LaSalle Hotel Properties Declares Dividend for the Second Quarter 2017

BETHESDA, Md.–(BUSINESS WIRE)–LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend
of $0.45 per common share of beneficial interest for the quarter ending
June 30, 2017. The second quarter dividend will be paid on July 17, 2017
to common shareholders of record as of June 30, 2017.

The Company also declared a quarterly dividend of $0.3984375 per share
of the Company’s 6.375% Series I Cumulative Redeemable Preferred Shares
of beneficial interest and a quarterly dividend of $0.39375 per share of
the Company’s 6.3% Series J Cumulative Redeemable Preferred Shares of
beneficial interest, each of which will be paid on July 17, 2017 to
shareholders of record as of June 30, 2017.

About LaSalle Hotel Properties

LaSalle Hotel Properties is a leading multi-operator real estate
investment trust. The Company owns 42 properties, which are upscale,
full-service hotels, totaling approximately 10,700 guest rooms in 11
markets in seven states and the District of Columbia. The Company
focuses on owning, redeveloping and repositioning upscale, full-service
hotels located in urban, resort and convention markets. LaSalle Hotel
Properties seeks to grow through strategic relationships with premier
lodging groups, including Hilton Hotels Corporation, Marriott
International, Outrigger Lodging Services, Noble House Hotels & Resorts,
Hyatt Hotels Corporation, Benchmark Hospitality, Two Roads Hospitality,
Davidson Hotel Company, Kimpton Hotel & Restaurant Group, LLC, Accor,
HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group,
Highgate Hotels, Access Hotels & Resorts, and Provenance Hotels.

For additional information or to receive press releases via e-mail,
please visit our website at
www.lasallehotels.com.

Contacts

LaSalle Hotel Properties
Kenneth G. Fuller or Max D. Leinweber
301-941-1500