Latest quarterly results from LaSalle Hotel Properties were hit by a once-off loss due to dipping hotel values, sending funds from operations down to $8.5 million. EBITDA for the quarter was $55.1 million compared to $48.4 million in the same period a year previously.
The figures were hit by a $23.6 million loss booked on the sale of the Seaview Resort in New Jersey. Revpar rose 6.3% to $148.39, and average daily rate was up 5.8% to $181.64, while occupany stayed level at 81.7 percent.
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