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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 16, 2012
LASALLE HOTEL PROPERTIES
(Exact name of registrant specified in its charter)
Maryland
1-14045
(State of Incorporation)
(Commission File Number)
36-4219376
(IRS Employer
Identification No.)
3 Bethesda Metro Center
Suite 1200
Bethesda, Maryland 20814
(Address of principal executive offices, zip code)
Registrant’s telephone number, including area code: (301) 941-1500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On October 16, 2012, upon the recommendation of the Nominating and Governance Committee, the Board of Trustees (the
"Board") of LaSalle Hotel Properties (the "Company") increased the size of the Board from seven members to eight members and
appointed Denise Coll to the Board, effective March 2, 2013, subject to re-election at the next annual meeting of the shareholders to
be held in April 2013.
Ms. Coll recently announced her retirement from Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) ("Starwood")
where she served as President, North America Division, leading Starwood’s largest region with over 500 hotels, a position she held
since 2007. During her tenure, Ms. Coll successfully navigated Starwood’s North American hotels through the economic downturn
and oversaw substantial growth in Starwood’s hotel footprint within North America. She also spearheaded the launch of two new
brands, Aloft and Element. Ms. Coll serves on the advisory board of the Boston University School of Hospitality and the advisory
boards of University of Massachusetts’ HRTA and Eisenberg School of Management. She is a member of the American Hotel &
Lodging Association and currently serves as the Chairman of its Diversity Council. Ms. Coll holds a Bachelor of Science in Hotel,
Restaurant and Travel Administration from the University of Massachusetts and a Masters of Business Administration from Simmons
College.
Effective on March 2, 2013, Ms. Coll will become eligible to receive the standard compensation provided by the Company
to its other non-employee trustees. Additionally, in connection with Ms. Coll’s appointment to the Board of Trustees, the Company
and Ms. Coll will enter into an indemnification agreement in substantially the same form as the Company has entered with each of the
Company’s existing trustees. Ms. Coll is not a party to any arrangement or understanding with any person pursuant to which she was
appointed as a trustee, nor is she a party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving
the Company or any of its subsidiaries.
Item 7.01.
Regulation FD Disclosure
On October 17, 2012, the Company announced that Ms. Coll has been elected to the Company’s Board of Trustees, effective
March 2, 2013. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 9.01.
(d)
Financial Statements and Exhibits
Exhibits
Exhibit
Number
99.1
Description
Press release, dated October 17, 2012
The information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Furthermore, the
information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed to be incorporated by reference in
the filings of the registrant under the Securities Act of 1933, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
LASALLE HOTEL PROPERTIES
By:
Dated: October 17, 2012
/s/ Bruce A. Riggins
Bruce A Riggins
Chief Financial Officer, Executive Vice President and
Secretary
EXHIBIT INDEX
Exhibit
Number
99.1
Description
Press release, dated October 17, 2012
Exhibit 99.1
3 Bethesda Metro Center, Suite 1200, Bethesda, MD 20814
PH 301.941.1500, FX 301.941.1533
News Release
LASALLE HOTEL PROPERTIES ANNOUNCES ELECTION OF NEW BOARD MEMBER
Denise Coll to Serve as Independent Trustee
BETHESDA, MD — October 17, 2012 — LaSalle Hotel Properties (NYSE:LHO) today announced that Denise Coll has
been elected to the Company’s Board of Trustees, effective March 2, 2013.
“We are excited to welcome Denise Coll to our Board of Trustees,” said Michael D. Barnello, President and Chief Executive
Officer of LaSalle Hotel Properties. “Denise is a highly accomplished and respected industry veteran and we are confident that her
knowledge and experience as well as her relationships within the travel industry will serve us in achieving the Company’s strategic
objectives.”
Ms. Coll recently announced her retirement from Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) where she
served as President, North America Division, leading Starwood’s largest region with over 500 hotels, a position she held since 2007.
During her tenure, Ms. Coll successfully navigated Starwood’s North American hotels through the economic downturn and oversaw
substantial growth in Starwood’s hotel footprint within North America. She also spearheaded the launch of two new brands, Aloft and
Element. Ms. Coll, who joined Starwood in 1976, is respected as one of the industry’s most seasoned and successful operators.
Ms. Coll serves on the advisory board of the Boston University School of Hospitality and the advisory boards of University
of Massachusetts’ HRTA and Eisenberg School of Management. She is a member of the American Hotel & Lodging Association and
currently serves as the Chairman of its Diversity Council. Ms. Coll holds a Bachelor of Science in Hotel, Restaurant and Travel
Administration from the University of Massachusetts and a Masters of Business Administration from Simmons College.
Krauthamer & Associates, a boutique executive search firm that provides recruitment services to a diverse client base in the
United States and abroad, assisted the Company’s Board in this search.
LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns interests in 40 hotels of
which 38 are owned 100 percent. The 38 wholly-owned properties are upscale full-service hotels, totaling 10,200 guest rooms in 13
markets in 9 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,
Thompson Hotels, Davidson Hotel Company, Denihan Hospitality Group, 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.
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Additional Contacts:
Bruce A. Riggins and Kenneth G. Fuller, LaSalle Hotel Properties – (301) 941-1500