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LaSalle Hotel Properties Reports Fourth Quarter And Full Year 2012 Results

Stocks in this article: LHO

Hotel EBITDA includes all properties owned as of December 31, 2012 for the Company's period of ownership in 2012 and the comparable period in 2011. Exceptions: Hotel EBITDA excludes March period of ownership for Hotel Palomar, Washington, DC and partial December ownership of L'Auberge Del Mar and The Liberty Hotel. Hotel EBITDA for all stated periods excludes any properties the Company has sold.

Hotel Operational Data
Schedule of Property Level Results

(in thousands)


For the three months ended For the year ended
December 31, December 31,
2012   2011 2012   2011
Room $ 145,209 $ 139,405 $ 592,785 $ 563,856
Food and beverage 53,138 53,717 208,935 211,577
Other 12,473   13,646   53,629   52,926
Total hotel revenues 210,820   206,768   855,349   828,359
Room 38,157 35,608 149,772 143,725
Food and beverage 37,815 37,629 148,892 149,832
Other direct 4,503 4,668 20,195 20,877
General and administrative 17,332 17,076 66,862 65,744
Sales and marketing 13,565 13,624 56,109 54,432
Management fees 7,802 7,305 29,192 28,342
Property operations and maintenance 7,585 7,473 30,532 30,103
Energy and utilities 5,572 6,739 23,442 25,231
Property taxes 10,514 9,590 40,491 39,135
Other fixed expenses 3,526   3,502   15,047   14,154
Total hotel expenses 146,371   143,214   580,534   571,575
Hotel EBITDA $ 64,449   $ 63,554   $ 274,815   $ 256,784


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