Lasalle Hotel Properties Declares Dividend

LaSalle Hotel Properties (NYSE: LHO) today announced its monthly dividend of $0.07 per share of its common shares of beneficial interest for each of the months of January, February and March 2004.

The January dividend will be paid on February 13, 2004 to common shareholders of record on January 30, 2004; the February dividend will be paid on March 15, 2004 to common shareholders of record on February 27, 2004; and the March dividend will be paid on April 15, 2004 to common shareholders of record on March 31, 2004. This represents a 4.3 percent annualized yield based on the Company`s closing share price on January 14, 2004.
LaSalle Hotel Properties is a leading multi-tenant, multi-operator real estate investment trust, which owns interests in 17 upscale and luxury full-service hotels, totaling approximately 5,600 guest rooms in 12 markets in 10 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 Marriott International, Inc., Radisson Hotels International, Inc., Starwood Hotels & Resorts Worldwide, Inc., Crestline Hotels and Resorts, Inc., Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Interstate Hotels Corporation, Benchmark Hospitality, and the Kimpton Hotel & Restaurant Group, LLC.