LaSalle Hotel Properties Increases Monthly Dividend

LaSalle Hotel Properties (NYSE:LHO) today announced an increase in its monthly dividend to $0.175 per common share of beneficial interest for each of the months of July, August and September 2008. This represents a 3 percent increase from the prior monthly dividend and is the sixth consecutive year that the Company has raised its dividend. This increase results in an annualized rate of $2.10 per common share and a 10 percent annualized yield based on the Company’s closing share price on July 14, 2008. The July dividend will be paid on August 15, 2008 to common shareholders of record on July 31, 2008; the August dividend will be paid on September 15, 2008 to common shareholders of record on August 29, 2008; and the September dividend will be paid on October 15, 2008 to common shareholders of record on September 30, 2008. LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 31 upscale and luxury full-service hotels, totaling approximately 8,500 guest rooms in 14 markets in 11 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale and luxury 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, Gemstone Hotels & Resorts, LLC, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group and the Kimpton Hotel & Restaurant Group, LLC. For additional information or to receive press releases via e-mail, please visit our website at www.lasallehotels.com