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 LaSalle Hotel Properties Reports 2nd Qtr 2008 Net Income to Common
Shareholders Increased to $20.5 million Compared to $19.4 million
in the Previous Year

Total Revenues Increased to $201.3 million from $184.7 million

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BETHESDA, Md July 24, 2008 - LaSalle Hotel Properties (NYSE:LHO) today reported net income to common shareholders of $20.5 million, or $0.51 per diluted share for the second quarter ended June 30, 2008, compared to net income of $19.4 million, or $0.48 per diluted share for the same prior year period. 

For the second quarter ended June 30, 2008, the Company generated funds from operations (“FFO”) of $47.4 million versus $42.3 million for the same period of 2007, an increase of 12.1 percent. On a per diluted share basis, FFO for the second quarter 2008 rose to $1.18 from $1.05 a year ago, an increase of 12.6 percent. The Company’s earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the second quarter increased 8.4 percent to $70.5 million from $65.0 million for the same period of 2007. 

Room revenue per available room (“RevPAR”) increased 5.3 percent for the second quarter to $174.38 versus the previous year. Average daily rate (“ADR”) increased 2.6 percent to $214.38 compared to the second quarter of 2007, while occupancy increased 2.6 percent to 81.3 percent. The Company’s RevPAR outperformance compared to the overall lodging industry was primarily attributable to the performance of hotels that benefited from the Company’s numerous recently completed redevelopments, repositionings and renovation projects. 

The Company’s hotels generated $73.1 million of EBITDA (“Hotel EBITDA”) in the second quarter compared with $68.0 million last year. Hotel EBITDA margins across the Company’s portfolio increased 69 basis points from the prior year period. The increase in portfolio-wide hotel EBITDA margins was primarily attributable to a 5.5 percent increase in portfolio-wide hotel revenues while limiting expense increases to 4.3 percent from the prior year. 

“The solid performance of our recently renovated and repositioned hotels drove favorable results for the Company and significant outperformance as compared to the industry in the quarter,” said Jon Bortz, Chairman and Chief Executive Officer of LaSalle Hotel Properties. “With our major renovations and repositionings materially complete and now ramping up, we anticipate that our portfolio will fare better than the industry on a RevPAR basis for the remainder of 2008, as it did in the second quarter. We also continue to aggressively asset manage our properties, working closely with our managers to operate more efficiently during this difficult economic environment.” 

As of the end of the second quarter 2008, the Company had total outstanding debt of $965.5 million. The Company’s $450.0 million credit facility had an outstanding balance of $169.0 million as of June 30, 2008. Trailing 12 month Corporate EBITDA (as defined in the Company’s senior unsecured credit facility) to interest coverage ratio was 4.3 times. Including the impact of adding back $0.7 million of capitalized interest to interest expense, the weighted average interest rate of the Company’s debt was 5.1 percent in the quarter. As of June 30, 2008, total debt to trailing 12 month Corporate EBITDA equaled 4.5 times. 

“We have no debt maturities for the remainder of 2008, significant capacity available on our $450.0 million credit facility and 18 of our 31 hotels are unencumbered by debt,” stated Hans Weger, the Company’s Chief Financial Officer. “We continue to be committed to maintaining a strong balance sheet during these uncertain times.” 

For the six months ended June 30, 2008, net income to common shareholders decreased to $5.7 million from $35.0 million for the prior year period. Net income for the six months ended June 30, 2007 included a $30.3 million gain on sale of the LaGuardia Marriott and the negative impact from the $3.9 million non-cash write-off of the initial issuance costs of the Series A Preferred Shares due to their redemption in March 2007. For the six months ended June 30, 2008, FFO increased to $57.2 million, or $1.43 per diluted share, from $49.9 million, or $1.24 per diluted share for the prior year period. FFO for 2007 included the negative impact from the $3.9 million related to the issuance costs of the Series A Preferred Shares. EBITDA for the six months ended June 30, 2008 decreased to $95.0 million from $123.8 million for the prior year period. EBITDA for 2007 included the $30.3 million gain on sale of the LaGuardia Marriott. 

RevPAR increased 2.6 percent for the six months ended June 30, 2008 to $146.42 versus the prior year period. The growth in RevPAR was almost entirely due to ADR growth of 2.3 percent to $200.58. Occupancy rose 0.3 percent to a healthy 73.0 percent for the six months ended June 30, 2008. 

For the six months ended June 30, 2008, the Company’s hotels generated $101.0 million of Hotel EBITDA compared with $99.6 million for the same period last year. Hotel EBITDA margins across the Company’s portfolio decreased 29 basis points from the prior year period. The decrease in portfolio-wide hotel EBITDA margins was primarily attributable to increases in wages and benefits, sales and marketing expenses and a 14.9 percent increase in property taxes over the first half of 2007. 

Second Quarter Highlights 

On April 15, 2008, the Company announced its monthly dividend of $0.17 per share of its common shares of beneficial interest for each of the three months of April, May and June 2008. The April dividend was paid on May 15, 2008 to common shareholders of record on April 30, 2008; the May dividend was paid on June 13, 2008 to common shareholders of record on May 30, 2008; and the June dividend was paid on July 15, 2008 to common shareholders of record on June 30, 2008. 

On April 17, 2008, the Company and LaSalle Investment Management announced a joint venture to seek domestic hotel investments in high barrier-to-entry urban and resort markets in the U.S. The two companies plan to invest up to an aggregate of $250 million of equity in the joint venture. This would result in investments of up to $700 million when combined with targeted leverage. LaSalle Hotel Properties will own 15 percent of the joint venture and have the opportunity to earn a greater percentage of sale proceeds based upon achieving specific return thresholds on total joint venture equity investments. The Company will also receive additional income for providing acquisition, asset management, project redevelopment oversight and certain financing services. 

On June 2, 2008, the Board of Trustees of LaSalle Hotel Properties adopted a succession plan with respect to its Chairman, Chief Executive Officer and President Jon E. Bortz and its Chief Operating Officer Michael D. Barnello. Pursuant to the succession plan, Mr. Bortz will retire as Chief Executive Officer as of July 1, 2010, and Mr. Barnello, who has been Chief Operating Officer since the Company’s inception, will assume the role and duties of Chief Executive Officer at that time. The succession plan includes Mr. Bortz continuing in his role as Chairman of the Board after his retirement. Effective June 2, 2008, Mr. Barnello was named President of LaSalle Hotel Properties. 

Subsequent Events 

On July 15, 2008, the Company announced it was increasing its monthly dividend to $0.175 per common share for each of the three months of July, August and September 2008. The July dividend will be paid on August 15, 2008 to common shareholders of record on July 31, 2008; the August dividend will be paid on September 15, 2008 to common shareholders of record on August 29, 2008; and the September dividend will be paid on October 15, 2008 to common shareholders of record on September 30, 2008. 

“This represents the sixth consecutive year the Company has increased its common share dividend,” stated Mr. Weger, “demonstrating the Company’s commitment to consistent income growth for its shareholders.” 

On July 21, 2008, in connection with the Company’s previously announced succession plan, the Board of Trustees increased the number of trustees constituting the full Board of Trustees to eight, and appointed Michael D. Barnello, our President and Chief Operating Officer, as a trustee effective immediately (initially to the class of trustees whose terms expire in 2009) to serve until his successor is duly elected and qualified. In addition, Julio Morales was named Chief Accounting Officer effective immediately. Mr. Morales, 47, has been with the Company since June 2000 and has acted as Controller of the Company since that time. Mr. Morales will continue to have responsibility for the day-to-day accounting functions of the Company and will continue to report to Hans S. Weger, the Company’s Executive Vice President and Chief Financial Officer. 
 
 

 2008 Outlook
Due to worsening economic and lodging fundamentals, the Company is reducing its industry and Company outlook. Assuming no major geopolitical events that might negatively impact the economy or the travel business, our revised outlook for 2008 is as follows:

                         Current        Previous          Change
                     --------------- --------------- -----------------
Industry RevPAR
 Growth               (2.0%) - 0.0%    0.0% - 3.0%    (2.0%) - (3.0%)
Company RevPAR
 Growth                0.0% - 2.0%     2.0% - 5.0%    (2.0%) - (3.0%)
Net Income/Diluted
 Share                $0.40 - $0.54   $0.64 - $0.89  ($0.24) - ($0.35)
FFO/Diluted Share     $3.02 - $3.16   $3.16 - $3.41  ($0.14) - ($0.25)
EBITDA (millions)    $199.8 - $205.4 $205.9 - $217.1 ($6.1) - ($11.7)
 
 

The 2008 full year outlook is based on the following major assumptions:

                      Current          Previous           Change
                 ------------------ --------------- ------------------
Portfolio Hotel
 EBITDA Margins  (100bps) - (50bps) (50bps) - 50bps (50bps) - (100bps)
Corporate
 General &
 Administrative
 Expense
 (millions)        $17.4 - $17.7     $15.6 - $15.9     $1.8 - $1.8
Non-Cash Income
 Tax Expense
 (millions)         $0.5 - $1.6       $0.5 - $1.6      $0.0 - $0.0
Weighted Average
 Outstanding
 Debt (millions)  $965.0 - $975.0   $900.0 - $910.0   $65.0 - $65.0
Interest Expense
 (millions)        $48.7 - $49.0     $49.3 - $49.6   ($0.6) - ($0.6)
Weighted Average
 Fully Diluted
 Shares & Units
 (millions)             40.1             40.3             (0.2)
 
 

The outlook for the second half of 2008 is as follows:

                                        3rd Quarter
                         ---------------------------------------------
                            Current      Previous         Change
                         ------------- ------------- -----------------
RevPAR Growth            (1.5%) - 1.5% Not Provided         N/A
FFO/Diluted Share        $0.97 - $1.05 $1.13 - $1.20 ($0.16) - ($0.15)
EBITDA (millions)        $59.6 - $63.2 $67.2 - $70.4  ($7.6) - ($7.2)
 
 

                                        4th Quarter
                         ---------------------------------------------
                            Current      Previous         Change
                         ------------- ------------- -----------------
RevPAR Growth            (2.0%) - 2.0% Not Provided         N/A
FFO/Diluted Share        $0.62 - $0.68 $0.67 - $0.73 ($0.05) - ($0.05)
EBITDA (millions)        $45.2 - $47.2 $46.0 - $49.0  ($0.8) - ($1.8)
 
 

LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 31 upscale and luxury full-service hotels, totaling approximately 8,500 guest rooms in 14 markets in 11 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale and luxury 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, Sheraton Hotels & Resorts Worldwide, Inc., Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Gemstone Hotels & Resorts, LLC, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group and the Kimpton Hotel & Restaurant Group, LLC.
This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. Forward-looking statements in this press release include, among others, statements about the economy, industry fundamentals, the Company's CEO succession plan, the effects of the Company's renovation and repositioning strategy, performance improvements, general and administrative expenses, interest expense, tax expense, shares and units, EBITDA, FFO, and Net Income. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, (i) the Company's dependence on third-party managers of its hotels, including its inability to implement strategic business decisions directly, (ii) risks associated with the hotel industry, including competition, increases in wages, energy costs and other operating costs, actual or threatened terrorist attacks, downturns in general and local economic conditions and cancellation of or delays in the completion of anticipated demand generators, (iii) the availability and terms of financing and capital and the general volatility of securities markets, (iv) risks associated with the real estate industry, including environmental contamination and costs of complying with the Americans with Disabilities Act and similar laws, (v) interest rate increases, (vi) the possible failure of the Company to qualify as a REIT and the risk of changes in laws affecting REITs, (vii) the possibility of uninsured losses, (viii) risks associated with redevelopment and repositioning projects, including delays and cost overruns, and (ix) the risk factors discussed in the Company's Annual Report on Form 10-K as updated in its Quarterly Reports. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
For additional information or to receive press releases via e-mail, please visit our website at www.lasallehotels.com

                       LASALLE HOTEL PROPERTIES
                Consolidated Statements of Operations
            (Dollars in thousands, except per share data)
                             (Unaudited)

                           For the three months   For the six months
                                   ended                 ended
                                 June 30,              June 30,
                           --------------------- ---------------------
                              2008       2007       2008       2007
                           ---------- ---------- ---------- ----------
Revenues:
  Hotel operating
   revenues:
    Room revenue           $ 127,203  $ 114,944  $ 207,701  $ 195,659
    Food and beverage
     revenue                  52,222     48,372     84,762     83,526
    Other operating
     department revenue       14,318     13,017     23,889     22,355
                           ---------- ---------- ---------- ----------
      Total hotel
       operating revenues    193,743    176,333    316,352    301,540
  Participating lease
   revenue                     5,057      7,143     10,564     12,660
  Other income                 2,496      1,240      4,040      2,438
                           ---------- ---------- ---------- ----------
      Total revenues         201,296    184,716    330,956    316,638
                           ---------- ---------- ---------- ----------
Expenses:
  Hotel operating
   expenses:
    Room                      27,361     24,054     48,848     44,895
    Food and beverage         33,530     31,050     58,216     57,199
    Other direct               6,640      6,316     11,328     11,143
    Other indirect            46,575     44,336     86,086     82,797
                           ---------- ---------- ---------- ----------
      Total hotel
       operating expenses    114,106    105,756    204,478    196,034
  Depreciation and
   amortization               26,819     22,945     51,560     45,085
  Real estate taxes,
   personal property taxes
   and insurance               9,865      8,299     18,666     16,445
  Ground rent                  1,997      1,728      3,545      3,169
  General and
   administrative              4,170      3,488      7,828      7,398
  Other expenses                 682        658      1,504      1,233
                           ---------- ---------- ---------- ----------
      Total operating
       expenses              157,639    142,874    287,581    269,364
                           ---------- ---------- ---------- ----------
  Operating income            43,657     41,842     43,375     47,274
    Interest income               26        199        109      1,023
    Interest expense         (12,362)   (11,868)   (23,831)   (23,311)
                           ---------- ---------- ---------- ----------
Income before income tax
 benefit, minority
 interest and discontinued
 operations                   31,321     30,173     19,653     24,986
Income tax (expense)
 benefit                      (3,738)    (3,632)       117       (251)
Minority interest in loss
 of consolidated entities          4          -          5          -
Minority interest of
 common units in Operating
 Partnership                     (72)       (69)       (53)      (143)
Minority interest of
 preferred units in
 Operating Partnership        (1,346)    (1,531)    (2,759)    (3,057)
  Equity in earnings of
   joint venture                   -         27          -         27
                           ---------- ---------- ---------- ----------
Income from continuing
 operations                   26,169     24,968     16,963     21,562
                           ---------- ---------- ---------- ----------

Discontinued operations:
  Income from operations
   of property disposed
   of, including gain on
   sale                            -         16          -     30,341
  Minority interest, net
   of tax                          -          -          -         (1)
  Income tax benefit               -          -          -         73
                           ---------- ---------- ---------- ----------
  Net income from
   discontinued operations         -         16          -     30,413
                           ---------- ---------- ---------- ----------

Net income                    26,169     24,984     16,963     51,975
Distributions to preferred
 shareholders                 (5,624)    (5,624)   (11,248)   (13,095)
Issuance costs of redeemed
 preferred shares                  -          -          -     (3,868)
                           ---------- ---------- ---------- ----------
Net income applicable to
 common shareholders       $  20,545  $  19,360  $   5,715  $  35,012
                           ========== ========== ========== ==========
 
 

                       LASALLE HOTEL PROPERTIES
          Consolidated Statements of Operations - Continued
            (Dollars in thousands, except per share data)
                             (Unaudited)

                        For the three months     For the six months
                                ended                   ended
                              June 30,                June 30,
                       ----------------------- -----------------------
                           2008        2007        2008        2007
                       ----------- ----------- ----------- -----------
Earnings per Common
 Share - Basic:
  Net income
   applicable to
   common shareholders
   before discontinued
   operations and
   after dividends on
   unvested restricted
   shares              $      0.51 $      0.48 $      0.14 $      0.11
  Discontinued
   operations                    -           -           -        0.76
                       ----------- ----------- ----------- -----------
  Net income
   applicable to
   common shareholders
   after dividends on
   unvested restricted
   shares              $      0.51 $      0.48 $      0.14 $      0.87
                       =========== =========== =========== ===========

Earnings per Common
 Share - Diluted:
  Net income
   applicable to
   common shareholders
   before discontinued
   operations          $      0.51 $      0.48 $      0.14 $      0.11
  Discontinued
   operations                    -           -           -        0.76
                       ----------- ----------- ----------- -----------
  Net income
   applicable to
   common shareholders $      0.51 $      0.48 $      0.14 $      0.87
                       =========== =========== =========== ===========

Weighted average
 number of common
 shares outstanding:
  Basic                 39,919,144  39,854,720  39,919,144  39,849,367
  Diluted               39,978,272  40,133,572  39,994,301  40,132,087
 
 

                       LASALLE HOTEL PROPERTIES
                            FFO and EBITDA
              (Dollars in thousands, except share data)
                             (Unaudited)

                 For the three months ended  For the six months ended
                          June 30,                   June 30,
                 --------------------------- -------------------------
                     2008          2007          2008         2007
                 ------------- ------------- ------------ ------------

Funds From
 Operations
 (FFO):
Net income
 applicable to
 common
 shareholders    $     20,545  $     19,360  $     5,715  $    35,012
Depreciation           26,595        22,722       51,163       44,738
Amortization of
 deferred lease
 costs                    181           122          304          246
Minority
 interest:
  Minority
   interest in
   consolidated
   entities                (4)            -           (5)           -
  Minority
   interest of
   common units
   in Operating
   Partnership             72            69           53          143
  Minority
   interest in
   discontinued
   operations               -             -            -            1
Less: Net gain
 on sale of
 property
 disposed of                -           (16)           -      (30,278)

                 ------------- ------------- ------------ ------------
  FFO            $     47,389  $     42,257  $    57,230  $    49,862
                 ============= ============= ============ ============

Weighted average
 number of
 common shares
 and units
 outstanding
  Basic            40,022,674    39,958,250   40,022,674   39,952,897
  Diluted          40,081,802    40,237,102   40,097,831   40,235,617
 
 

                 For the three months ended  For the six months ended
                          June 30,                   June 30,
                 --------------------------- -------------------------
                     2008          2007          2008         2007
                 ------------- ------------- ------------ ------------
Earnings Before
 Interest,
 Taxes,
 Depreciation
 and
 Amortization
 (EBITDA):
Net income
 applicable to
 common
 shareholders    $     20,545  $     19,360  $     5,715  $    35,012
Interest expense       12,362        11,868       23,831       23,311
Income tax
 expense
 (benefit):
  Income tax
   expense
   (benefit)            3,738         3,632         (117)         251
  Income tax
   (benefit)
   from
   discontinued
   operations               -             -            -          (73)
Depreciation and
 amortization          26,819        22,945       51,560       45,136
Minority
 interest:
  Minority
   interest in
   consolidated
   entities                (4)            -           (5)           -
  Minority
   interest of
   common units
   in Operating
   Partnership             72            69           53          143
  Minority
   interest of
   preferred
   units in
   Operating
   Partnership          1,346         1,531        2,759        3,057
  Minority
   interest in
   discontinued
   operations               -             -            -            1
Distributions to
 preferred
 shareholders           5,624         5,624       11,248       16,963
                 ------------- ------------- ------------ ------------

  EBITDA         $     70,502  $     65,029  $    95,044  $   123,801

  Corporate
   expense              5,340         4,524       10,251        9,389
  Interest and
   other income        (2,522)       (1,466)      (4,149)      (3,488)
  Participating
   lease
   adjustments
   (net)                  538           400          431          458
  Hotel level
   adjustments
   (net)                 (779)         (476)        (554)        (135)
  Income from
   operations of
   property
   disposed of,
   including
   gain on sale             -           (16)           -      (30,392)

                 ------------- ------------- ------------ ------------
  Hotel EBITDA   $     73,079  $     67,995  $   101,023  $    99,633
                 ============= ============= ============ ============
 
 

Notes:
With respect to Hotel EBITDA, the Company believes that excluding the
 effect of corporate-level expenses, non-cash items, and the portion
 of these items related to unconsolidated entities, provides a more
 complete understanding of the operating results over which individual
 hotels and operators have direct control. We believe property-level
 results provide investors with supplemental information on the
 ongoing operational performance of our hotels and effectiveness of
 management in running our business on a property-level basis.

Hotel EBITDA includes the operating data for all properties leased to
 LHL and to third parties for the three and six months ended June 30,
 2008 and 2007 excluding the Donovan House. Chaminade Resort is
 excluded from January (closed for renovations) in the six months
 ended June 30, 2008 and 2007.
 
 

                       LASALLE HOTEL PROPERTIES
                        Hotel Operational Data
                  Schedule of Property Level Results
                        (Dollars in thousands)
                             (Unaudited)

                   For the three months ended For the six months ended
                            June 30,                  June 30,
                   -------------------------- ------------------------
                       2008          2007        2008         2007
                   ------------- ------------ ----------- ------------
Revenues
  Room             $     131,363 $    124,727 $   219,844 $    213,214
  Food and
   beverage               55,190       51,914      91,325       90,780
  Other                   14,218       13,752      24,189       23,575
                   ------------- ------------ ----------- ------------
Total hotel
 revenues                200,771      190,393     335,358      327,569
                   ------------- ------------ ----------- ------------

Expenses
  Room                    27,527       25,715      50,663       47,861
  Food and
   beverage               34,887       32,864      61,669       60,940
  Other direct             6,725        6,656      11,710       11,748
  General and
   administrative         14,128       13,377      27,354       25,424
  Sales and
   marketing              12,865       12,667      24,565       23,675
  Management fees          7,458        7,731      11,333       11,964
  Property
   operations and
   maintenance             6,542        6,829      12,890       13,288
  Energy and
   utilities               5,670        5,755      11,532       12,018
  Property taxes           8,511        7,239      16,212       14,108
  Other fixed
   expenses                3,379        3,565       6,407        6,910
                   ------------- ------------ ----------- ------------
Total hotel
 expenses                127,692      122,398     234,335      227,936
                   ------------- ------------ ----------- ------------

Hotel EBITDA       $      73,079 $     67,995 $   101,023 $     99,633
                   ============= ============ =========== ============
 
 

Note:
This schedule includes the operating data for all properties leased to
 LHL, and to third parties as of June 30, 2008, excluding the Donovan
 House. Chaminade Resort is excluded from January (closed for
 renovations).
 
 

                       LASALLE HOTEL PROPERTIES
                   Statistical Data for the Hotels
                             (Unaudited)

                                       For the three    For the six
                                         months ended    months ended
                                          June 30,        June 30,
                                       --------------- ---------------
                                        2008    2007    2008    2007
                                       ------- ------- ------- -------
  TOTAL PORTFOLIO
  Occupancy                              81.3%   79.3%   73.0%   72.8%
    Increase/(Decrease)                   2.6%            0.3%
  ADR                                  $214.38 $208.99 $200.58 $196.07
    Increase/(Decrease)                   2.6%            2.3%
  REVPAR                               $174.38 $165.63 $146.42 $142.71
    Increase/(Decrease)                   5.3%            2.6%
 
 

Note:
This schedule includes the operating data for all properties leased to
 LHL, and to third parties as of June 30, 2008, excluding the Donovan
 House. Chaminade Resort is excluded from January (closed for
 renovations).
 
 

                       LASALLE HOTEL PROPERTIES
                   Statistical Data for the Hotels
                             (Unaudited)

Prior Year Operating Data

                           First   Second    Third    Fourth   Full
                           Quarter  Quarter  Quarter  Quarter   Year
                            2007     2007     2007     2007     2007
                          -------- -------- -------- -------- --------
  Occupancy                66.2%    79.3%    80.9%    69.6%    74.0%
  ADR                     $180.35  $208.99  $206.36  $203.84  $200.75
  REVPAR                  $119.42  $165.63  $167.00  $141.83  $148.61
 
 

Note:
This schedule includes historical operating data for the owned hotels
 open and operating as of December 31, 2007 (excludes the Donovan
 House for the full year and Chaminade Resort for January & December,
 as these properties were closed for renovations).
 
 


 
 
.
Contact:

 LaSalle Hotel Properties
Hans Weger
Chief Financial Officer
301-941-1500 

.
Also See: LaSalle Hotel Properties Reports 2nd Qtr 2007 Net Earnings of $25 million, Up from $24.7 million from Year-ago Period; Expecting RevPAR to grow between 5.5% and 6.5% for the Year / Hotel Operating Data / July 2007

.


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