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Hotel firm has income drop

CommentsComment on this article
Apr 20, 2007 12:00 AM (540 days ago) by Dave Carey, The Examiner
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Related Topics: Bethesda

Bethesda (Map, News) - Bethesda-based LaSalle Hotel Properties announced Wednesday that the hotel management firm experienced a drop in net income for the first quarter of 2007 of $17.6 million.

This year, LaSalle reported a net income of $15.7 million, a drop of more than 50 percent from last year’s mark of $33.3 million. Net income for the first quarter of 2006 also included a $38.4 million boost from the sale of the Chicago Marriott Downtown.

Room rates also rose 5.4 percent for the quarter, to $180.94, compared with the same time a year ago.

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12:50 AM MST on Fri., Feb. 29, 2008 re: "New Hotel Comes to SF"

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Ugly building

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