LaSalle Hotel Properties Provides Hurricane Irma Impact Update

9/11/17

BETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced both of its resorts in Key West, Florida were closed on Wednesday, September 6 to comply with all mandatory evacuations of the island. The Company maintains property, flood, fire, and business interruption insurance at its two resorts in Key West.

“Our thoughts are with everyone impacted by Hurricane Irma and its devastating force,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “Given that our Key West resorts are closed and all guests and employees have evacuated, we are unable to provide any further updates at this time regarding the properties’ physical condition and corresponding financial impact.”

About LaSalle Hotel Properties

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging groups, including Hilton Hotels Corporation, Marriott International, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, Two Roads Hospitality, Davidson Hotel Company, Kimpton Hotel & Restaurant Group, LLC, Accor, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group, Highgate Hotels, Access Hotels & Resorts, and Provenance Hotels.

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