ITEM 8.01. OTHER EVENTS.
On December 13, 2012, LaSalle Hotel Properties (the "Company") and LaSalle Hotel
Operating Partnership, L.P., for which the Company is the general partner,
entered into an underwriting agreement (the "Underwriting Agreement") with
Citigroup Global Markets Inc. and Raymond James & Associates, Inc., as the
representatives of the several underwriters named on Schedule A thereto,
relating to the issuance and sale of 9,200,000 shares (including 1,200,000
shares issued pursuant to the underwriters' option to purchase additional
shares) of the Company's common shares of beneficial interest, par value $0.01
per share (the "Shares"), at a public offering price of $23.70 per share. The
Company expects to receive net proceeds from this offering, after deducting the
underwriting discount and other estimated offering expenses payable by the
Company, of approximately $209.2 million.
The Shares will be issued pursuant to the Company's registration statement on
Form S-3 (File No. 333-185081), which was effective upon filing with the
Securities and Exchange Commission on November 21, 2012.
The offering closed on December 19, 2012.