LaSalle Hotel Properties Announces First Quarter Dividend Company Declares First Quarter Dividend of $0.385 Per Share

Apr 12, 2001, 01:00 ET from LaSalle Hotel Properties

    BETHESDA, Md., April 12 /PRNewswire/ -- LaSalle Hotel Properties
 (NYSE:   LHO) today announced its quarterly dividend of $0.385 per share of its
 common shares of beneficial interest for the first quarter ended March 31,
 2001.  The dividend represents an annual yield of 10.0 percent based on the
 stock's closing price on April 12, 2001.  The dividend is payable on May 15,
 2001 to shareholders of record as of April 30, 2001.
     LaSalle Hotel Properties is a leading multi-tenant, multi-operator real
 estate investment trust, which owns 17 upscale and luxury full-service hotels,
 totaling approximately 5,800 guest rooms in 14 markets in 11 states and the
 District of Columbia.  LaSalle Hotel Properties focuses on investing in
 upscale and luxury full-service hotels located in urban, resort and convention
 markets.  The Company seeks to grow through strategic relationships with
 premier internationally recognized hotel operating companies including
 Le Meridien Hotels & Resorts, Marriott International, Inc., Radisson Hotels
 International, Inc., Crestline Hotels and Resorts, Inc., Outrigger Lodging
 Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, and the
 Kimpton Hotel & Restaurant Group, LLC.
 
 

SOURCE LaSalle Hotel Properties
    BETHESDA, Md., April 12 /PRNewswire/ -- LaSalle Hotel Properties
 (NYSE:   LHO) today announced its quarterly dividend of $0.385 per share of its
 common shares of beneficial interest for the first quarter ended March 31,
 2001.  The dividend represents an annual yield of 10.0 percent based on the
 stock's closing price on April 12, 2001.  The dividend is payable on May 15,
 2001 to shareholders of record as of April 30, 2001.
     LaSalle Hotel Properties is a leading multi-tenant, multi-operator real
 estate investment trust, which owns 17 upscale and luxury full-service hotels,
 totaling approximately 5,800 guest rooms in 14 markets in 11 states and the
 District of Columbia.  LaSalle Hotel Properties focuses on investing in
 upscale and luxury full-service hotels located in urban, resort and convention
 markets.  The Company seeks to grow through strategic relationships with
 premier internationally recognized hotel operating companies including
 Le Meridien Hotels & Resorts, Marriott International, Inc., Radisson Hotels
 International, Inc., Crestline Hotels and Resorts, Inc., Outrigger Lodging
 Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, and the
 Kimpton Hotel & Restaurant Group, LLC.
 
 SOURCE  LaSalle Hotel Properties