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LaSalle Hotel Properties Increases Dividend to 20 Cents


Published on 2012-04-18 13:26:03 - Market Wire
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BETHESDA, Md.--([ ])--LaSalle Hotel Properties (NYSE: LHO) today announced that it increased its dividend to $0.20 per common share of beneficial interest for the quarter ending June 30, 2012. The second quarter dividend will be paid on July 13, 2012 to common shareholders of record on June 29, 2012.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 38 upscale full-service hotels, totaling approximately 10,200 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., Viceroy Hotel Group, Highgate Hotels and Access Hotels & Resorts.

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

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