LaSalle Announces Stock Offering

LaSalle Hotel Properties, Bethesda, Md., has announced a public offering of 1.75 million shares of common stock.The net proceeds of the offering totaled approximately $54.9 million, LaSalle said. The company also granted the underwriters an option to buy up to 250,000 additional shares to cover any overallotments. The offering was led by Raymond James & Associates and Wachovia Capital Markets LLC. LaSalle, a real estate investment trust, can be found online at http://www.lasallehotels.com.

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