LaSalle Hotel Properties Declares Dividend for the Fourth Quarter 2015, Yielding 7.0 Percent
December 15 2015 - 8:18AM
Business Wire
LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly
dividend of $0.45 per common share of beneficial interest for the
quarter ending December 31, 2015. The dividend represents an annual
run rate of $1.80 per share and a 7.0 percent yield based on the
closing share price on December 14, 2015.
The fourth quarter dividend will be paid on January 15, 2016 to
common shareholders of record on December 31, 2015.
LaSalle Hotel Properties is a leading multi-operator real estate
investment trust. The Company owns 47 hotels and a mezzanine loan
secured by two hotels in Santa Monica, California. 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,
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151215005960/en/
LaSalle Hotel PropertiesBruce A. Riggins or Max D. Leinweber,
301-941-1500
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