LaSalle Hotel Properties Increases Quarterly Dividend 20 Percent to $0.45
April 22 2015 - 4:07PM
Business Wire
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.
For additional information or to receive press
releases via e-mail, please visit our website at
www.lasallehotels.com.
LaSalle Hotel PropertiesBruce A. Riggins, 301-941-1500
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