Tag Archives: Denihan Hospitality Group

Business, Finance, Occupation & Industry

Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $50.0 Million, 3.14 Percent, Secured

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By Business Wirevia The Motley Fool

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Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $50.0 Million, 3.14 Percent, Secured Debt Financing

BETHESDA, Md.–(BUSINESS WIRE)– Pebblebrook Hotel Trust (NYS: PEB) (the “Company”) today announced that the joint venture between Pebblebrook Hotel Trust and Denihan Hospitality Group, which owns six upper upscale hotels (the “Manhattan Collection”) in New York, New York, has successfully executed a new $50.0 million non-recourse, secured loan with PNC Bank, N.A. at a fixed annual interest rate of 3.14 percent. The interest-only loan has a term of five years and is secured by a first mortgage on the upper upscale, 242-room Affinia Dumont. Proceeds from the loan will be used for general business purposes.

Affinia Dumont Lobby, New York, New York (Photo: Business Wire)

“We are very happy with the completion of this debt financing and our continued ability to access the debt markets at extremely attractive terms,” said Raymond D. Martz, Chief Financial Officer for Pebblebrook Hotel Trust. “This transaction further strengthens our balance sheet and we remain well positioned for growth opportunities in the marketplace.”

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT“) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 26 hotels, including 20 wholly owned hotels with a total of 4,960 guest rooms and a 49% joint venture interest in six hotels with a total of 1,733 guest rooms. The Company owns, or has an ownership interest in, hotels located in ten states and the District of Columbia, across 16 markets: Los Angeles, California; San Diego, California; San Francisco, California; Santa Monica, California; West Hollywood, California; Miami, Florida; Buckhead, Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; Seattle, Washington; and Washington, DC. For more information, please visit www.pebblebrookhotels.com.

About Denihan Hospitality Group

Denihan Hospitality Group is a privately-held, full-service hotel management and development company that owns and/or operates 14 boutique hotels in major urban markets in the U.S. Over the past 50 years, the Denihan family has built a world-class lodging investment platform within the boutique hotel space, creating …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

LaSalle Hotel Properties Announces First Quarter Earnings Call to be Held on April 18, 2013

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By Business Wirevia The Motley Fool

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LaSalle Hotel Properties Announces First Quarter Earnings Call to be Held on April 18, 2013

BETHESDA, Md.–(BUSINESS WIRE)– LaSalle Hotel Properties (NYS: LHO) today announced it will report financial results for the First Quarter 2013 on Wednesday, April 17, 2013 after the market closes. The Company will conduct its quarterly conference call on Thursday, April 18, 2013 at 10:00 AM EDT.

To participate in the conference call, please follow the steps listed below:

1. On April 18, 2013, dial (888) 663-2254 approximately ten minutes before the call begins (9:50 AM EDT);

2. Tell the operator that you are calling for LaSalle Hotel Properties’ First Quarter 2013 Earnings Conference Call;

3. State your full name and company affiliation and you will be connected to the call.

A live webcast of the Earnings Call will also be available through the Company’s website. To access, log on to http://www.lasallehotels.com ten minutes prior to the call. A replay of the conference call webcast will be archived and available online through the Investor Relations section of http://www.lasallehotels.com.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 40 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale, full-service hotels, totaling more than 10,600 guest rooms in 13 markets in 9 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, Thompson Hotels, 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 .

LaSalle Hotel Properties
Bruce Riggins or Kenneth Fuller, 301-941-1500

KEYWORDS:   United States  North America  Maryland

INDUSTRY KEYWORDS:

The article LaSalle Hotel Properties Announces First Quarter …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

LaSalle Hotel Properties Declares Dividend for the First Quarter 2013

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By Business Wirevia The Motley Fool

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LaSalle Hotel Properties Declares Dividend for the First Quarter 2013

BETHESDA, Md.–(BUSINESS WIRE)– LaSalle Hotel Properties (NYS: LHO) today declared a quarterly dividend of $0.20 per common share of beneficial interest for the quarter ending March 31, 2013. The first quarter dividend will be paid on April 15, 2013 to common shareholders of record on March 28, 2013.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 40 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale full-service hotels, totaling over 10,600 guest rooms in 13 markets in nine states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale and luxury, full-service hotels located in convention, resort and major urban business 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, Thompson Hotels, 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 .

LaSalle Hotel Properties
Bruce A. Riggins or Kenneth G. Fuller, 301-941-1500

KEYWORDS:   United States  North America  Maryland

INDUSTRY KEYWORDS:

The article LaSalle Hotel Properties Declares Dividend for the First Quarter 2013 originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

LaSalle Hotel Properties Announces the Partial Redemption of 7.25% Series G Cumulative Redeemable Pr

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By Business Wirevia The Motley Fool

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LaSalle Hotel Properties Announces the Partial Redemption of 7.25% Series G Cumulative Redeemable Preferred Shares

BETHESDA, Md.–(BUSINESS WIRE)– LaSalle Hotel Properties (NYS: LHO) today provided notice to the holders of its 7.25% Series G Cumulative Redeemable Preferred Shares (the “Series G Preferred Shares”) of the redemption of 4,000,000 of the 6,348,888 issued and outstanding Series G Preferred Shares, representing approximately 63% of the outstanding shares. The cash redemption price for the Series G Preferred Shares is $25.00 per share, plus accrued and unpaid dividends through the redemption date.

The redemption date will be April 5, 2013. Redemptions will be on a pro rata basis (as nearly as practicable without creating fractional shares). All Series G Preferred Shares are held through the Depositary Trust Company (DTC), and the shares called for redemption will be chosen and redeemed according to DTC‘s procedures.

After the redemption date, dividends on the Series G Preferred Shares called for redemption will cease to accrue. Payment of the redemption price will be made only upon presentation and surrender of certificates representing the Series G Preferred Shares to Wells Fargo Bank, N.A., the Company’s transfer agent, during its normal business hours at the address specified in the Notice of Redemption.

The Notice of Redemption and related materials were mailed today to holders of record of the Series G Preferred Shares. Questions relating to the Notice of Redemption and related materials should be directed to Wells Fargo Bank, N.A., at 1-800-468-9716.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 40 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale full-service hotels, totaling over 10,600 guest rooms in 13 markets in nine states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale and luxury, full-service hotels located in convention, resort and major urban business 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, Thompson Hotels, 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.

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking …read more
Source: FULL ARTICLE at DailyFinance