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LaSalle Hotel Properties Announces Board Authorization of Share Repurchase Program

^{Published on 2011-08-29 06:21:47 - Market Wire}
 

BETHESDA, Md.--([ BUSINESS WIRE ])--LaSalle Hotel Properties (NYSE: LHO) today announced that its Board of Trustees has authorized a share repurchase program to acquire up to $100.0 million of the Companya™s common stock.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 35 upscale full-service hotels, totaling over 8,700 guest rooms in 13 markets in 9 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, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc. and Viceroy Hotel Group.

For additional information or to receive press releases via e-mail, please visit our website at [ www.lasallehotels.com ].