| Business Summary | | LaSalle
Hotel
Properties
was
organized
as
a
real
estate
investment
trust
to
own
hotel
properties
and
to
continue
and
expand
the
hotel
investment
activities
of
Jones
Lang
LaSalle
Incorporated,
formerly
LaSalle
Partners
Incorporated,
and
certain
of
its
affiliates,
collectively
known
as
JLL.
As
of
December
31,
2000,
the
Company
owned
interests
in
13
hotels
with
approximately
5,300
guest
rooms
located
in
11
states.
All
of
the
Hotels
are
leased
under
participating
leases,
which
provide
for
rent
equal
to
the
greater
of
base
rent
or
participating
rent,
which
is
based
on
fixed
percentages
of
gross
hotel
revenues.
All
of
the
Hotels
are
managed
by
independent
hotel
operators. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LaSalle
Hotel
Properties
operates
as
a
REIT.
As
of
3/00,
the
Company
owns
interest
in
14
hotels
and
seeks
to
acquire
and
develop
additional
hotel
properties,
including
upscale
and
luxury
full
service
hotels.
For
the
six
months
ended
6/30/01,
revenues
totalled
$82.4
million,
up
from
$39.8
million.
Net
income
before
extraordinary
item
fell
58%
to
$2.3
million.
Results
reflect
higher
revenues
at
the
San
Diego
Paradise
Resort.
Earnings
reflect
the
inclusion
of
lease
termination
fees. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Jon Bortz, 44 | Chairman
of Trustees, Pres, CEO | Hans Weger, 37 | CFO,
Exec. VP, Sec., Treasurer | Darryl Hartley-Leonard, 55 | Trustee | George Little, ll, 51 | Trustee | William McCalmont, 45 | Trustee |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|