BETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.45 per common share of beneficial interest for the quarter ending September 30, 2017. The third quarter dividend will be paid on October 16, 2017 to common shareholders of record as of September 29, 2017.
The Company also declared a quarterly dividend of $0.3984375 per share of the Company’s 6.375% Series I Cumulative Redeemable Preferred Shares of beneficial interest and a quarterly dividend of $0.39375 per share of the Company’s 6.3% Series J Cumulative Redeemable Preferred Shares of beneficial interest, each of which will be paid on October 16, 2017 to shareholders of record as of September 29, 2017.
About LaSalle Hotel Properties
LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven 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 groups, including Hilton Hotels Corporation, Marriott International, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, Two Roads Hospitality, Davidson Hotel Company, Kimpton Hotel & Restaurant Group, LLC, Accor, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group, Highgate Hotels, Access Hotels & Resorts, and Provenance Hotels.
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