LaSalle Hotel Properties Announces New $750M Credit Facility

LaSalle Hotel Properties LHO today announced that it has successfully entered into a new $750.0 million senior unsecured credit facility. The new facility replaces the Company's $450.0 million facility, which was scheduled to mature in April, 2012. The new facility matures on January 30, 2017, including extensions subject to certain conditions. Additionally, LaSalle Hotel Lessee, Inc., the Company's taxable REIT subsidiary refinanced its $25.0 million revolver with U.S. Bank National Association, with no change in capacity, on similar terms as the senior unsecured credit facility.