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Michael Barnello

LaSalle CEO Says Lodging Sector a “Seller’s Market”

LaSalle Hotel Properties has no plans for more asset acquisitions in the new future.

Michael Barnello, president and CEO of LaSalle Hotel Properties (NYSE: LHO), joined for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown.

Following a series of deals to sell hotels from its portfolio, LaSalle doesn’t have any immediate plans to acquire more assets, according to Barnello. He described the current landscape in the lodging sector as a “seller’s market.”

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