Lasalle Hotel Properties (LHO) Trims Q4, FY15 RevPAR Outlook

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LaSalle Hotel Properties Provides Updated 2015 Outlook & Announces Fourth Quarter Earnings Call To Be Held on February 19, 2016

January 13, 2016 8:30 AM EST

BETHESDA, Md.--(BUSINESS WIRE)-- LaSalle Hotel Properties (NYSE: LHO) today announced preliminary room revenue per available room (RevPAR) results for the quarter and year ended December 31, 2015 and updated its outlook for adjusted EBITDA. The Companys updated outlook for 2015 follows:

                    Q4        

Previous Q42015 Outlookas of 10/22/15

     

Current Q4 2015Outlook as of1/13/16 (1)

      ($'s in millions) RevPAR 1% - 3%       Approx. Flat   Adjusted EBITDA       $90.5 - $93.0       $89.0 - $90.0        ... More