$41.40
Reservation fee percentage	'	'	2.00%	'
Fee charged to owned hotels	$39.40	$20.90	$92.40	$59.40
Trademark Rights [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
License fee percentage	'	'	0.33%	'
Historical Aggregate Fees [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Franchise and management fee percentage prior to IPO	'	'	2.00%	'
Scenario, Previously Reported [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Franchise and management fee percentage prior to IPO	'	'	2.00%	'
Scenario, Previously Reported [Member] \| Trademarks Fees [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
License fee percentage	'	'	1.67%	'

Segments_Reconciliation_of_Adj

Segments - Reconciliation of Adjusted EBITDA to EBITDA and EBITDA to Net Loss Attributable to Company (Detail) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Apr. 14, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting [Abstract]	'	'	'	'	'
Adjusted EBITDA	'	$109,297	$93,747	$290,259	$256,215
Income (loss) from discontinued operations	'	'	1,533	-377	8,420
Impairment loss	'	'	'	-5,308	-19,913
Gain on sale from discontinued operations	'	'	7,694	'	7,694
Gain (loss) on retirement of assets	'	'	4	'	-47
Gain related to casualty disasters	'	108	739	1,106	2,611
Loss on extinguishment of debt, net	'	'	'	-2,030	'
Equity based compensation	'	-8,600	'	-39,703	'
Other gains (losses), net	'	-1,924	314	-2,312	-3,034
EBITDA	'	98,881	104,031	241,635	251,946
Interest expense	'	-24,500	-38,290	-97,300	-110,908
Income tax provision	'	-16,162	-969	-21,860	-2,573
Recognition of net deferred tax liabilities upon C-corporation conversion	321,100	'	'	-321,054	'
Depreciation and amortization	'	-45,352	-41,796	-130,711	-128,711
Noncontrolling interests	'	-50	-406	-3,814	-1,106
Net Income (Loss) attributable to La Quinta Holdings' stockholders	'	$12,817	$22,570	($333,104)	$8,648

Segments_Reconciliation_of_Ass

Segments - Reconciliation of Assets for Reportable Segments to Consolidated Amounts (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	$3,241,105	$3,169,834
Operating Segments [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	3,106,296	3,118,073
Operating Segments [Member] \| Owned Hotels [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	2,913,039	2,925,882
Operating Segments [Member] \| Franchise and Management [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	193,257	192,191
Corporate and Other [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	$134,809	$51,761

Segments_Reconciliation_of_Cap

Segments - Reconciliation of Capital Expenditures for Reportable Segments to Consolidated Amounts (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting, Other Significant Reconciling Item [Line Items]	'	'
Capital Expenditures	$65,832	$82,979
Operating Segments [Member]	'	'
Segment Reporting, Other Significant Reconciling Item [Line Items]	'	'
Capital Expenditures	52,019	70,625
Operating Segments [Member] \| Owned Hotels [Member]	'	'
Segment Reporting, Other Significant Reconciling Item [Line Items]	'	'
Capital Expenditures	52,019	70,625
Corporate and Other [Member]	'	'
Segment Reporting, Other Significant Reconciling Item [Line Items]	'	'
Capital Expenditures	$13,813	$12,354