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 30, 2010
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 7.01. | REGULATION FD DISCLOSURE. |
On September 30, 2010, LaSalle Hotel Properties (the “Company”) issued a press release announcing the sale of the Westin City Center Dallas. A copy of such press release is furnished as Exhibit 99.1 to this report.
| ITEM 8.01 | OTHER EVENTS. |
The Company sold the Westin City Center Dallas for $50.0 million, resulting in an approximate book gain on sale of $29.2 million. The Company anticipates that it will recognize a tax gain on sale for the Westin City Center Dallas of approximately $26.5 million, which would be offset by the tax loss on sale for the Seaview Resort of approximately $30.5 million.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press release, dated September 30, 2010, issued by LaSalle Hotel Properties, regarding the sale of the Westin City Center Dallas | |
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.
| LASALLE HOTEL PROPERTIES | ||||
| Dated: October 1, 2010 | BY: | /s/ MICHAEL D. BARNELLO | ||
| Michael D. Barnello | ||||
| Chief Executive Officer and President | ||||
EXHIBIT INDEX
| Exhibit Number |
Description | |
| 99.1 | Press release, dated September 30, 2010, issued by LaSalle Hotel Properties, regarding the sale of the Westin City Center Dallas | |