Exhibit 99.1
lhologo2017q2a01.jpg
 
 
 
 
 
 
 
 
News Release
LASALLE HOTEL PROPERTIES REPORTS THIRD QUARTER 2017 RESULTS

BETHESDA, MD, October 19, 2017
-- LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter ended September 30, 2017. The Company’s hotel statistics are presented excluding third quarter results from its two resorts located in Key West, due to their temporary closure during and following Hurricane Irma in September 2017. The Company also provided its hotel statistics for all properties combined, including the results from the Key West resorts. The Company’s results are summarized below.

 
Third Quarter
 
Year-to-Date
 
2017
 
2016
 
% Var.
 
2017
 
2016
 
% Var.
 
($'s in millions except per share/unit data)
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to common shareholders(1)
$
31.1

 
$
152.1

 
-79.6
 %
 
$
162.7

 
$
213.3

 
-23.7
 %
Net income attributable to common shareholders per diluted share(1)
$
0.27

 
$
1.34

 
-79.9
 %
 
$
1.43

 
$
1.88

 
-23.9
 %
 
 
 
 
 
 
 
 
 
 
 
 
Excludes Key West in the Third Quarter for Both Years
 
 
 
 
 
 
 
 
 
 
 
RevPAR(2)
$
219.38

 
$
227.69

 
-3.6
 %
 
$
208.52

 
$
211.70

 
-1.5
 %
Hotel EBITDA Margin(2)
34.8
%
 
36.4
%
 
 
 
33.8
%
 
34.5
%
 
 
Hotel EBITDA Margin Change(2)
-162 bps

 
 
 
 
 
-62 bps

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
All Properties
 
 
 
 
 
 
 
 
 
 
 
RevPAR(2)
$
217.57

 
$
228.31

 
-4.7
 %
 
$
208.03

 
$
212.10

 
-1.9
 %
Hotel EBITDA Margin(2)
34.6
%
 
36.6
%
 
 
 
33.8
%
 
34.5
%
 
 
Hotel EBITDA Margin Change(2)
-193 bps

 
 
 
 
 
-75 bps

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
$
285.9

 
$
326.9

 
-12.5
 %
 
$
847.3

 
$
938.1

 
-9.7
 %
EBITDA(1,2)
$
90.6

 
$
219.1

 
-58.6
 %
 
$
345.4

 
$
409.6

 
-15.7
 %
Adjusted EBITDA(2)
$
93.5

 
$
115.3

 
-18.9
 %
 
$
265.7

 
$
310.8

 
-14.5
 %
Note: Adjusted EBITDA in the third quarter of 2016 included $12.7 million for assets that the Company sold in 2016 and 2017. Year-to-date adjusted EBITDA in 2016 included $41.4 million for assets that the Company sold in 2016 and 2017.
 
 
 
 
 
 
 
 
 
 
 
 
FFO attributable to common shareholders and unitholders(2)
$
74.4

 
$
95.7

 
-22.3
 %
 
$
212.0

 
$
253.4

 
-16.3
 %
Adjusted FFO attributable to common shareholders and unitholders(2)
$
77.4

 
$
96.4

 
-19.7
 %
 
$
220.2

 
$
259.1

 
-15.0
 %
FFO attributable to common shareholders and unitholders per diluted share/unit(2)
$
0.66

 
$
0.84

 
-21.4
 %
 
$
1.87

 
$
2.24

 
-16.5
 %
Adjusted FFO attributable to common shareholders and unitholders per diluted share/unit(2)
$
0.68

 
$
0.85

 
-20.0
 %
 
$
1.94

 
$
2.29

 
-15.3
 %

(1) Year-to-date 2017 net income and EBITDA (as defined below) included $85.5 million of gains from the sales of Hotel Deca, Lansdowne Resort, Alexis Hotel, Hotel Triton, and Westin Philadelphia. Third quarter and year-to-date 2016 net income and EBITDA included $104.8 million of gain from the sale of Indianapolis Marriott Downtown.




The following information was filed by Lasalle Hotel Properties (LHO) on Thursday, October 19, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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