LaSalle Hotel Properties Acquires Hotel Palomar, Washington, DC

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LaSalle Hotel Properties (NYSE: LHO) today announced the acquisition of HotelPalomar, Washington, DC for $143.8 million in an off-market transaction. The335-room urban, full service hotel is located near Dupont Circle at 2121 PStreet, NW. As disclosed in its fourth quarter 2011 earnings release, theCompany sold common shares through its ATM program during January andFebruary, 2012, resulting in proceeds of $46.6 million. The purchase of HotelPalomar, Washington, DC was funded with the $46.6 million in proceeds from theATM program and borrowings from the Company's senior unsecured creditfacility.

27% profit every 20 days?

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