LaSalle Hotel Properties Increases Quarterly Dividend 34 Percent to $0.375

LaSalle Hotel Properties (NYSE:LHO) today announced that it increased its dividend to $0.375 per common share of beneficial interest for the quarter ending June 30, 2014. The second quarter dividend will be paid on July 15, 2014 to common shareholders of record on June 30, 2014.

“We are very excited to announce that we have increased the common dividend by 34 percent to an annual run rate of $1.50,” 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 recovery and our expectation that there remains growth in the cycle. The dividend represents a 4.6 percent yield on yesterday’s closing stock price.”

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 46 hotels. The properties are upscale, full-service hotels, totaling approximately 11,600 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.

For additional information or to receive press releases via e-mail, please visit our website at www.lasallehotels.com

LaSalle Hotel PropertiesBruce A. Riggins or Kenneth G. Fuller301/941-1500

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