LaSalle Hotel Properties has completed the acquisition of two hotels in Philadelphia and one in San Francisco, while selling off an asset in New Jersey.
The Bethesda, MD-based hospitality REIT acquired the 294-room Westin Philadelphia and the 288-room Embassy Suites Philadelphia-Center City from HEI Hotels & Resorts (HEI) for a total of $224 million. HEI will continue to operate the hotels on behalf of LaSalle.
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Showing posts with label LaSalle Hotel Properties. Show all posts
Showing posts with label LaSalle Hotel Properties. Show all posts
Saturday, September 4, 2010
Wednesday, July 21, 2010
LaSalle Hotel Properties Reports Second Quarter Results
BETHESDA, Md., Jul 21, 2010 (BUSINESS WIRE) -- LaSalle Hotel Properties /quotes/comstock/13*!lho/quotes/nls/lho (LHO 21.66, -0.42, -1.90%) today reported net income to common shareholders of $8.0 million, or $0.11 per diluted share for the quarter ended June 30, 2010, compared to net income of $8.2 million, or $0.16 per diluted share for the second quarter of 2009.
For the quarter ended June 30, 2010, the Company generated funds from operations ("FFO") of $35.9 million versus $35.6 million for the second quarter of 2009. On a per diluted share basis, FFO for the second quarter was $0.52, compared to $0.70 for the same period of 2009.
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For the quarter ended June 30, 2010, the Company generated funds from operations ("FFO") of $35.9 million versus $35.6 million for the second quarter of 2009. On a per diluted share basis, FFO for the second quarter was $0.52, compared to $0.70 for the same period of 2009.
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Thursday, July 23, 2009
LASALLE HOTEL PROPERTIES REPORTS SECOND QUARTER RESULTS
BETHESDA, MD, July 22, 2009 -- LaSalle Hotel Properties (NYSE: LHO) today reported net
income to common shareholders of $8.2 million, or $0.16 per diluted share for the quarter ended June 30, 2009, compared to net income of $20.5 million, or $0.51 per diluted share for the second quarter of 2008.
For the quarter ended June 30, 2009, the Company generated funds from operations (“FFO”) of
$35.6 million versus $47.4 million for the second quarter of 2008. On a per diluted share basis, FFO for the second quarter was $0.70, compared to $1.18 for the same period of 2008.
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http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTA4MTZ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
income to common shareholders of $8.2 million, or $0.16 per diluted share for the quarter ended June 30, 2009, compared to net income of $20.5 million, or $0.51 per diluted share for the second quarter of 2008.
For the quarter ended June 30, 2009, the Company generated funds from operations (“FFO”) of
$35.6 million versus $47.4 million for the second quarter of 2008. On a per diluted share basis, FFO for the second quarter was $0.70, compared to $1.18 for the same period of 2008.
Read more:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTA4MTZ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
Wednesday, June 10, 2009
Friday, April 24, 2009
Thursday, April 23, 2009
LASALLE HOTEL PROPERTIES REPORTS FIRST QUARTER RESULTS
BETHESDA, MD, April 22, 2009 – LaSalle Hotel Properties (NYSE: LHO) today reported a net loss to common shareholders of $18.9 million, or ($0.46) per diluted share for the quarter ended March 31, 2009, compared to a net loss of $14.8 million, or ($0.37) per diluted share for the first quarter of 2008.
For the quarter ended March 31, 2009, the Company generated funds from operations ("FFO") of $8.6 million versus $9.8 million for the first quarter of 2008. On a per diluted share basis, FFO for the quarter was $0.21, compared to $0.24 for the same period of 2008.
For the quarter ended March 31, 2009, the Company generated funds from operations ("FFO") of $8.6 million versus $9.8 million for the first quarter of 2008. On a per diluted share basis, FFO for the quarter was $0.21, compared to $0.24 for the same period of 2008.
