LASALLE HOTEL PROPERTIES

LASALLE HOTEL PROPERTIES

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Company Overview
LaSalle Hotel Properties is engaged in managing and administering real estate investment trust. The company was founded in 1998, and it has its headquarters located in Montgomery, Maryland in the United States.
LaSalle Hotel is a leading real estate investment trust company. It owns 31 upscale and luxury full-service hotels and resorts, which total at approximately 8,500 guestrooms in 14 markets in 11 states and the District of Columbia.
The company is focused on investing in upscale and luxury full-service hotels located in urban areas, resort and convention markets. It has primary objectives which are to provide a reliable stream of income to shareholders through increase in distributable cash flow and increase long-term shareholder returns.
LaSalle Hotel Properties forms a group of professional hotel investors, asset managers and financial experts. It picks personally each addition to the portfolio to provide insurance to the consistency with stringent investment criteria and objectives.
The company partners with premier hotel operators. It has existing relationships with Hyatt Hotels & Resorts, White Lodging Services Corp., Outrigger Lodging Services, Noble House Hotels & Resorts, Sheratorr Hotels & Resorts, Kimpton Hotels & Restaurants, Davidson Hotel Company, Unua Thompson Hotels, Westin Hotels & Resorts, Benchmark Hospitality, Gemstone, and Denihan Hospitality Group Management & Investments.
The company’s mission is to provide a reliable stream of income with moderate long-term earnings growth to it shareholders through opportunistic investments in high-quality lodging properties.
Business Summary
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). As of December 31, 2009, the Company owned interests in 31 hotels with approximately 8,500 rooms/suites located in 11 states and the District of Columbia. The Company also owns a 95.0% joint venture interest in a property under development. The Company’s operations are conducted, through LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership. On February 2, 2010, the Company’s joint venture arrangement with LaSalle Investment Management was mutually dissolved. On March 1, 2010, the Company completed the acquisition of the Sofitel Washington, DC Lafayette Square, a hotel with 237 guestrooms. As of December 31, 2009, its 31 hotels were leased by LaSalle Hotel Lessee, Inc., and were managed and operated by third parties.
Description and history
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). As of December 31, 2009, the Company owned interests in 31 hotels with approximately 8,500 rooms/suites located in 11 states and the District of Columbia. The Company also owns a 95.0% joint venture interest in a property under development. The Company’s operations are conducted, through LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership. On February 2, 2010, the Company’s joint venture arrangement with LaSalle Investment Management was mutually dissolved. On March 1, 2010, the Company completed the acquisition of the Sofitel Washington, DC Lafayette Square, a hotel with 237 guestrooms.

As of December 31, 2009, its 31 hotels were leased by LaSalle Hotel Lessee, Inc., and were managed and operated by third parties. As of December 31, 2009, the Company’s hotel properties included Sheraton Bloomington Hotel Minneapolis South, Westin City Center Dallas, Seaview Resort, Le Montrose Suite Hotel, San Diego Paradise Point Resort and Spa, Harborside Hyatt Conference Center & Hotel, Hotel Viking, Topaz Hotel, Hotel Rouge, Hotel Madera, Hotel Helix, The Liaison Capitol Hill, Lansdowne Resort, Hotel George, Indianapolis Marriott Downtown, Hilton Alexandria Old Town, Chaminade Resort and Conference Center, Hilton San Diego Gaslamp Quarter, The Grafton on Sunset, Onyx Hotel, Westin Copley Place, Hotel Deca, The Hilton San Diego Resort and Spa, Donovan House, Le Parc Suite Hotel, Westin Michigan Avenue, Alexis Hotel, Hotel Solamar, Gild Hall and Hotel Amarano Burbank.

Business Line
Engaged in managing and administering real estate investment trust
Subsidiary
DC I&G CAPITAL LESSEE, L.L.C.
Advisor
KPMG LLP
IPO date
4/1998
US SIC Code
6798
Company Address
Suite 1200
3, Bethesda Metro Center
City province or state postal code
20814, BETHESDA, MD
Phone: +1 301 941 1500
Fax: +1 301 941 1553
Country address: UNITED STATES OF AMERICA
Website url: www.lasallehotels.com