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): May 28, 2004
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LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
__________________________________
Maryland 1-14045 36-4219376
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
4800 Montgomery Lane
Suite M25
Bethesda, Maryland 20814
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(Address of principal executive offices)
Registrant's telephone number, including area code: (301) 941-1500
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On May 28, 2004, Lasalle Hotel Properties (the "Company")
acquired the Hilton Alexandria Old Town, a 241-room upscale full-service
hotel located at 1767 King Street Alexandria, VA 22314, for $59.0 million
before expenses and prorations. The source of the funding for the
acquisition was the Company's senior unsecured credit facility. The hotel
will continue to be operated pursuant to a Hilton franchise agreement and
will be managed by Sandcastle Resorts & Hotels, the current manager of the
hotel.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS
(a) and (b)Financial Statements of Property Acquired and
Pro Forma Financial Information
The financial statements and pro forma financial information required
by Item 7(a) and 7(b) are currently being prepared and it is
therefore impracticable to provide this information on the date
hereof. The Company will file the required financial statements and
information under cover of Form 8-K/A as soon as practicable but in
no event later than 60 days after the date on which the Form 8-K was
required to be filed.
(c) Exhibits
The following exhibit is included with this Report:
Exhibit 99.1 Press release dated May 28, 2004 issued by
LaSalle Hotel Properties.
ITEM 9. REGULATION FD DISCLOSURE
On May 28, 2004, LaSalle Hotel Properties issued a press release
announcing the acquisition of the Hilton Alexandria Old Town Hotel. A copy
of the press release is attached as an exhibit to this report and is
incorporated by reference herein.
NOTE: The information in this Item 9(including the exhibit) is
furnished pursuant to Item 9 and shall not be deemed to be "filed" for the
purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section. This report will not be deemed
an admission as to the materiality of any information contained herein that
is required to be disclosed solely by regulation FD.
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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: May 28, 2004 BY: /s/ HANS WEGER
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Hans Weger
Executive Vice President,
Treasurer and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Press release dated May 28, 2004 issued by
LaSalle Hotel Properties.
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