LaSalle Hotel Properties Files Definitive Proxy Statement in Connection with Blackstone Transaction; Board Recommends Shareholders Vote “For” the Transaction Prior to the Special Meeting of Shareholders Scheduled for September 6, 2018

BETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced merger with affiliates of Blackstone Real Estate Partners VIII ("Blackstone") and other transactions contemplated by LaSalle’s merger agreement with Blackstone (the “Blackstone Merger Agreement”).