Mission Statement:
To provide a reliable stream of income with moderate long-term earnings growth to our shareholders through opportunistic investments in high-quality lodging properties.
LaSalle Hotel Properties is a leading real estate investment trust (REIT), owning 31 upscale and luxury full-service hotels and resorts, totaling approximately 8,500 guestrooms in 14 markets in 11 states and the District of Columbia. The Company focuses on investing in upscale and luxury full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to increase shareholder value through strategic investments, aggressive asset management and partnering with premier hotel operating companies.
The Company is a self-managed and self-administered REIT. A REIT is a legal entity that holds real estate interests and may reduce its federal taxable income to the extent it distributes taxable dividends to its shareholders. The Company currently pays dividends to common shareholders on a monthly basis. The primary objectives of the Company are to provide a reliable stream of income to shareholders through increases in distributable cash flow and increase long-term shareholder returns.
LaSalle Hotel Properties is a group of professional hotel investors, asset managers and financial experts, not operators. The Company hand picks each addition to the portfolio to ensure consistency with stringent investment criteria and objectives. Our portfolio is in the forefront of design, quality and service enhancements providing each guest with an experience rather than just a place to sleep and meet.
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