SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 18, 2008
LASALLE HOTEL PROPERTIES
(Exact name of registrant specified in its charter)
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| Maryland | | 1-14045 | | 36-4219376 |
(State of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
3 Bethesda Metro Center
Suite 1200
Bethesda, Maryland 20814
(Address of principal executive offices, zip code)
Registrant’s telephone number, including area code: (301) 941-1500
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 7.01 | Regulation FD Disclosure |
LaSalle Hotel Properties issued a press release on March 18, 2008 announcing that Modern Magic Hotel, LLC, a joint venture between the Company and Oxford OG Hospitality Chicago, LLC (“Oxford”), acquired from Prime Group Realty Trust floors 2 through 13 and a portion of the first floor of the existing 52-story IBM Building located at 330 N. Wabash Avenue in downtown Chicago, IL for $46.0 million. The joint venture has developed plans to convert the existing vacant floors to a super luxury hotel. A copy of such press release is furnished as Exhibit 99.1 to this report.
Modern Magic Hotel, LLC, a joint venture between the Company and Oxford, acquired from Prime Group Realty Trust floors 2 through 13 and a portion of the first floor of the existing 52-story IBM Building located at 330 N. Wabash Avenue in downtown Chicago, IL for $46.0 million. The joint venture has developed plans to convert the existing vacant floors to a super luxury hotel.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| | |
Exhibit No. | | Description |
99.1 | | Press release, dated March 18, 2008, issued by LaSalle Hotel Properties. |
The information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed to be incorporated by reference in the filings of the registrant under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, 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: March 20, 2008 | | BY: | | /s/ Hans S. Weger |
| | | | Hans S. Weger |
| | | | Executive Vice President, Treasurer and Chief Financial Officer |
EXHIBIT INDEX
| | |
Exhibit
Number | | Description |
99.1 | | Press release, dated March 18, 2008, issued by LaSalle Hotel Properties. |
