LaSalle Hotel Properties is focused on earning attractive returns through the ownership of upscale full-service hotels located in urban, resort and convention markets. Our hotel acquisition and investment strategies have been developed through our proprietary research and the experience of our hotel focused investment professionals. The Company’s acquisition investment strategy focuses on hotels and resorts located in markets where the barriers to new supply are the greatest and the demand for rooms is strong and predictable.
- Focused on long-term shareholder value.
- Diversified high-quality portfolio consisting of upscale full-service hotels located in urban, resort and convention markets. See Charts
- LaSalle Hotel Properties seeks to lower risk through:
- geographic diversification of hotels;
- market type diversification (resort, urban and convention);
- multiple hotel operators;
- both branded and independent hotels;
- conservative balance sheet management;
- consistent strategies and research-based investments; and
- continuously investing in existing assets.
- The Company seeks to achieve revenue growth principally through:
- renovations and/or expansions at selected hotels;
- acquisitions of full-service hotels located in convention, resort and major urban markets in the United States, especially upscale hotels in such markets where the Company perceives strong demand growth or significant barriers to entry; and
- selective development/redevelopment of hotel properties, particularly upscale full-service hotels in high demand markets where development economics are favorable.
- When consistent with our investment strategies, the Company intends to acquire hotels in targeted markets and which may:
- possess unique competitive advantages in the form of location, physical facilities or other attributes;
- are available at significant discount to replacement cost;
- benefit from brand or franchise conversion, new management, renovations or redevelopment or other active and aggressive asset management strategies; and
- have expansion opportunities.
- Balance sheet strategy:
- maintain low leverage (debt to EBITDA);
- utilize variable and fixed rate debt to hedge the economic cycle;
- utilize unsecured debt to provide strategic flexibility; and
- stagger debt maturities to lower risk.
Special Note: Statements in LaSalle Hotel Properties web site relating to possible or assumed future results of our business, financial condition, liquidity, plans and objectives, including, without limitation, our ownership, development and acquisition of upscale and luxury full-service hotels, are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, the general volatility of the capital markets; changes in our business or investment strategy; changes in our industry and the local markets in which we operate, interest rates or the general U.S. economy; the possibility that we may not be able to successfully integrate acquisitions in new markets with our current business operations; our dependence on third-party managers of our hotels; and additional factors discussed periodically in our reports filed with the Securities and Exchange Commission.
