On June 10, 2009, LaSalle Hotel Properties (the "Company") and LaSalle Hotel Operating Partnership, L.P. (the "Operating Partnership"), for which the Company is the general partner, entered into an underwriting agreement with Raymond James & Associates, Inc., Morgan Stanley & Co. Incorporated and Wachovia Capital Markets, LLC, as representatives of the several underwriters named in Schedule A thereto (the "Underwriting Agreement"). Pursuant to the terms and conditions of the Underwriting Agreement, the Company agreed to sell 10,000,000 common shares of beneficial interest, par value $0.01 per share, at a per share purchase price to the public of $14.75. Pursuant to the Underwriting Agreement, the Company granted the underwriters an option to purchase up to 1,500,000 additional common shares to cover overallotments. Assuming no exercise by the underwriters of their overallotment option, the Company expects to receive net proceeds from this offering of approximately $141.1 million after deducting the underwriting discount and estimated offering expenses payable by the Company of approximately $6.4 million.

The offering closed on June 15, 2009.

(d) Exhibits.

Exhibit
Number       Description
 1.1         Underwriting Agreement dated as of June 10, 2009 among Raymond James &
             Associates, Inc., Morgan Stanley & Co. Incorporated and Wachovia
             Capital Markets, LLC, as representatives of the several underwriters
             named in Schedule A thereto, the Company and the Operating Partnership

 5.1         Opinion of DLA Piper LLP (US) regarding legality of the shares

 8.1         Opinion of DLA Piper LLP (US) regarding tax matters

23.1         Consent of DLA Piper LLP (US) (included in Exhibit 5.1 and Exhibit
             8.1)