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Balance Sheet Cash Flow Statement 3 Bethesda Metro Center, Ste. 1200 Bethesda, MD 20814 MD Tel. 301-941-1500 Fax 301-941-1553 |
Type: Public
On the web:
http://www.lasallehotels.com
Employees:
30
Employee growth: (3.2%)
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT) that invests in, renovates, and leases luxury full-service hotel properties. It owns more than 30 hotels in about a dozen states. Its hotels, which together have about 8,500 rooms, are typically located in major urban markets near convention centers, business districts, and resorts. The properties are managed by outside hotel operators under such brand names as Marriott, Sheraton, Holiday Inn, and Hilton. LaSalle Hotel Properties became self-managing in 2001 after three years under the wing of global real estate investment firm Jones Lang LaSalle.
Key numbers for fiscal year ending December, 2008:
Sales: $635.3M
One year growth: (4.1%)
Net income: $33.1M
Income growth: (63.1%)
Officers:
Acting Chairman, President, and CEO: Michael D. (Mike) Barnello
EVP and COO: Alfred L. Young
EVP, CFO, Secretary, and Treasurer: Hans S. Weger
Competitors:
FelCor
Hospitality Properties Trust
Starwood Hotels & Resorts
