LaSalle Hotel Properties Provides Update on Share Repurchase Activity

BETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today reported that, since February 26, 2018, it has repurchased 1,876,900 common shares of the Company at a cost of $46.5 million and a weighted average price of $24.76 per share under the Company’s previously announced share repurchase program. The Company has approximately $523 million of capacity remaining under its share repurchase authorization.