LaSalle Hotel Properties Announces Public Offering Price for 6,700,000 Common Shares

  LaSalle Hotel Properties Announces Public Offering Price for 6,700,000
  Common Shares

Business Wire

BETHESDA, Md. -- October 22, 2013

LaSalle Hotel Properties (NYSE:LHO) today announced that the public offering
price for the 6,700,000 common shares previously sold to Citigroup and
Deutsche Bank Securities as underwriters of the offering, is $30.05 per share.
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 served 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 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
 
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