FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 --------------------------
INITIAL STATEMENT OF OMB APPROVAL
BENEFICIAL OWNERSHIP OF SECURITIES --------------------------
OMB NUMBER: 3235-0104
EXPIRES:
SEPTEMBER 30, 1998
Filed pursuant to Section 16(a) of the ESTIMATED AVERAGE
Securities Exchange Act of 1934, BURDEN HOURS
Section 17(a) of the Public Utility PER RESPONSE 0.5
Holding Company Act of 1935 ----------------------------
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
LaSalle Partners Incorporated
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(Last) (First) (Middle)
200 East Randolph Drive
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(Street)
Chicago Illinois 60601
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
2/28/99
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
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4. Issuer Name and Ticker or Trading Symbol
LaSalle Hotel Properties (LHO)
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5. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE)
( ) DIRECTOR
(X) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
___________________________
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6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR)
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7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LINE)
(X) FORM FILED BY ONE REPORTING PERSON
( ) FORM FILED BY MORE THAN ONE REPORTING PERSON
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. TITLE OF SECURITY 2.AMOUNT OF 3. OWNERSHIP 4. NATURE OF INDIRECT
(INSTR. 4) SECURITIES FORM DIRECT BENEFICIAL OWNERSHIP
BENEFICIALLY DIRECT (D) (INSTR.5)
OWNED OR INDIRECT
(INSTR. 4) (I) (INSTR.
5)
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Common Shares of
Beneficial Interest 850,110 I by wholly owned
subsidiary
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 4)
(i) Limited Partnership Units
(ii) Limited Partnership Units
(iii) Options to Purchase Common Shares
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2. Date Exercisable and Expiration Date (Month/Day/Year)
(i) 4/29/99 (i) n.a.
(ii) 4/29/99 (ii) n.a.
(iii) 4/29/99 (iii) 4/29/08
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Date Exercisable Expiration Date
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3. Title and Amount of Securities Underlying Derivative Security (Instr.4)
(i) Common Shares of Beneficial Interest (i) 668,568
(ii) Common Shares of Beneficial Interest (ii) 262,237
(iii) Common Shares of Beneficial Interest (iii) 273,596
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Title Amount of Number of Shares
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4. Conversion or Exercise Price of Derivative Security
(i) $0
(ii) $0
(iii) $18.00 per share
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5. Ownership Form of Derivative Security: Direct(D) or Indirect (I)
(Instr.5)
(i) I
(ii) I
(iii) I
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
(i) by partnerships under the control of the reporting person,
see footnote 1 to this form
(ii) by wholly owned subsidiary
(iii) by wholly owned subsidiary
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EXPLANATION OF RESPONSES:
Footnote 1: LaSalle Partners Incorporated disclaims beneficial ownership
except to the extent of its interest in these entities.
/s/ Robert K. Hagan, Vice President 3/10/99
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**SIGNATURE OF REPORTING PERSON Date
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** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY
SIGNED. IF SPACE PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR
PROCEDURE.
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS
A CURRENTLY VALID OMB NUMBER.
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