Article Excerpt:
TWST: What has gone on over the past year or so that investors should focus on with LaSalle Hotel Properties?Mr. Weger: In the past year, we continued to see the hotel industry recover and go into the upside of the cycle, which has afforded us the opportunity to acquire additional hotels in 2005. It has also allowed us to increase rates at our hotels, which has added a lot to our bottom line and also allowed us to increase our dividend.
TWST: How many hotels have you acquired then?
Mr. Weger: We are now at 23 hotels versus 18 hotels since we last spoke.
Within the last year, we have acquired the Gaslamp Hilton in San Diego,
California, the Onyx in Boston, Chaminade in Santa Cruz, California, the
Grafton on Sunset in West Hollywood, California, and then on August 31,
we acquired the Westin Copley Place in Boston, Massachusetts.
Tickers included in this excerpt: LHO
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