LaSalle Hotel Properties Company Description
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT) that invests in, renovates, and leases luxury full-service hotel properties. It owns more than 30 hotels in about a dozen states. Its hotels, which together have about 8,500 rooms, are typically located in major urban markets near convention centers, business districts, and resorts. The properties are managed by outside hotel operators under such brand names as Marriott, Sheraton, Holiday Inn, and Hilton. LaSalle Hotel Properties became self-managing in 2001 after three years under the wing of global real estate investment firm Jones Lang LaSalle.
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The Company Description provides a historical perspective of LaSalle Hotel Properties's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of LaSalle Hotel Properties's evolution in the marketplace.
