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 almost 11,400 guest rooms in 14 markets in ten states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale and luxury, full-service hotels located in convention, resort and major urban business markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging 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 quarterly basis. The primary objectives of the Company are to provide income and moderate long-term earnings growth to our shareholders through opportunistic investments in high-quality lodging properties.
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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