LaSalle Hotel Properties Increases Quarterly Dividend 20 Percent to $0.45

LaSalle Hotel Properties (NYSE: LHO) today announced that it increased its dividend to $0.45 per common share of beneficial interest for the quarter ending June 30, 2015. The second quarter dividend will be paid on July 15, 2015 to common shareholders of record on June 30, 2015.

“We are very excited to announce that we have increased the common dividend by 20 percent to an annualized rate of $1.80 per diluted share,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “The increase reflects the strong growth our portfolio has delivered throughout the cycle. The dividend represents a 4.8 percent yield on our stock price as of yesterday’s closing stock price.”

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 47 hotels. The properties are upscale, full-service hotels, totaling more than 12,000 guest rooms in 14 markets in 10 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, Commune Hotels and Resorts, 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.

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