LaSalle Hotel Properties Promotes Ian Gaum To Chief Investment Officer

LaSalle Hotel Properties (NYSE: LHO) today announced that it has promoted Ian Gaum to Chief Investment Officer.

Mr. Gaum has served as Senior Vice President of Acquisitions of the Company since July, 2007 and was Vice President of Asset Management from July, 1998 through June, 2007. Prior to joining LaSalle Hotel Properties, Mr. Gaum worked in asset management with VMS Realty and Stone Levy Advisors.

“Ian joined LaSalle Hotel Properties shortly after its IPO and has been instrumental in the execution of our business plan during that entire period, both in asset management and acquisitions. He has successfully led our acquisitions efforts for the last several years, is well known and respected throughout the US lodging industry and is a valued member of the leadership team at LaSalle,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties.

As Chief Investment Officer, Mr. Gaum will continue to oversee all acquisition, disposition and risk management functions of the Company.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 45 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale, full-service hotels, totaling approximately 11,400 guest rooms in 14 markets in 10 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Commune Hotels and Resorts, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group, Highgate Hotels and Access Hotels & Resorts.

For additional information or to receive press releases via e-mail, please visit our website at www.lasallehotels.com

Copyright Business Wire 2010

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