LaSalle Hotel Properties Announces the Redemption of Its 8⅜% Series B Cumulative Redeemable Preferred Shares

LaSalle Hotel Properties LHO today provided notice to the holders of its 8⅜% Series B Cumulative Redeemable Preferred Shares of the redemption of those shares. The cash redemption price for the Series B Preferred Shares is $25.00 per share, plus accrued and unpaid dividends through the redemption date. The redemption date will be March 14, 2011. After the redemption date, dividends on the Series B Preferred Shares will cease to accrue. Payment of the redemption price will be made only upon presentation and surrender of certificates representing the Series B Preferred Shares to Wells Fargo Bank, N.A., the Company's transfer agent, during its normal business hours at the address specified in the Notice of Redemption.