Press Release: LaSalle Hotel Properties
December 15, 2000
BETHESDA, MD -- LaSalle Hotel Properties (NYSE: LHO) has announced its quarterly dividend of $0.385 per share of
its common shares of beneficial interest for the fourth quarter ended December 31, 2000. The dividend represents
an annual yield of 10.8 percent based on the stock's closing price on December 14, 2000. The dividend is payable
on January 15, 2001 to shareholders of record as of December 29, 2000.
LaSalle Hotel Properties is a leading multi-tenant, multi-operator real estate investment trust which owns 13 upscale
and luxury full-service hotels, totaling approximately 5,300 guest rooms in 13 markets in 11 states. LaSalle Hotel
Properties is focused 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 Le Meridien Hotels & Resorts, Marriott International, Inc., Radisson Hotels International,
Inc., Crestline Hotels and Resorts, Inc., Outrigger Lodging Services, Noble House Hotels & Resorts and Hyatt
Hotels Corporation.
For additional information, please visit our web site at www.lasallehotels.com
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SOURCE: LaSalle Hotel Properties