LASALLE HOTEL PPTYS
			Symbol			LHO

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LaSalle Hotel Properties Reports Third Quarter Results

2009-10-21 16:35 ET - News Release

Company Reports 30.8 Percent Hotel EBITDA Margin for the Quarter

Company Website: http://www.lasallehotels.com
BETHESDA, Md. -- (Business Wire)

LaSalle Hotel Properties (NYSE:LHO) today reported net income to common shareholders of $3.4 million, or $0.05 per diluted share for the quarter ended September 30, 2009 compared to net income of $12.5 million, or $0.30 per diluted share for the third quarter of 2008.

For the quarter ended September 30, 2009, the Company generated funds from operations (“FFO”) of $30.7 million versus $39.9 million for the third quarter of 2008. On a per diluted share basis, FFO for the third quarter was $0.49, compared to $0.99 for the same period of 2008.

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