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): November 15, 2006
------------------------------
LASALLE HOTEL PROPERTIES
(Exact name of registrant as specified in its charter)
------------------------------
Maryland 1-14045 36-4219376
---------------- ----------------- ------------------
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification No.)
Incorporation)
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))
1
ITEM 7.01. REGULATION FD DISCLOSURE.
LaSalle Hotel Properties issued a press release on November 15, 2006
announcing that it had closed on a $60.9 million secured loan. A copy of
such press release is furnished as Exhibit 99.1 to this report.
ITEM 8.01. OTHER EVENTS.
LaSalle Hotel Properties today announced it has successfully executed
a $60.9 million secured loan at a fixed annualized interest rate of 5.49
percent. The term of the loan is 7 years, interest only for five years, and
is collateralized by the 235-room Hotel Solamar. Proceeds from the loan
were used to reduce the Company's outstanding balance on its credit
facility.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 Press release, dated November 15, 2006,
issued by LaSalle Hotel Properties,
regarding closing of loan.
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.
2
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: November 17, 2006 BY: /S/ HANS S. WEGER
-----------------------------
Hans S. Weger
Executive Vice President,
Treasurer and
Chief Financial Officer
3
EXHIBIT INDEX
-------------
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
99.1 Press release, dated November 15, 2006, issued by LaSalle
Hotel Properties, regarding closing of loan.
4