Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - LaSalle Hotel Properties | dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 29, 2010
LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
| Maryland | 1-14045 | 36-4219376 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
3 Bethesda Metro Center
Suite 1200
Bethesda, Maryland 20814
(Address of principal executive offices)
Registrant’s telephone number, including area code: (301) 941-1500
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| q | Written communications pursuant to Rule 425 Under the Securities Act (17 CFR 230.425) |
| q | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| q | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| q | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 7.01. | REGULATION FD DISCLOSURE. |
On December 29, 2010, LaSalle Hotel Properties (the “Company”) issued a press release announcing that Modern Magic Hotel, LLC, a joint venture in which the Company holds a 95.0% controlling interest, closed on the sale of the joint venture’s portion of the building located at 330 N. Wabash Avenue in downtown Chicago, Illinois for $58.8 million. A copy of such press release is furnished as Exhibit 99.1 to this report.
| ITEM 8.01. | OTHER EVENTS. |
Modern Magic Hotel, LLC, a joint venture in which the Company holds a 95.0% controlling interest, closed on the sale of the joint venture’s portion of the building located at 330 N. Wabash Avenue in downtown Chicago, Illinois for $58.8 million. The Company received proceeds, after payment of transaction costs, fees and minority partnership interest, of $51.6 million. The Company anticipates that it will recognize an impairment loss related to this sale of approximately $8.0 million in the fourth quarter of 2010.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press release, dated December 29, 2010, issued by LaSalle Hotel Properties | |
The information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed to be incorporated by reference in the filings of the registrant under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LASALLE HOTEL PROPERTIES | ||||
| Dated: December 29, 2010 | BY: | /s/ MICHAEL D. BARNELLO | ||
| Michael D. Barnello | ||||
| Chief Executive Officer and President | ||||
EXHIBIT INDEX
| Exhibit Number |
Description | |
| 99.1 | Press release, dated December 29, 2010, issued by LaSalle Hotel Properties | |