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) June 9, 2005
LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
| | | | |
| Maryland | | 1-14045 | | 36-4219376 |
(State or Other Jurisdiction of Incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
3 Bethesda Metro Center
Suite 1200
Bethesda, Maryland 20814
(Address of principal executive offices)
Registrant’s telephone number, including area code (301) 941-1500
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 1.01 | ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
On June 9, 2005, LaSalle Hotel Properties amended and restated its Senior Unsecured Credit Agreement by and among LaSalle Hotel Operating Partnership, L.P., Bank of Montreal, as Administrative Agent, Bank of America, N.A., as Syndication Agent, and other lenders named therein (the “Credit Agreement”). The Credit Agreement establishes a $300.0 million unsecured bank facility. Pursuant to the amendment and restatement, the bank facility’s maturity date was extended to June 9, 2008 with a one-year extension option, and the applicable margin pricing was reduced by 0.5%.
| ITEM 2.03 | CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT |
The information set forth under Item 1.01 of this report is incorporated herein by reference.
| ITEM 7.01 | REGULATION FD DISCLOSURE |
LaSalle Hotel Properties (NYSE: LHO) announced that it had successfully amended and restated its $300.0 million unsecured bank facility. Additionally, LaSalle Hotel Lessee, Inc., the Company’s taxable REIT subsidiary, amended and restated its $25 million revolving credit facility. A copy of the press release is filed as an exhibit to this report and is incorporated by reference herein.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
(c) Exhibits
The following exhibits are included with this report:
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| Exhibit 10.1 | | Amended and Restated Senior Unsecured Credit Agreement entered into on June 9, 2005 among Bank of Montreal, Bank of America, N.A., the other lenders named therein and LaSalle Hotel Operating Partnership, L.P. |
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| Exhibit 10.2 | | Guaranty and Contribution Agreement made as of June 9, 2005 by LaSalle Hotel Properties and certain of its subsidiaries. |
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| Exhibit 10.3 | | Environmental Indemnification Agreement made as of June 9, 2005 by LaSalle Hotel Operating Partnership, L.P., Lasalle Hotel Properties and certain of their subsidiaries. |
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| Exhibit 99.1 | | Press release dated June 9, 2005 issued by LaSalle Hotel Properties. |
NOTE:The information in this report (including exhibit 99.1) furnished pursuant to Item 7.01 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.
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| | | | | | | LASALLE HOTEL PROPERTIES |
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| Dated: June 14, 2005 | | | | BY: | | /s/ HANS S. WEGER |
| | | | | | | | | Hans S. Weger |
| | | | | | | | | Executive Vice President, Treasurer and Chief Financial Officer |
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EXHIBIT INDEX
| | |
Exhibit Number
| | Description
|
| 10.1 | | Amended and Restated Senior Unsecured Credit Agreement entered into on June 9, 2005 among Bank of Montreal, Bank of America, N.A., the other lenders named therein and LaSalle Hotel Operating Partnership, L.P. |
| |
| 10.2 | | Guaranty and Contribution Agreement made as of June 9, 2005 by LaSalle Hotel Properties and certain of its subsidiaries. |
| |
| 10.3 | | Environmental Indemnification Agreement made as of June 9, 2005 by LaSalle Hotel Operating Partnership, L.P., Lasalle Hotel Properties and certain of their subsidiaries. |
| |
| 99.1 | | Press release dated June 9, 2005 issued by LaSalle Hotel Properties. |
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