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 10, 2009
LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
| | | | |
| Maryland | | 1-14045 | | 36-4219376 |
(State or other jurisdiction of incorporation or organization) | | (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)) |
On June 10, 2009, LaSalle Hotel Properties (the “Company”) and LaSalle Hotel Operating Partnership, L.P. (the “Operating Partnership”), for which the Company is the general partner, entered into an underwriting agreement with Raymond James & Associates, Inc., Morgan Stanley & Co. Incorporated and Wachovia Capital Markets, LLC, as representatives of the several underwriters named in Schedule A thereto (the “Underwriting Agreement”). Pursuant to the terms and conditions of the Underwriting Agreement, the Company agreed to sell 10,000,000 common shares of beneficial interest, par value $0.01 per share, at a per share purchase price to the public of $14.75. Pursuant to the Underwriting Agreement, the Company granted the underwriters an option to purchase up to 1,500,000 additional common shares to cover overallotments. Assuming no exercise by the underwriters of their overallotment option, the Company expects to receive net proceeds from this offering of approximately $141.1 million after deducting the underwriting discount and estimated offering expenses payable by the Company of approximately $6.4 million.
The offering closed on June 15, 2009.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| | |
Exhibit
Number | | Description |
| 1.1 | | Underwriting Agreement dated as of June 10, 2009 among Raymond James & Associates, Inc., Morgan Stanley & Co. Incorporated and Wachovia Capital Markets, LLC, as representatives of the several underwriters named in Schedule A thereto, the Company and the Operating Partnership |
| |
| 5.1 | | Opinion of DLA Piper LLP (US) regarding legality of the shares |
| |
| 8.1 | | Opinion of DLA Piper LLP (US) regarding tax matters |
| |
| 23.1 | | Consent of DLA Piper LLP (US) (included in Exhibit 5.1 and Exhibit 8.1) |
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.
| | | | |
| | LASALLE HOTEL PROPERTIES |
| | |
| Dated: June 15, 2009 | | BY: | | /s/ Hans S. Weger |
| | | | Hans S. Weger |
| | | | Executive Vice President, Chief Financial Officer, Treasurer and Secretary |
EXHIBIT INDEX
| | |
Exhibit
Number | | Description |
| 1.1 | | Underwriting Agreement dated as of June 10, 2009 among Raymond James & Associates, Inc., Morgan Stanley & Co. Incorporated and Wachovia Capital Markets, LLC, as representatives of the several underwriters named in Schedule A thereto, the Company and the Operating Partnership |
| |
| 5.1 | | Opinion of DLA Piper LLP (US) regarding legality of the shares |
| |
| 8.1 | | Opinion of DLA Piper LLP (US) regarding tax matters |
| |
| 23.1 | | Consent of DLA Piper LLP (US) (included in Exhibit 5.1 and Exhibit 8.1) |
