Key Developments: LaSalle Hotel Properties (LHO.N)

LHO.N on New York Stock Exchange

40.94USD
18 Dec 2014
Price Change (% chg)

$0.19 (+0.47%)
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$40.75
Open
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$41.57
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Latest Key Developments (Source: Significant Developments)

LaSalle Hotel Properties declares dividend for fourth quarter 2014
Monday, 15 Dec 2014 09:00am EST 

LaSalle Hotel Properties:Declared a quarterly dividend of $0.375 per common share of beneficial interest for the quarter ending Dec. 31, 2014.The fourth quarter dividend will be paid on Jan. 15, 2015 to common shareholders of record on Dec. 31.  Full Article

LaSalle Hotel announces public offering price for 7,600,000 common shares
Tuesday, 9 Dec 2014 09:20am EST 

LaSalle Hotel Properties:Says the public offering price for the 7,600,000 common shares previously sold to Barclays, Deutsche Bank Securities and Morgan Stanley as underwriters of the offering, is $40.30 per share.Also granted the underwriters an option to purchase up to 1,140,000 additional shares.Intends to use the net proceeds to fund all or a portion of the cost of future expected hotel acquisitions, for an aggregate purchase price of about $500 mln.Barclays, Deutsche Bank Securities and Morgan Stanley served as the underwriters for the offering.  Full Article

LaSalle Hotel Properties announces sale of 7,600,000 common shares
Monday, 8 Dec 2014 04:13pm EST 

LaSalle Hotel Properties:Announced the sale of 7,600,000 common shares to Barclays, Deutsche Bank Securities and Morgan Stanley in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission.Says it has also granted the underwriters an option to purchase up to 1,140,000 additional shares.Intends to use the net proceeds of this offering to fund all or a portion of the cost of future expected hotel acquisitions.Says it intends to use the net proceeds specifically for the acquisition of each of three hotel properties located in Los Angeles, California, Portland, Oregon and San Francisco, California for an aggregate purchase price of about $500 million.Pending such use, a portion of the net proceeds will be used to reduce amounts outstanding under its $750 million senior unsecured credit facility and for general corporate purposes.Barclays, Deutsche Bank Securities and Morgan Stanley are acting as the underwriters for the offering.  Full Article

LaSalle Hotel Properties raises FY 2014 RevPAR guidance; raises FY 2014 earnings guidance; gives Q4 2014 RevPAR guidance; gives Q4 2014 earnings guidance in line with analysts' estimates
Wednesday, 22 Oct 2014 04:06pm EDT 

LaSalle Hotel Properties:Expects FY 2014 RevPAR growth of 8.75 to 9.25 pct (previous range 6.5 to 8.0 pct).Expects FY 2014 Adjusted EBITDA of $341 to $345 million (previous range $330 to $ 342 million).Expects FY 2014 Adjusted FFO per diluted share/unit $2.56 to $2.60 (previous range $2.44 to $2.54).Expects Q4 2014 RevPAR to increase 7.0 percent to 9.0 percent relative to the same prior year period.Expects Q4 2014 Adjusted EBITDA of $78 to $82 million.Expects Q4 2014 Adjusted FFO per share/unit of $0.57 to $0.61.FY 2014 EBITDA of $341 million and AFFO of $2.46 - Thomson Reuters I/B/E/S.Q4 2014 EBITDA of $80 million and AFFO of $0.57 - Thomson Reuters I/B/E/S.  Full Article

LaSalle Hotel Properties declares dividend for third quarter 2014
Monday, 15 Sep 2014 09:00am EDT 

LaSalle Hotel Properties:Declared a quarterly dividend of $0.375 per common share of beneficial interest for the quarter ending Sept. 30.The third quarter dividend will be paid on Oct. 15 to common shareholders of record on Sept. 30.  Full Article

LaSalle Hotel Properties to sell Hotel Viking
Wednesday, 10 Sep 2014 09:00am EDT 

LaSalle Hotel Properties:Entered into a definitive contract to sell Hotel Viking in Newport, Rhode Island for $77 million.The company expects the transaction to close in second week of Sept. 2014.  Full Article

LaSalle Hotel Properties narrows FY 2014 RevPAR and EBITDA outlook; raises low end of prior FY 2014 FFO outlook; gives Q3 2014 RevPAR outlook; gives Q3 2014 earnings outlook below analysts' estimates
Wednesday, 23 Jul 2014 04:05pm EDT 

LaSalle Hotel Properties:Expects FY 2014 RevPAR growth of 6.5 to 8.0 pct (previous range 5.0 to 8.5 pct).Expects FY 2014 Adjusted EBITDA of $330 to $342 mln (previous range $327.0 to $ 348.0 mln).Expects FY 2014 Adjusted FFO per diluted share/unit $2.44 to $2.54(previous range $2.33 to $2.54).Expects Q3 2014 RevPAR to increase 5.0 to 8.5 pct relative to Q2 2013.Expects Q3 2014 Adjusted EBITDA of $99 to $105 mln.Expects Q3 2014 Adjusted FFO per share/unit of $0.73 to $0.79.FY 2014 EBITDA of $339.72 mln and AFFO of $2.50 - Thomson Reuters I/B/E/S.Q3 2014 EBITDA of $107 mln and AFFO of $0.80 - Thomson Reuters I/B/E/S.  Full Article

LaSalle Hotel Properties completes sale of Hilton Alexandria Old Town
Tuesday, 17 Jun 2014 04:16pm EDT 

LaSalle Hotel Properties:Closes on the sale of the Hilton Alexandria Old Town for $93.4 mln.Proceeds from the transaction will be used to reduce borrowings on the company's Senior Unsecured Credit Facility and redeem the remaining $58.7 mln of 7.25 pct Series G Preferred Shares.  Full Article

LaSalle Hotel Properties announces contract to Sell Hilton Alexandria Old Town
Monday, 2 Jun 2014 09:36am EDT 

LaSalle Hotel Properties:Entered into a definitive contract to sell the Hilton Alexandria Old Town for about $93 million.Proceeds from the transaction will be used to reduce borrowings on the Company's Senior Unsecured Credit Facility.  Full Article

LaSalle Hotel Properties increases quarterly dividend 34 pct to $0.375
Wednesday, 23 Apr 2014 04:11pm EDT 

LaSalle Hotel Properties:Increases its dividend to $0.375 per common share.Dividend will be paid on July 15 to common shareholders of record on June 30.  Full Article

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