LaSalle Hotel Properties Announces Fourth Quarter Dividend

LaSalle Hotel Properties is a leading multi-tenant, multi-operator real estate investment trust (REIT), which owns 17 upscale and luxury full- service hotels, totaling approximately 5,900 guest rooms in 13 markets in 11 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 Le Meridien Hotels & Resorts, Marriott International, Inc., Radisson Hotels International, Inc., Crestline Hotels & Resorts, Inc., Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, and the Kimpton Hotel & Restaurant Group, LLC.

Contacts:
Hans Weger, Chief Financial Officer, LaSalle Hotel Properties, 301-941-1516, or Raymond Martz, Director of Finance - Investor Relations (Bethesda), 301-941-1516, or please visit our web site at www.lasallehotels.com .

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SOURCE LaSalle Hotel Properties
-0- 12/14/2001
/CONTACT: Raymond Martz, Director of Finance - Investor Relations, Bethesda, +1-301-941-1516, or Hans Weger, Chief Financial Officer,
+1-301-941-1516, both of LaSalle Hotel Properties/
/Web site: http://www.lasallehotels.com /
(LHO)

CO: LaSalle Hotel Properties
ST: Maryland
IN: FIN RLT
SU: DIV



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1938 12/14/2001 08:50 EST http://www.prnewswire.com








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LaSalle Hotel Properties Announces Fourth Quarter Dividend

Company Declares Fourth Quarter Dividend of $0.01 Per Share

BETHESDA, Md., Dec. 14 /PRNewswire/ -- LaSalle Hotel Properties
(NYSE: LHO) today announced its quarterly dividend of $0.01 per share of its common shares of beneficial interest for the fourth quarter ended December 31, 2001. The dividend is payable on January 15, 2002 to shareholders of record as of December 31, 2001.
LaSalle Hotel Properties is a leading multi-tenant, multi-operator real estate investment trust (REIT), which owns 17 upscale and luxury full- service hotels, totaling approximately 5,900 guest rooms in 13 markets in 11 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 Le Meridien Hotels & Resorts, Marriott International, Inc., Radisson Hotels International, Inc., Crestline Hotels & Resorts, Inc., Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, and the Kimpton Hotel & Restaurant Group, LLC.

Contacts:
Hans Weger, Chief Financial Officer, LaSalle Hotel Properties, 301-941-1516, or Raymond Martz, Director of Finance - Investor Relations (Bethesda), 301-941-1516, or please visit our web site at www.lasallehotels.com .


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