Morgan Stanley Downgrades LaSalle Hotel Properties (LHO) to Equalweight
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LaSalle Hotel Properties Reports Third Quarter 2015 Results
October 22, 2015 4:06 PM EDTBETHESDA, Md.--(BUSINESS WIRE)-- LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter ended September 30, 2015. The Companys results are summarized below in two tables. The results in Table 1 reflect the Companys entire portfolio. Table 2 isolates the negative impact of a one-time event at Park Central New York and WestHouse (collectively PCNY/WH) and normalizes the Companys third quarter performance excluding this event. Throughout this release, the Company estimates the negative impact based on the PCNY/WH actual results for August and September 2015 versus their forecast for that period as of August 1, 2015.
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