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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): September 24, 2003 ---------------------------------------LASALLE HOTEL PROPERTIES (Exact name of registrant as specified in its charter) ---------------------------------------- Maryland ---------------(State or other jurisdiction of incorporation or organization) 1-14045 ----------------(Commission File Number) 36-4219376 -----------------(IRS Employer Identification No.) 4800 Montgomery Lane Suite M25 Bethesda, MD 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) 1 ITEM 7. (c) FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS Exhibits The following exhibit is included with this Report: Exhibit 99.1 Press release dated September 24, 2003 issued by LaSalle Hotel Properties. ITEM 9. REGULATION FD DISCLOSURE On September 24, 2003, LaSalle Hotel Properties issued a press release announcing the public offering of $25.0 million Series B Cumulative Redeemable Preferred Shares with a fixed distribution rate of 8.375% per year. A copy of the press release is filed as an exhibit to this report and is incorporated by reference herein. NOTE: The information in this report (including the exhibit) is furnished pursuant to Item 9 and shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by regulation FD. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LASALLE HOTEL PROPERTIES Dated: September 24, 2003 -----------------------------Hans Weger Executive Vice President, Treasurer and Chief Financial Officer 3 BY: /s/ HANS WEGER EXHIBIT INDEX ------------- Exhibit Number ------- Description ----------- 99.1 Press release dated September 24, 2003 issued by LaSalle Hotel Properties. 4 EXHIBIT 99.1 ------------ LaSalle Hotel Properties 4800 Montgomery Lane, Suite M25 Bethesda, MD 20814 Ph. (301) 941-1500 Fax (301) 941-1553 www.lasallehotels.com -------------------------------------------------------------------------- FOR IMMEDIATE RELEASE Contact: Raymond Martz, Vice President of Finance & Investor Relations--Bethesda +301/941-1516 LASALLE HOTEL PROPERTIES ANNOUNCES PUBLIC OFFERING OF $25.0 MILLION 8.375% SERIES B CUMULATIVE REDEEMABLE PREFERRED SHARES BETHESDA, MD, SEPTEMBER 24, 2003 -- LaSalle Hotel Properties (NYSE: LHO) today announced the public offering of $25.0 million Series B Cumulative Redeemable Preferred Shares with a fixed distribution rate of 8.375% per year. All of the shares are being sold by the Company. The offering is expected to close on September 30, 2003. The Company expects to list the shares on the New York Stock Exchange. The net proceeds of the offering will be used to repay existing indebtedness under the Company's senior unsecured credit facility. "This equity issuance was anticipated as part of the recent acquisition of The Hotel George," said Hans Weger, Chief Financial Officer of the Company. "We believe this type of equity is an important part of our capital structure as it strengthens our balance sheet, decreases interest costs and provides flexibility for future growth opportunities." Raymond James & Associates, Inc. acted as the sole underwriter for this transaction. In addition to the 1,000,000 shares offered, the Company has granted Raymond James & Associates, Inc. an option to purchase up to an additional 100,000 shares to cover over-allotments, if any. A copy of the prospectus supplement relating to the shares may be obtained from Raymond James & Associates, Inc. LaSalle Hotel Properties is a leading multi-tenant, multi-operator real estate investment trust, which owns interests in 17 upscale and luxury full-service hotels, totaling approximately 5,600 guest rooms in 12 markets in 10 states and the District of Columbia. LaSalle Hotel Properties focuses on investing in upscale and luxury full-service hotels located in urban, resort and convention markets. The Company seeks to grow through strategic relationships with premier internationally recognized hotel operating companies including Marriott International, Inc., Radisson Hotels International, Inc., Starwood Hotels & Resorts Worldwide, Inc., Crestline Hotels and Resorts, Inc., Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, and the Kimpton Hotel & Restaurant Group, LLC. 5 Certain matters discussed in this press release may be deemed to be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although LaSalle Hotel Properties believes the expectations reflected in such forward looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Certain factors that could cause actual results to differ materially from the Company's expectations are listed in the Company's Form 10-K for the year ended December 31, 2002 and subsequent SEC reports and filings. LaSalle Hotel Properties assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. # # # ADDITIONAL CONTACTS: ------------------Hans Weger, Chief Financial Officer, LaSalle Hotel Properties 301/941-1516 For additional information or to receive press releases via e-mail, please visit our website at www.lasallehotels.com 6