LaSalle Hotel Properties
LHO
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ROIC.AI
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- LaSalle Hotel Properties (NYSE: LHO) operates as a leading multi-operator real estate investment trust (REIT) focused on owning, redeveloping, and repositioning upscale, full-service hotels in urban, resort, and convention markets. The company owns a diversified portfolio of approximately 41 properties totaling around 10,400 guest rooms across 11 markets in seven states and the District of Columbia, including brands and independent hotels such as the Chamberlain West Hollywood and Hotel Solamar; it also holds a mezzanine loan secured by two hotels in Santa Monica, California. Founded in 1998 and headquartered in Bethesda, Maryland, LaSalle targets institutional investors and emphasizes strategic relationships with premier lodging operators to drive long-term shareholder value through low-leverage balance sheet management and property enhancements. In a transformative transaction completed on November 29, 2018, LaSalle Hotel Properties was acquired by Pebblebrook Hotel Trust (NYSE: PEB) in a $5.2 billion all-stock and cash deal, following a competitive bidding process that included a prior agreement with Blackstone Real Estate Partners, which was terminated upon Pebblebrook's superior proposal of $37.80 per share. The merger created the largest U.S. owner of independent lifestyle hotels, integrating LaSalle's portfolio into Pebblebrook's holdings of upper-upscale and luxury properties primarily in gateway cities, with subsequent strategic dispositions of legacy LaSalle assets, including five hotels sold for $820.8 million at closing and ongoing sales such as the Montrose at Beverly Hills in November 2025 for $44.25 million to reduce debt and optimize the combined portfolio. Post-acquisition, LaSalle's operations ceased as a standalone entity, with its ticker delisted, and its assets now contribute to Pebblebrook's focus on 46 hotels with about 11,933 rooms, many redeveloped under brands like Marriott, Hilton, and independent operators.