UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
 
(Amendment No. 1)


  
LaSalle Hotel Properties
 
 
(Name of Issuer)
 
 
 
 
 
Common Stock, par value $0.01 per share
 
 
(Title of Class of Securities)
 
 
 
 
 
517942108
 
 
(CUSIP Number)
 
 
 
 
 
Christopher M. McLean
HG Vora Capital Management, LLC
330 Madison Avenue, 20th Floor
New York, NY 10017
(212) 707-4300
 
 
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
Copy to:
Jeffrey R. Katz
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199
(617) 951-7072
  
     
 
April 23, 2018
 
 
(Date of Event Which Requires Filing of this Statement)
 
 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
 
 
CUSIP NO.: 517942108
 
 
(1)
NAME OF REPORTING PERSON: HG Vora Capital Management, LLC
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
☐
 
 
(b)
☐
 
(3)
SEC USE ONLY

(4)
SOURCE OF FUNDS: WC

(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
 
(7)
 
SOLE VOTING POWER: 9,250,000
 
 
(8)
 
SHARED VOTING POWER: 0
 
 
(9)
 
SOLE DISPOSITIVE POWER: 9,250,000
 
 
(10)
 
SHARED DISPOSITIVE POWER: 0
 
 
 
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 9,250,000
 
 
(12)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
 
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.2%
 
(14)
TYPE OF REPORTING PERSON: OO (Delaware limited liability company)
 
 
 
__________________
 
Page 2 of 4
 
 
INTRODUCTORY STATEMENT

This Amendment No. 1 (“Amendment No. 1”) amends the Schedule 13D filed on April 2, 2018 with the Securities and Exchange Commission by HG Vora Capital Management, LLC (the “Manager” or the “Reporting Person”) with respect to the shares of Common Stock of LaSalle Hotel Properties owned directly by the HG Vora Special Opportunities Master Fund, Ltd.    The Manager is hereinafter referred to as the “Reporting Person.”  Any disclosures herein with respect to persons other than the Reporting Person are made on information and belief after making inquiry to the appropriate party.

Capitalized terms used but not defined herein shall have the meaning given in the Schedule 13D filed on April 2, 2018 (the “Schedule 13D”).

Items 4 and 5 of the Schedule 13D are hereby amended and supplemented as follows.

Item 4.
Purpose of Transaction.
 
The Reporting Person acquired the Common Stock for investment purposes in the ordinary course of business and presently holds approximately 8.2% of the Issuer’s Common Stock.

The Reporting Person has engaged, and expects to continue to engage, in communications with the Issuer’s management and board of directors concerning strategic alternatives, including a potential sale of the Issuer.

Except for the foregoing, the Reporting Person does not have, as of the date of this filing, any plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D
   
Item 5.          Interest in Securities of the Issuer

(a) and (b). Set forth below is the beneficial ownership of shares of Common Stock of the Issuer for each person named in Item 2.
1.
Manager – 9,250,000 shares of common stock, which represents 8.2% of the Issuer’s outstanding Common Stock.
 
All percentages set forth in this Schedule 13D are based upon the Issuer’s 113,205,006 outstanding shares of Common Stock as reported in the Issuer’s Form 10-K filed with the Securities and Exchange Commission on February 20, 2018.

(c) In the 60 days prior to this filing, the following describes the Reporting Person’s purchase and sale activity in shares of Common Stock in the open market:
                                     
Trade Date   Shares Purchased/(Sold)   Avg. Price of Shares Purchased/Sold
2/22/18
 
250,000
$24.93
2/26/18
 
150,000
$25.13
3/1/18
 
50,000
$24.50
3/21/18
 
15,000
$25.62
3/22/18
 
35,000
$25.31
3/28/18
 
660,000
$28.50
3/29/18
 
1,740,000
$28.86
4/17/18
 
395,000
$31.27
4/18/18
 
105,000
$31.21
4/19/18
 
169,522
$30.83
4/20/18
 
330,478
$30.88
4/23/18
 
250,000
$31.08
       
       
       
(d) and (e). Not applicable
Page 3 of 4
 
SIGNATURE
 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
April 23, 2018
 



 
HG VORA CAPITAL MANAGEMENT, LLC
 
 
 
  
 
 
By:
/s/ Parag Vora
 
 
Name:
Parag Vora
 
 
Title:
Managing Member
 
 
 
 
 
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