UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 18, 2003
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LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
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Maryland 1-14045 36-4219376
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
4800 Montgomery Lane
Suite M25
Bethesda, MD 20814
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(Address of principal executive offices)
Registrant's telephone number, including area code: (301) 941-1500
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On September 18, 2003, LaSalle Hotel Properties (the "Company")
acquired the Hotel George, a 139-room hotel located at 15 E Street NW in
Washington, D.C. for $24.1 million. The source of the funding for the
acquisition was the Company's corporate unsecured credit facility. The
property will be managed by the Kimpton Hotel and Restaurant Group, LLC
under a five-year management agreement.
This Report contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The Company
intends such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this statement for
purposes of complying with these safe harbor provisions. Forward-looking
statements, which are based on certain assumptions and describe the
Company's future plans, strategies and expectations are generally
identifiable by use of the words "believe," "expected," "intend,"
"anticipate," "estimate," "project" or similar expressions. You should not
rely on forward-looking statements since they involve known and unknown
risks, uncertainties and other factors that are, in some cases, beyond the
Company's control and which could materially affect actual results,
performances or achievements. Factors that may cause actual results to
differ materially from current expectations include, but are not limited to
the risk factors discussed in the Company's 2002 Annual Report on Form 10-K
and subsequent SEC reports and filings. Accordingly, there is no assurance
that the Company's expectations will be realized. Except as otherwise
required by the federal securities laws, the Company disclaims any
obligations or undertaking to publicly release any updates or revisions to
any forward-looking statement contained herein (or elsewhere) to reflect
any change in the Company's expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement is
based.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) and (b) Financial Statements of Property Acquired and Pro Forma
Financial Information
The financial statements and pro forma financial information
required by Item 7(a) and 7(b) are currently being prepared and it is
therefore impracticable to provide this information on the date
hereof. The Company will file the required financial statements and
information under cover of Form 8-K/A as soon as practicable but in
no event later than 60 days after the date on which the Form 8-K was
required to be filed.
(c) Exhibits
The following exhibit is included with this Report:
Exhibit 99.1 Press release dated September 18, 2003 issued
by LaSalle Hotel Properties.
ITEM 9. REGULATION FD DISCLOSURE
On September 18, 2003, the Company issued a press release announcing
the acquisition of the Hotel George. A copy of the press release is
included as Exhibit 99.1 to this report and is incorporated by reference
herein.
NOTE: The information in this report (including the exhibit) is
furnished pursuant to Item 9 and shall not be deemed to be "filed" for the
purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section. This report will not be deemed
an admission as to the materiality of any information contained herein that
is required to be disclosed solely by regulation FD.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
LASALLE HOTEL PROPERTIES
Dated: September 18, 2003 BY: /s/ HANS WEGER
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Hans Weger
Executive Vice President,
Treasurer and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Press release dated September 18, 2003 issued by
LaSalle Hotel Properties.
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