LaSalle Hotel Properties Declares Dividend for First Quarter 2010

LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.01 per common share of beneficial interest for the quarter ending March 31, 2010. The first quarter dividend will be paid on April 15, 2010 to common shareholders of record on March 31, 2010.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 32 upscale full-service hotels, totaling over 8,700 guest rooms in 14 markets in 11 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 companies, including Westin Hotels and Resorts, Sheraton Hotels & Resorts Worldwide, Inc., Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group, Dolce Hotels and Resorts, the Kimpton Hotel & Restaurant Group, LLC and Accor.

For additional information or to receive press releases via e-mail, please visit our website at www.lasallehotels.com