LaSalle Hotel Properties · Bethesda, MD United States ·(NYSE: LHO)

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. To read the full description, subscribe now.