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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): December 7, 2012
LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
Maryland
1-14045
36-4219376
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
3 Bethesda Metro Center
Suite 1200
Bethesda, Maryland 20814
(Address of principal executive offices)
Registrant’s telephone number, including area code: (301) 941-1500
Not Applicable
(Former name or former address, if changed since last report)
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:
 Written communications pursuant to Rule 425 Under the Securities Act (17 CFR 230.425)
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01.
REGULATION FD DISCLOSURE.
On December 7, 2012, LaSalle Hotel Properties (the “Company”) issued a press release announcing the Company’s acquisition of the L’Auberge Del Mar in Del Mar,
California for $76.9 million. A copy of such press release is furnished as Exhibit 99.1 to this report.
ITEM 8.01.
OTHER EVENTS.
The Company acquired the L’Auberge Del Mar in Del Mar, California for $76.9 million. The 120-room full service, luxury resort is located at 1540 Camino Del Mar,
overlooking the Pacific Ocean.
ITEM 9.01.
FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit
Number
Description
99.1
Press release dated December 7, 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 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.
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 hereunto
duly authorized.
Dated: December 7, 2012
LASALLE HOTEL PROPERTIES
BY:
/s/ Bruce A. Riggins
Bruce A. Riggins
Chief Financial Officer, Executive Vice President and Secretary
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Press release dated December 7, 2012
Exhibit 99.1
LASALLE HOTEL PROPERTIES ACQUIRES L’AUBERGE DEL MAR IN CALIFORNIA
BETHESDA, MD — December 7, 2012 — LaSalle Hotel Properties (NYSE:LHO) today announced the acquisition of L’Auberge Del Mar in Del Mar,
California for $76.9 million.
The 120-room full service, luxury resort is located at 1540 Camino Del Mar, overlooking the Pacific
Ocean. Del Mar is an affluent seaside community, rich with amenities including upscale shopping and
fine dining. The property enjoys close proximity to several leisure and business demand drivers including
Del Mar Beach, Torrey Pines Golf Course and the Del Mar Racetrack & Fairgrounds. The property is
located eight miles from University of California, San Diego (UCSD), one of the nation’s leading research
universities. University Towne Center is located next to UCSD and offers 3,400,000 square feet of Class
A office space and has become San Diego’s highest rent office market. The area is occupied by numerous
businesses and research facilities as well as biotech, pharmaceutical and technology companies. The
property is also within 20 miles of several popular leisure destinations including LEGOLAND, SeaWorld
San Diego and the San Diego Zoo.
“We are extremely excited to acquire L’Auberge Del Mar,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “The
property is in excellent condition and is extremely well located in a strong market which benefits from numerous demand generators.”
L’Auberge Del Mar is set on 4.5 acres overlooking the Pacific Ocean. The property opened in 1989. In 2009, the property underwent an extensive renovation
totaling $25.8 million. The project included a full guestroom renovation, lobby upgrade and improvements of the meeting space, swimming pools and food and
beverage outlets. The hotel has 120 guestrooms with an average size of 320 square feet, including eight suites which average 500 square feet. L’Auberge Del Mar also
includes four food and beverage outlets. KITCHEN 1540 seats 128, including 74 indoor seats and 54 outdoor seats and features a California-inspired seasonally-driven
menu. Waterfall Terrace is an outdoor venue and offers a casual setting with ocean views. Living Room Bar is open daily and features live music several nights of the
week and Bleu Bar is located adjacent to the pool. The property’s 16,500 square feet of flexible meeting and function space includes six indoor meeting rooms and six
outdoor areas. L’Auberge Del Mar also offers the 5,000 square-foot Spa L’Auberge and a fitness center in addition to two tennis courts, an outdoor recreational pool
and a separate lap pool.
LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns interests in 41 hotels of which 39 are owned 100 percent. The
39 wholly-owned properties are upscale full-service hotels, totaling more than 10,300 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