Document:

Exhibit 10.27

 Exhibit 10.27 
 CHANGE IN CONTROL SEVERANCE AGREEMENT 
 AGREEMENT, made and entered into as
of the 24th day of January 2011, by and among LaSalle Hotel Properties, a Maryland real estate investment trust (together with its successors and assigns permitted under this Agreement (the “Company”), and Bruce A. Riggins (the
“Executive”) (this “Agreement”). 
 WITNESSETH: 

WHEREAS, the Company and the Executive wish to enter into an agreement that provides benefits to the Executive in the event of certain
terminations of the Executive’s employment with the Company on the terms and conditions set forth herein; 
 NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company and the Executive (individually a “Party” and
together the “Parties”) agree as follows: 
 1. Definitions. 

(a) “Board” shall mean the Board of Trustees of the Company. 

(b) “Cause” shall mean that the Board concludes, in good faith and after reasonable investigation, that: (i) the Executive
is accused of engaging in conduct which is a felony under the laws of the United States or any state or political subdivision thereof; (ii) the Executive engaged in conduct relating to the Company constituting material breach of fiduciary duty,
willful misconduct (including acts of employment discrimination or sexual harassment) or fraud; (iii) the Executive breached his obligations or covenants under Section 4 of this Agreement in any material respect; or (iv) the Executive
materially failed to follow a proper directive of the Board or the Chief Executive Officer of the Company within the scope of the Executive’s duties (which shall be capable of being performed by the Executive with reasonable effort) after
written notice from the Board or the Chief Executive Officer, as applicable, specifying the performance required and Executive’s failure to perform within 30 days after such notice. For purposes of Section 1(b), no act, or failure to act,
on the Executive’s part shall be deemed “willful” unless done, or omitted to be done, by the Executive not in good faith or if the result thereof would be unethical or illegal. 

(c) “Change in Control” shall mean a change in control of the Company which will be deemed to have occurred after the date
hereof if: 
  

	 	(1)	 any “person” as such term is used in Section 3(a)(9) of the Exchange Act (as defined below), as modified and used in Sections 13(d) and
14(d) thereof except that such term shall not include (A) the Company or any of its subsidiaries, (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its affiliates, (C) an

	 	 
underwriter temporarily holding securities pursuant to an offering of such securities, (D) any corporation owned, directly or indirectly, by the shareholders of the Company in substantially
the same proportions as their ownership of the Company’s common shares, or (E) any person or group as used in Rule 13d-1(b) under the Exchange Act, is or becomes the Beneficial Owner, as such term is defined in Rule 13d-3 under the
Exchange Act, directly or indirectly, of securities of the Company representing more than 50% of the combined voting power or common shares of the Company; 

 

	 	(2)	 during any period of two consecutive years, individuals who at the beginning of such period constitute the Board, and any new Trustee (other than
(A) a trustee designated by a person who has entered into an agreement with the Company to effect a transaction described in clause (1), (3), or (4) of this Section 1(c) or (B) a trustee whose initial assumption of office is in
connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of trustees of the Company) whose election by the Board or nomination for election by the Company’s
shareholders was approved by a vote of at least two-thirds ( 2/3) of the trustees then still in office who either were trustees at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to
constitute at least a majority thereof; 

  

	 	(3)	there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any
parent thereof) in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any subsidiary of the Company, more than 50% of the combined voting power and common shares of
the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation; or 

  

	 	(4)	there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a
similar effect) other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, more than 50% of the combined voting power and common shares of which is owned by shareholders of the Company in
substantially the same proportions as their ownership of the common shares of the Company immediately prior to such sale. 

  
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 (d) “Date of Termination” shall mean the effective date of the termination of the
Executive’s employment. 
 (e) “Earned Bonus” shall mean the average bonus paid for the three most recent fiscal
years pro rated for the portion of the year elapsed. If the calculation is as of a time after the end of a fiscal year but prior to the actual payment of the bonus for such fiscal year, then the Earned Bonus shall mean (i) 100% of the average
bonus paid for the three most recent fiscal years plus (ii) the average bonus paid for the three most recent fiscal years pro rated for the portion of the then current year elapsed. If, at the time of calculation of Earned Bonus, Executive
shall not have been employed with the Company long enough to have been eligible to receive a bonus for three fiscal years, then the target bonus amount established by the Company’s board of trustees or the compensation committee thereof shall
be deemed to be the bonus paid for such year or years for which Executive was not so employed. For example, if the calculation were as of February 15, 2013, and the Company had not then paid a bonus for fiscal year 2013, then the Earned Bonus
would be (i) the average of (x) the bonus paid for fiscal year 2011, (y) the target bonus for 2012 and (z) the target bonus for 2012 plus (ii) the foregoing average pro rated for the portion of 2013 then elapsed. 

(f) “Effective Date” shall mean the date of this Agreement set forth above. 

(g) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

(h) “Good Reason” shall mean the occurrence, without the Executive’s prior written consent, of any of the following in
connection with or within one year after a Change in Control: (i) any material reduction of the Executive’s base salary or material reduction of the Executive’s target bonus as a percentage of base salary; (ii) any material
adverse change in the Executive’s duties or responsibilities, including assignment of duties inconsistent with his position, significant adverse alteration of the nature or status of responsibilities or the conditions of employment or any
material diminution in authority, duties, or responsibilities, including, without limitation, any such material adverse change that results from a transaction pursuant to which the Company ceases to be a Reporting Lodging REIT (as defined below);
(iii) a material diminution in the authority, duties, or responsibilities of the supervisor to whom the Executive is required to report including, without limitation, any material diminution that results from a transaction pursuant to which the
Company ceases to be a Reporting Lodging REIT; or (iv) relocation of the Company’s headquarters and/or the Executive’s regular work address to a location which requires the Executive to travel more than 50 miles from the
Executive’s residence. The parties acknowledge that a significant part of the duties and responsibilities of the Executive, and of the supervisor to whom the Executive may be required to report, as applicable, derives from the fact that the
Company is a reporting company under Section 12 of the Exchange Act. 
 (i) “Reporting Lodging REIT” shall mean a
lodging or hospitality company that is qualified as a real estate investment trust for purposes of federal income taxation, that is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act and that has shares of common
equity listed on a securities exchange registered as a national securities exchange pursuant to Section 6 of the Exchange Act. 

  
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 2. Term. 
 The Term of this Agreement shall commence on the Effective Date and end on the third anniversary of such Effective Date and shall be automatically renewed on an annual basis unless the Board provides
notice to the Executive six months prior to the date this Agreement is automatically renewed; provided, however, that (i) if a Change in Control is initiated during such period, the Term shall end on the later of such third
anniversary of the Effective Date or one day after the first anniversary of such Change in Control occurs, and (ii) the Term may be terminated earlier as provided in Section 3 below. Notwithstanding, in the event the Executive is entitled
to such benefits, such benefits shall be paid notwithstanding the subsequent expiration of the Term. 
 3. Termination of
Employment. 
 (a) Termination of Employment by the Company for Cause. The Company may terminate the Executive’s
employment for Cause during the Term upon written notice to the Executive. If the Executive’s employment is so terminated by the Company, the Term shall end as of the Date of Termination and the Executive shall thereupon be entitled solely to
the following: 
  

	 	(1)	base salary, and accrued vacation time (if any) earned but not paid prior to the Date of Termination, payable in a lump sum in accordance with the regular withholding
practices of the Company as in effect from time to time, within two business days after the Executive’s termination of employment; and 

  

	 	(2)	such other benefits, if any, as are provided under applicable plans, programs and/or arrangements of the Company; 

provided; however, that in the event the Executive is terminated as a result of subsection (1)(b)(i) and the Executive is subsequently acquitted of
the act or acts referred to therein, then Executive shall be deemed to have been terminated without Cause as of the date he was originally terminated. 
 (b) Termination of Employment by the Company Without Cause. The Company may terminate the Executive’s employment without Cause during the Term upon written notice to the Executive. If the
Executive’s employment is so terminated by the Company in connection with or within one year after a Change in Control, the Executive shall thereupon be entitled to the following: 

 

	 	(1)	base salary, Earned Bonus and accrued vacation time (if any) earned but not paid prior to the Date of Termination, payable in a lump sum in accordance with the regular
withholding practices of the Company as in effect from time to time, within two business days after the Executive’s termination of employment; 

  
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	 	(2)	a cash amount equal to the product of 2.0 times the sum of (x) the Executive’s annual base salary (based on the annual base salary in effect on the Date of
Termination), plus (y) the average amount of the bonuses paid to the Executive with respect to the three most recent fiscal years ending before the Date of Termination (provided that if the termination occurs before the Executive shall have
been employed long enough to have been eligible to receive a bonus for three fiscal years, then the target bonus amount established by the Company’s board of trustees or the compensation committee thereof shall be deemed to be the bonus paid
for such year or years for which Executive was not so employed), payable in a lump sum in accordance with the regular withholding practices of the Company as in effect from time to time, within two business days after the Executive’s
termination of employment; 

  

	 	(3)	continuation of then current health, dental, disability and life insurance benefits for two years; and 

 

	 	(4)	such other or additional benefits, if any, as are provided under applicable plans, programs and/or arrangements of the Company. 

If the Executive’s employment is so terminated by the Company without Cause, but there has not been any Change of Control, the
Executive shall thereupon be entitled to: (i) same as (1) above; (ii) sum of (x) the Executive’s annual base salary (based on the annual base salary in effect on the Date of Termination), plus (y) six months of the
average amount of the bonuses paid to the Executive with respect to the three most recent fiscal years ending before the Date of Termination (provided that if the termination occurs before the Executive shall have been employed long enough to have
been eligible to receive a bonus for three fiscal years, then the target bonus amount established by the Company’s board of trustees or the compensation committee thereof shall be deemed to be the bonus paid for such year or years for which
Executive was not so employed), payable in a lump sum in accordance with the regular withholding practices of the Company as in effect from time to time, within two business days after the Executive’s termination of employment;
(iii) continuation of then current health, dental, disability and life insurance benefits for one year; and (iv) same as (4) above. 
 (c) Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason during the Term upon at least 30 days’ prior written notice to the
Company which specifically identifies the basis for such Good Reason. The Company shall have 30 days to remedy the condition and not be required to pay any amount of severance hereunder. The Executive’s employment shall terminate upon the date
specified in his notice of termination. If the Company disputes the existence of Good Reason, the issue of whether Good Reason exists shall promptly be submitted to arbitration in accordance with Section 13. If the arbitrator or arbitrators
conclude that Good Reason does not exist, the Executive shall be treated as having terminated his employment hereunder without Good Reason on the date specified in his notice of termination. Upon the termination of the Executive’s

  
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employment by the Executive for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in the second sentence of Section 3(b) above; provided,
however, that if the Executive terminates his employment for Good Reason based on a material reduction in his annual base salary, then the annual base salary to be used in determining the salary payments in accordance with Section 3(b)(2)
above shall be the annual base salary in effect immediately prior to such reduction. 
 (d) Voluntary Termination of
Employment by the Executive Without Good Reason. If the Executive voluntarily terminates his employment without Good Reason during the Term, the Executive shall thereupon be entitled to the same payments and benefits as provided in
Section 3(a) above. A termination of the Executive’s employment under this Section 3(d) shall be effective upon 30 days’ prior written notice to the Company and shall not be deemed a breach of this Agreement. 

(e) Stay Bonus. If a Change in Control occurs during the Term, and if the Executive is still employed by the Company on the first
anniversary of such Change in Control, the Executive shall thereupon be entitled to a cash bonus payment equal to the product of 0.5 times the sum of (x) the Executive’s annual base salary (based on the annual base salary in effect on such
anniversary), plus (y) the average amount of the bonuses paid to the Executive with respect to the three most recent fiscal years ending before such anniversary (provided that if the termination occurs before the Executive shall have been
employed long enough to have been eligible to receive a bonus for three fiscal years, then the target bonus amount established by the Company’s board of trustees or the compensation committee thereof shall be deemed to be the bonus paid for
such year or years for which Executive was not so employed), payable in a lump sum in accordance with the regular withholding practices of the Company as in effect from time to time, within two business days after such first anniversary.
Notwithstanding the foregoing, the Executive shall not be entitled to receive such payment if, on or before such first anniversary of such Change in Control, the Executive is terminated for Cause or becomes entitled to payment under
Section 3(b) or 3(c) above. 
 (f) General Release by Executive. Notwithstanding any provision of this Agreement to
the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 is expressly conditioned upon the Executive’s timely execution and non-revocation of an
agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form
satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns. 
 4. Prohibited Activity. 
 (a) The Executive covenants and agrees that
(i) during the Term, and (ii) during the period ending on the first anniversary of his Date of Termination, he shall not at any time, without the prior written consent of the Company, directly or indirectly, whether for his own account or
as a shareholder, partner, joint venturer, employee, consultant, lender, advisor, and/or agent, of any person, firm, corporation, or other entity, solicit, recruit, hire or cause to be hired any employees of the Company or any of its affiliates or
persons who have worked for the Company or any of such affiliates, or solicit or encourage any employee of the Company or any of its affiliates to leave the employment of the Company or any of such affiliates, as applicable. 

  
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 (b) The Executive declares that the foregoing time limitations are reasonable and properly
required for the adequate protection of the business and the goodwill of the Company. In the event any such time limitation is deemed to be unreasonable by any court of competent jurisdiction, the Executive agrees to the reduction of such time
limitation to such period which such court shall deem reasonable. 
 (c) The Parties acknowledge that in the event of a breach
or threatened breach of Section 4(a) or 4(b) above, the Company shall not have an adequate remedy at law. Accordingly, in the event of any breach or threatened breach of Section 4(a) or 4(b) above, the Company shall be entitled to such
equitable and injunctive relief as may be available to restrain the Executive and any business, firm, partnership, individual, corporation or entity participating in the breach or threatened breach from the violation of the provisions of
Section 4(a) or 4(b) above. Nothing in this Agreement shall be construed as prohibiting the Company from pursuing any other remedies available at law or in equity for breach or threatened breach of Section 4(a) or 4(b) above, including the
recovery of damages. 
 5. Assignability; Binding Nature. 

This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the case of the
Executive) and assigns. The rights or obligations of the Company under this Agreement may not be assigned or transferred by the Company, except that such rights or obligations may be assigned or transferred pursuant to a merger, consolidation or
reorganization in which the Company is not the continuing entity, or the sale or liquidation of all or substantially all of the assets of the Company; provided, however, that the assignee or transferee is the successor to all or
substantially all of the assets of the Company, and such assignee or transferee assumes the liabilities, obligations and duties of the Company as contained in this Agreement, either contractually or as a matter of law. 

6. Representation. 
 The Company represents and warrants that it is fully authorized and empowered to enter into this Agreement and that the performance of its obligations under this Agreement will not violate any agreement
between it and any other person, firm or organization. The Executive represents and warrants that no agreement exists between him and any other person, firm or organization that would be violated by the performance of his obligations under this
Agreement. 
 7. Entire Agreement. 
 This Agreement contains the entire understanding and agreement between the Parties concerning the subject matter hereof and, subject to the occurrence of the Effective Date, supersedes all prior
agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the Parties with respect thereto. 

  
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 8. Amendment or Waiver. 

No provision in the Agreement may be amended unless such amendment is agreed to in writing and signed by the Executive and an authorized
officer of the Company with the title of Executive Vice President or above. No waiver by any Party of any breach by another Party of any condition or provision contained in this Agreement to be performed by such other Party shall be deemed a waiver
of a similar or dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by the Executive and an authorized officer of the Company with the title of Executive Vice President or above.

 9. Severability. 
 In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement shall be
unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. 
 10. Survivorship.

 The respective rights and obligations of the Parties hereunder shall survive any termination of the Executive’s
employment to the extent necessary to the intended preservation of such rights and obligations. 
 11.
Beneficiaries/References. 
 The Executive shall be entitled, to the extent permitted under any applicable law and under
the terms of any applicable plan or program, to select and change a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following the Executive’s death by giving the Company written notice thereof. In the event
of the Executive’s death or a judicial determination of his incompetence, reference in this Agreement to the Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative. 

12. Governing Law/Jurisdiction. 
 This Agreement shall be governed by, construed and interpreted in accordance with the laws of the State of Maryland without reference to principles of conflict of laws. 

13. Resolution of Disputes. 
 Any disputes arising under or in connection with this Agreement shall be resolved by binding arbitration, to be held in Bethesda, Maryland, in accordance with the rules and procedures of the American
Arbitration Association (the “AAA”). The Company and the Executive will each select an arbitrator, and a third arbitrator will be selected jointly by the arbitrators selected by the Company and the Executive within 15 days after demand for
arbitration is made by a Party. If the arbitrators selected by the Company and the Executive are unable to agree on a third arbitrator within that period, then either the Company or the Executive may request that the AAA select the third arbitrator.
The arbitrators will possess substantive 

  
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legal experience in the principle issues in dispute and will be independent of the Company and the Executive. The Company will pay all expenses (including the reasonable expenses of the
Executive, including his reasonable legal fees) incurred in connection with arbitration and the fees and expenses of the arbitrators and will advance such expenses from time to time as required. Except as may otherwise be agreed in writing by the
Parties or as ordered by the arbitrators upon substantial justification shown, the hearing for the dispute will be held within 60 days of submission of the dispute to arbitration. The arbitrators will render their final award within 30 days
following conclusion of the hearing and any required post-hearing briefing or other proceedings ordered by the arbitrators. The arbitrators will state the factual and legal basis for the award. The decision of the arbitrators will be final and
binding and not subject to judicial review, and final judgment may be entered upon such an award in any court of competent jurisdiction, but entry of such judgment will not be required to make such award effective. 

14. Notices. 
  

					
	If to the Company:	  	 All notices of termination must be
 in writing and be specific as to this
 Agreement and rationale or

clause/section of this Agreement.
	  	
	  
 LaSalle Hotel
Properties
 3 Bethesda Metro Center, Suite 1200

Bethesda, Maryland 20814

Telephone: 301-941-1500

Facsimile: 301-941-1553
	  	  
	  
 If to the Executive:
	  	  
	  
 c/o LaSalle Hotel
Properties
 3 Bethesda Metro Center, Suite 1200

Bethesda, Maryland 20814
	  	  

 15. Headings. 

The headings of the sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the
meaning or construction of any provision of this Agreement. 
 16. Gross-Up Payment. 

If in the opinion of tax counsel (from a major accounting firm not affiliated with the Company) selected by the Executive and reasonably
acceptable to the Company, the Executive has or will receive any compensation or recognize any income (whether or not pursuant to this Agreement or any plan or other arrangement of the Company and whether or not the Term or the Executive’s
employment with the Company has terminated) which will constitute an “excess parachute payment” within the meaning of Section 280G(b)(1) of the Internal Revenue Code (the “Code”) (or for which a tax is otherwise payable
under Section 4999 of the Code or any successor provision thereto), then the Company shall pay the Executive an additional amount (the “Additional Amount”) equal to the sum of (i) all taxes (including any

  
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applicable interest and penalties) payable by the Executive under Section 4999 of the Code with respect to all such excess parachute payments and any such Additional Amount, plus
(ii) all federal, state and local income taxes with “FICA” taxes (including any applicable interest and penalties) payable by Executive with respect to any such Additional Amount. Any amounts payable pursuant to this Section 16
shall be paid by the Company to the Executive within 30 days of each written request therefor made by the Executive. 
 17.
Mitigation. 
 Executive shall not be required to mitigate the amount of any payment provided for pursuant to this
Agreement by seeking other employment, and shall not be required to mitigate the amount of any such payment if he does obtain other employment and there shall be no mitigation by the Company of any such payment if he does obtain other employment.

 18. Counterparts. 
 This Agreement may be executed in two or more counterparts. 
 19.
Section 409A. 
 This Agreement and the amounts payable and other benefits hereunder are intended to comply with, or
otherwise be exempt from, Section 409A of the Code (“Section 409A”). This Agreement shall be administered, interpreted and construed in a manner consistent with Section 409A. Should any provision of this Agreement be found not to
comply with, or otherwise not to be exempt from, the provisions of Section 409A, it shall be modified and given effect, in the sole discretion of the Board or Compensation Committee thereof and without requiring the Executive’s consent, in
such manner as the Board or Compensation Committee determines to be necessary or appropriate to comply with, or to effectuate an exemption from, Section 409A. Each payment under this Agreement shall be treated as a separate identified payment
for purposes of Section 409A. The preceding provisions shall not be construed as a guarantee by the Company of any particular tax effect to the Executive of the payments and other benefits under this Agreement. 

With respect to any reimbursement of expenses of, or any provision of in-kind benefits to, the Executive, as specified under this
Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to the following conditions: (i) the expenses eligible for reimbursement or the amount of in-kind benefits provided in one taxable year shall not affect
the expenses eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year, except for any medical reimbursement arrangement providing for the reimbursement of expenses referred to in Section 105(b) of the
Code; (ii) the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; and (iii) the right to reimbursement or in-kind benefits shall not be subject to
liquidation or exchange for another benefit. 
 If a payment obligation under this Agreement arises on account of the
Executive’s separation from service while the Executive is a “specified employee” (as defined under Section 409A of the Code and determined in good faith by the Compensation Committee), any payment of “deferred
compensation” (as defined under Treasury Regulation Section 1.409A-1(b)(1), after giving effect to the exemptions in Treasury Regulation Sections 1.409A-1(b)(3) through (b)(12)) 

  
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that is scheduled to be paid within six months after such separation from service shall accrue without interest and shall be paid within 15 days after the end of the six-month period beginning on
the date of such separation from service or, if earlier, within 15 days after the appointment of the personal representative or executor of the Executive’s estate following his death. 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

					
	 LaSalle Hotel Properties

		
	By:	 	 /s/ Michael D. Barnello

		 	Name:	 	Michael D. Barnello
		 	Title:	 	Chief Executive Officer and President
		
		 	 /s/ Bruce A. Riggins

		 	 Bruce A. Riggins

  
 12Exhibit 10.34

 Exhibit 10.34 
 TOTAL COMMITMENTS INCREASE AGREEMENT 
 This Total Commitments Increase Agreement (the “Agreement”) is dated as of January 14, 2008, and is entered into by and among BRANCH BANKING
AND TRUST COMPANY (“BB&T”), BMO Capital Markets Financing, Inc. (“BMO Capital Markets”), BANK OF MONTREAL,
CHICAGO BRANCH (“BMO”), THE ROYAL BANK OF SCOTLAND PLC (“RBS”), WACHOVIA
BANK, NA (“Wachovia”), Raymond James Bank, FSB (“Raymond James”), U.S. BANK NATIONAL ASSOCIATION (“U.S. BANK”) and
NATIONAL CITY BANK (“National City” and, collectively with RBS, Wachovia, Raymond James and U.S. Bank, the “Increasing Banks”) and BANK OF
MONTREAL, CHICAGO BRANCH, as Administrative Agent. Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Credit Agreement identified below, receipt of a
copy of which is hereby acknowledged by the New Banks. The Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Agreement as if set forth herein in full.

 RECITALS: 
 WHEREAS, LaSalle Hotel Operating Partnership, L.P. (the “Borrower”), the Banks party thereto, Bank of Montreal, Chicago Branch, as Administrative Agent and Bank of America,
N.A., as Syndication Agent, are parties to that certain Amended and Restated Senior Unsecured Credit Agreement dated as of June 9, 2005 (as the same has previously been amended by the First Amendment to Amended and Restated Senior Unsecured
Credit Agreement by and among the Borrower, the Banks party thereto and the Administrative Agent dated as of May 23, 2006, and by the Second Amendment to Amended and Restated Senior Unsecured Credit Agreement by and among the Borrower, the
Banks party thereto and the Administrative Agent dated as of April 13, 2007, and as it may further be amended, restated or otherwise modified, the “Credit Agreement”); 

WHEREAS, pursuant to Section 1.06 of the Credit Agreement, the Borrower has the option to request an increase of the
Total Commitments, which are currently $300,000,000, to an amount not to exceed $450,000,000; and 
 WHEREAS, the
Borrower desires to increase the Total Commitments by $150,000,000 (resulting in Total Commitments of $450,000,000), and the New Banks and the Increasing Banks desire to extend new commitments and increased commitments, respectively, to the Borrower
in an aggregate amount equal to such increased amount pursuant to the terms and conditions set forth herein; 

NOW, THEREFORE, for good and valuable consideration, the receipt of which are hereby acknowledged, the
parties hereto agree and acknowledge as follows: 
 Subject to and in accordance with the Terms and Conditions set forth on
Annex 1 hereto and the Credit Agreement, in respect of the interest in and to all of the rights and obligations of a Bank under the Credit Agreement and all other Credit Documents (including without limitation any rights and obligations in respect
of Letters of Credit and Guaranties and, to the extent permitted to be assumed under applicable law, all claims (including without limitation contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in
equity), suits, causes of action and any other right of a Bank against any Person whether known or unknown arising under or in connection with the Credit Agreement, any other Credit Document), (i) BB&T and BMO Capital Markets hereby become
Banks under the Credit Agreement and each extends its respective Commitment (the “New Commitments”) and (ii) each Increasing Bank increases its respective Commitment (the “Increased Commitments”). 

1. The amounts of the New Commitment, Increased Commitments and Total Commitments are as follows: 

 

	 	1.1	New Commitment of BB&T: $30,000,000.00 

 New Commitment of BMO Capital Markets (comprised of a new Commitment amount of $25,000,000 plus the Commitment of $40,000,000 assigned by BMO and assumed by BMO Capital Markets pursuant to Section 2
of this Agreement): $65,000,000.00 

	 	1.2	Increased Commitments: 

 (a) Commitment of RBS (comprised of an original Commitment amount of $40,000,000 plus an additional Commitment amount of $25,000,000): $65,000,000.00 

(b) Commitment of Wachovia (comprised of an original Commitment amount of $40,000,000 plus an additional Commitment amount
of $25,000,000): $65,000,000.00 
 (c) Commitment of Raymond James (comprised of an original Commitment amount of
$30,000,000 plus an additional Commitment amount of $25,000,000): $55,000,000.00 
 (d) Commitment of National
City (comprised of an original Commitment amount of $15,000,000 plus an additional Commitment amount of $10,000,000): $25,000,000.00 
 (e) Commitment of U.S. Bank (comprised of an original Commitment amount of $15,000,000 plus an additional Commitment amount of $10,000,000): $25,000,000.00 

 

	 	1.3.	Total Commitments: $450,000,000.00 

 2. In connection with this Agreement, BMO (“Assignor”) wishes to assign and delegate 100% of its rights and obligations as a Bank (but not its rights and obligations as the Administrative
Agent) under the Credit Agreement and BMO Capital Markets (“Assignee”) desires to assume and accept such rights and obligations. Therefore, Assignor, Assignee, and the Administrative Agent agree as follows: 

2.1. The Assignor hereby sells and assigns and delegates to the Assignee, and the Assignee hereby purchases and assumes
from the Assignor a 100% interest in and to all of the Assignor’s rights and obligations as a Bank under the Credit Agreement in connection with its Commitment, including, without limitation, such percentage interest in the Assignor’s
Commitment and the Advances owing to the Assignor, the participation interest in the Letter of Credit Obligations held by the Assignor, and the Note held by the Assignor. 

  
 -2-

 2.2. The Assignor shall, to the extent provided in this Agreement,
relinquish its rights as a Bank (other than rights against the Borrower pursuant to Sections 2.09, 2.11(c) and 10.07 of the Credit Agreement, which shall survive this assignment) and be released from its obligations as a Bank under the Credit
Agreement (other than the obligations of BMO pursuant to Section 10.20, which shall survive this assignment). 

[Signatures begin on following page] 

  
 -3-

 The terms set forth in this Agreement are hereby agreed to: 

 

			
	“NEW BANKS”
	
	BRANCH BANKING AND TRUST COMPANY
		
	By:	 	 /s/ Carolyne E. Pelton

	Name:	 	Carolyne E. Pelton
	Title:	 	Senior Vice President
	
	 BMO CAPITAL MARKETS FINANCING, INC., as a
New Bank and
as Assignee

		
	By:	 	 /s/ Virginia Neale

	Name:	 	Virginia Neale
	Title:	 	Vice President
	
	“INCREASING BANKS”
	
	THE ROYAL BANK OF SCOTLAND PLC
		
	By:	 	 /s/ William McGinty

	Name:	 	William McGinty
	Title:	 	Senior Vice President
	
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Matthew Ricketts

	Name:	 	Matthew Ricketts
	Title:	 	Vice President
	
	RAYMOND JAMES BANK, FSB
		
	By:	 	 /s/ Thomas G. Scott

	Name:	 	Thomas G. Scott
	Title:	 	Senior Vice President

  
 [Signature
Page to Total Commitments Increase Agreement] 

			
	NATIONAL CITY BANK
		
	By:	 	 /s/ Peter L. Westover

	Name:	 	Peter L. Westover
	Title:	 	Vice President
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Lori Y. Jensen

	Name:	 	Lori Y. Jensen
	Title:	 	Vice President
	
	“ADMINISTRATIVE AGENT”
	
	 BANK OF MONTREAL, CHICAGO BRANCH,
as
Assignor and as Administrative Agent

		
	By:	 	 /s/ Virginia Neale

	Name:	 	Virginia Neale
	Title:	 	Vice President

 Accepted and Agreed: 

 

					
	 LASALLE HOTEL OPERATING PARTNERSHIP,
L.P.

		
	By:	 	LaSalle Hotel Properties, its general partner
			
		 	By:	 	 /s/ Hans Weger

		 	Name:	 	Hans Weger
		 	Title:	 	Chief Financial Officer

  
 [Signature
Page to Total Commitments Increase Agreement] 

 ANNEX 1 

TERMS AND CONDITIONS FOR 

TOTAL COMMITMENTS INCREASE AGREEMENT 

1. Representations and Warranties.  
 1.1 BB&T and BMO Captial Markets each (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to
consummate the transactions contemplated hereby and to become a Bank under the Credit Agreement, (ii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Bank thereunder and, to the extent of its
New Commitment, shall have the obligations of a Bank thereunder, (iii) agrees that its payment instructions and notice instructions are as set forth in Schedule 1 to this Agreement, (iv) confirms it has received a copy of the Credit
Agreement, together with copies of financial statements and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement and to extend its New Commitment on the basis of
which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Bank, and (v) attached as part of Schedule 1 to this Agreement is any documentation required to be delivered by such New
Bank with respect to its tax status pursuant to the terms of the Credit Agreement, duly completed and executed by such New Bank and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent or any other
Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their
terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Bank. 
 1.2. BMO represents and warrants that it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby.

 1.3. RBS represents and warrants that it has full power and authority, and has taken all action necessary, to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. 
 1.4. Wachovia
represents and warrants that it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby. 

1.5. Raymond James represents and warrants that it has full power and authority, and has taken all action necessary, to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. 
 1.6. U.S. Bank
represents and warrants that it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby. 

1.7. National City represents and warrants that it has full power and authority, and has taken all action necessary, to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. 
 1.8. The Borrower
represents and warrants that as of the Effective Date it is in compliance with the terms and conditions of the Credit Agreement, the representations and warranties made in the Credit Agreement are true and correct in all material respects, and no
Default has occurred and is continuing under the Credit Agreement or shall result after giving effect to this Agreement. 
 2.
Conditions Precedent. This Agreement shall be effective on that date that each of the following conditions precedent is satisfied (“Effective Date”). 

2.1. The Borrower, the New Banks, the Increasing Banks and the Administrative Agent shall have executed and delivered this
Agreement; 
 2.2. The Borrower shall have executed and delivered Notes payable to the New Banks and the
Increasing Banks in the amount of their respective New Commitments and Increased Commitments. 
 2.3. The
Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower dated as of the date of this Agreement certifying as of the date of this Agreement (A) resolutions of the
Board of Directors or the members of the general partner of the Borrower with respect to the transactions herein contemplated, (B) a true and correct copy of the organizational documents of the Parent, (C) a true and correct copy of the
partnership agreement for the Borrower, and (D) a true and correct copy of all partnership authorizations necessary or desirable in connection with the transactions herein contemplated; and 

 2.4. The Administrative Agent shall have received a favorable written
opinion of DLA Piper US LLP, special counsel for the Borrower, in a form reasonably acceptable to the Administrative Agent, dated as of the date hereof. 
 3. Payments. 
 3.1. From and after the Effective Date, the
Administrative Agent shall make all payments in respect of the New Commitments (including payments of principal, interest, fees and other amounts) to the New Banks for amounts which have accrued from and after the Effective Date. 

3.2. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Increased
Commitments (including payments of principal, interest, fees and other amounts) to the Increasing Banks for amounts which have accrued from and after the Effective Date. 

  
 -2-

 4. Limited Waiver. The Administrative Agent waives the requirement of
Section 1.06(a)(ii) of the Credit Agreement that the Borrower give 30 days written notice of an election to increase the Total Commitments. This wavier is limited as specifically written herein and does not constitute a waiver of any other term
or condition of the Credit Agreement. 
 5. Return of Old Notes. Promptly after the Effective Date, BMO and the
Increasing Banks shall return to the Borrower those old Notes, each dated June 30, 2005, delivered by the Borrower to BMO and the Increasing Banks on or about the Closing Date. 

6. General Provisions. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. The Borrower agrees to pay on demand all costs and expenses of or incurred by the Administrative Agent in connection with the negotiation, preparation, execution and delivery of this Agreement, including the fees and expenses
of counsel for the Administrative Agent. This Agreement may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be
effective as delivery of a manually executed counterpart of this Agreement. This Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 

  
 -3-

 SCHEDULE 1 

[Administrative Questionnaires for BB&T and BMO Capital Markets] 

 Bank of Montreal Administrative Questionnaire 

 

					
	Name of Deal	  	LaSalle Hotel Operating Partnership L.P.	 	
			
	Legal Name of Bank	  	 Branch Banking and Trust Company
	 	
	Exact Name of Signing Officer:	  	 Carolyne Pelton
	 	
	Tax payer ID#	  	 XX - XXXXXXX
	 	
	Title of Signing Officer	  	 Senior Vice President
	 	

 Attach your Institution’s applicable US Tax Form. 

 

					
		  	CREDIT CONTACT	  	LEGAL CONTACT
			
	Credit Contact Name:	  	 Carolyne Pelton
	  	 David Barnes

	Address:	  	 8200 Greensboro Dr Ste 1000
	  	 200 W 2nd Street

		  	 McLean, VA 22102
	  	 Winston-Salem, NC 27101

	Tel:	  	 703-442-5548
	  	 336-733-2182

	Fax:	  	 703-442-4025
	  	 336-733-2189

	E Mail Address	  	 CPelton@bbandt.com
	  	 DBarnes@bbandt.com

			
	Backup Name:	  	 James E. Davis
	  	
	Address:	  	 8200 Greensboro Dr Ste 1000
	  	
		  	 McLean, VA 22102
	  	
	Tel:	  	 703-442-5561
	  	
	Fax:	  	 703-442-4025
	  	
	E Mail Address	  	 JEDavis@bbandt.com
	  	
	
	(For Libor/Prime Lending)
			
	Contact Name:	  	 Divina S. Tamayo
	  	
	Address:	  	 8200 Greensboro Dr Ste 1000
	  	
		  	 McLean, VA 22102
	  	
	Tel:	  	 703-442-4438
	  	
	Fax:	  	 703-442-4025
	  	
	E Mail Address	  	 DTamayo@bbandt.com
	  	
	
	ADMINISTRATIVE CONTACT
			
	Contact Name:	  	 Divina S. Tamayo
	  	
	Address:	  	 8200 Greensboro Dr Ste 1000
	  	
		  	 McLean, VA 22102
	  	
	Tel:	  	 703-442-4438
	  	
	Fax:	  	 703-442-4025
	  	
	E Mail Address	  	 DTamayo@bbandt.com
	  	
	
	WIRE INSTRUCTIONS TO YOUR BANK
			
		  	 Branch Banking and Trust Company
	  	
		  	 Washington, DC
	  	
		  	 ABA: XXXXXXXXX
	  	
		  	 Account Name: LaSalle Hotel
	  	
		  	 Account Number:
	  	
		  	 Notify: Divina Tamayo @ 704-442-4038
	  	
	
	Bank of Montreal wire transfer Instructions:
			
		  	Harris N.A.	  	
		  	Chicago Branch	  	
		  	ABA# XXXXXXXXX	  	
		  	For further credit to	  	
		  	Bank of Montreal, Chicago branch	  	
		  	A/C# XXXXXXX	  	
		  	Re: LaSalle Hotel	  	

  

					
	Contacts at Bank of Montreal:	  		  	
	CLOSING SPECIALIST	  		  	SERVICING ANALYST
	Chandra Owens	  		  	Carl Fanning
	111 W. Monroe St. FL 11C	  		  	115 S. LaSalle St FL 17W
	Chicago, IL 60603	  		  	Chicago, IL 60603
	Tel: (312) 461-7299	  		  	Tel: 312-461-5322
	Fax: (312) 765-8078	  		  	Fax: 312-461-5955

			
	Bank of Montreal	  	
	Alicia Garcia	  	Mailing Address:
	Agency Services	  	115 S. Lasalle St- 17th floor
	Tele: (312) 461-7017	  	Chicago, Il 60603
	Fax: (312) 765-8078	  	
	alicia.garcia@harrisbank.com

  

					
	Reference- Deal Name:	 	
            LASALLE HOTEL OPERATING
PARTNERS
	  	
			
	Attention :	 	             ALICIA
GARCIA
	  	

  

			
	LEGAL NAME OF INSTITUTION:	  	 BANK OF MONTREAL

		
	Tax Payer ID #:	  	 XX-XXXXXXX

		
	Name of Fund Manager (if applicable):	  	  

  

			
	Relationship Manager: (Credit Contact)
		
	Name:	  	 Aaron Lanski

	Title:	  	 Director- Corporate Real Estate

	Address:	  	 115 S. LaSalle- 18W

		  	 Chicago, IL 60603

		  	  

	Telephone:	  	 312-461-6364

	Fax:	  	  

	Email:	  	 aaron.lanski@harrisbank.com

FOR ALL ACTIVITY ON THIS CREDIT: 

(i.e. new borrowing, disbursements of fees, payments, etc.) 
  

					
	PRIMARY SERVICING CONTACT	 		  	DEAL SPECIALIST (CLOSINGS-AMENDMENTS)
	Nancy Surla	 		  	Alicia Garcia
	Bank of Montreal	 		  	Bank of Montreal
	115 S. LaSalle - 17th Floor West	 		  	115 S. LaSalle - 17th Floor West
	Chicago, IL 60603	 		  	Chicago, IL 60603
			
	BMO Agency Services	 		  	BMO Agency Services
	Telephone Number: (312) 461-2290	 		  	Telephone Number: (312) 461-7017
	Fax Number: (312) 461-3458	 		  	Fax Number: (312) 765-8078
	GFS.AgencyUS@bmo.com	 		  	

 AGENT PAYMENT/WIRE TRANSFER INSTRUCTIONS: 

Harris NA 

Chicago, IL 

ABA # XXXX XXXXX 
 Acct Name:    Bank of Montreal 
 Acct No: XXX-XXX-X

 Attention: BMO Global Distribution 
 Reference:      LASALLE HOTEL OPERATING PARTNERS

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