LaSalle Hotel Properties Announces Sale of 6,700,000 Common Shares

  LaSalle Hotel Properties Announces Sale of 6,700,000 Common Shares

Business Wire

BETHESDA, Md. -- October 21, 2013

LaSalle Hotel Properties (NYSE:LHO) today announced the sale of 6,700,000
common shares to Citigroup and Deutsche Bank Securities as underwriters in an
underwritten public offering pursuant to its effective shelf registration
statement previously filed with the Securities and Exchange Commission. The
Company has also granted the underwriters an option to purchase up to
1,005,000 additional shares.

The Company intends to use the net proceeds of this offering to reduce amounts
outstanding under the Company’s senior unsecured credit facility.

Citigroup and Deutsche Bank Securities are acting as the underwriters for the
offering. A copy of the prospectus supplement and prospectus relating to these
securities may be obtained by contacting (a) Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Tel:
800-831-9146, (b) Deutsche Bank Securities Inc., 60 Wall Street, New York, New
York 10005, Attention: Prospectus Group, Telephone (800) 503-4611 or email at
prospectus.cpdg@db.com, or (c) the Internet site of the Securities and
Exchange Commission at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of these securities in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any state. The
offering may be made only by means of the prospectus and related prospectus
supplement.

LaSalle Hotel Properties is a leading multi-operator real estate investment
trust. The Company owns 45 hotels and a mezzanine loan secured by two hotels
in Santa Monica, CA. The properties are upscale, full-service hotels, totaling
approximately 11,400 guest rooms in 14 markets in 10 states and the District
of Columbia. The Company focuses on owning, redeveloping and repositioning
upscale, full-service hotels located in urban, resort and convention markets.
LaSalle Hotel Properties seeks to grow through strategic relationships with
premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels
Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt
Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation,
Commune Hotels and Resorts, Davidson Hotel Company, Denihan Hospitality Group,
the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels &
Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group,
Highgate Hotels and Access Hotels & Resorts.

This press release, together with other statements and information publicly
disseminated by the Company, contain certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The Company
intends such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995 and includes this statement for purposes of
complying with these safe harbor provisions. Forward-looking statements, which
are based on certain assumptions and describe the Company's future plans,
strategies and expectations, are generally identifiable by use of the words
“will,” "believe," "expect," "intend," "anticipate," "estimate," "project" or
similar expressions. Forward-looking statements in this press release include,
among others, statements about the terms and size of the offering and the use
of proceeds from the offering. You should not rely on forward-looking
statements since they involve known and unknown risks, uncertainties and other
factors that are, in some cases, beyond the Company's control and which could
materially affect actual results, performances or achievements. Factors that
may cause actual results to differ materially from current expectations
include, but are not limited to, (i) the Company’s dependence on third-party
managers of its hotels, including its inability to implement strategic
business decisions directly, (ii) risks associated with the hotel industry,
including competition, increases in wages, energy costs and other operating
costs, actual or threatened terrorist attacks, downturns in general and local
economic conditions and cancellation of or delays in the completion of
anticipated demand generators, (iii) the availability and terms of financing
and capital and the general volatility of securities markets, (iv) risks
associated with the real estate industry, including environmental
contamination and costs of complying with the Americans with Disabilities Act
and similar laws, (v) interest rate increases, (vi) the possible failure of
the Company to qualify as a REIT and the risk of changes in laws affecting
REITs, (vii) the possibility of uninsured losses, (viii) risks associated with
redevelopment and repositioning projects, including delays and cost overruns
and (ix) the risk factors discussed in the Company’s Annual Report on Form
10-K as updated in its Quarterly Reports. Accordingly, there is no assurance
that the Company's expectations will be realized. Except as otherwise required
by the federal securities laws, the Company disclaims any obligation or
undertaking to publicly release any updates or revisions to any
forward-looking statement contained herein (or elsewhere) to reflect any
change in the Company’s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based.

Contact:

LaSalle Hotel Properties
Bruce Riggins or Kenneth Fuller
301-941-1500