Press Release: LaSalle Hotel Properties
July 16, 2002
BETHESDA, MD -- LaSalle Hotel Properties (NYSE: LHO) yesterday announced its quarterly dividend of $0.01 per share
of its common shares of beneficial interest for the second quarter ended June 30, 2002. The dividend is payable
on August 15, 2002 to shareholders of record as of July 31, 2002.
LaSalle Hotel Properties is a leading multi-tenant, multi-operator real estate investment trust ("REIT"),
which owns 17 upscale and luxury full- service hotels, totaling approximately 5,900 guest rooms in 13 markets in
11 states and the District of Columbia. LaSalle Hotel Properties focuses on investing in upscale and luxury full-service
hotels located in urban, resort and convention markets. The Company seeks to grow through strategic relationships
with premier internationally recognized hotel operating companies including Marriott International, Inc., Radisson
Hotels International, Inc., Starwood Hotels & Resorts Worldwide, Inc., Crestline Hotels & Resorts, Inc.,
Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, and the Kimpton Hotel &
Restaurant Group, LLC.
For additional information, please visit our web site at www.lasallehotels.com
.
CONTACT: Raymond Martz, Vice President of Finance-Investor Relations -- Bethesda, or Hans Weger, Chief Financial
Officer, both of LaSalle Hotel Properties, +1-301-941-1516.
SOURCE: LaSalle Hotel Properties