LaSalle Announces Departure of Hans S. Weger, CFO
September 29, 2010 - LaSalle Hotel Properties (NYSE:LHO) today announced that it and Hans S. Weger, the Company's Executive Vice President, Chief Financial Officer, Secretary and Treasurer, agreed that Mr. Weger's employment with the Company would terminate no later than February 28, 2011.
Mr. Weger will continue to serve as the Company's Chief Financial Officer for the transitional period, during which the Company will hire an individual to succeed Mr. Weger. The Company, in its discretion, may shorten the transitional period and accelerate the separation date to a date earlier than February 28, 2011.
“After 12 years of great service, Hans was interested in pursuing new opportunities and challenges. The board of directors and I are grateful to him for his years of contributions to all LHO stakeholders and his many accomplishments,” said LHO President and Chief Executive Officer Michael D. Barnello. “On behalf of the Board and management team, we wish him continued success in his future endeavors.”
LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 34 upscale full-service hotels, totaling over 9,200 guest rooms in 15 markets in 11 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, Sheraton Hotels & Resorts Worldwide, Inc., Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts and HEI Hotels & Resorts.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
