Pebblebrook to buy LaSalle Hotel in $5.2 bln deal
05 Sep Pebblebrook to buy LaSalle Hotel in $5.2 bln deal
Posted at 13:31h
in
News
by KMFSLLP
U.S. hotel owner Pebblebrook Hotel Trust
said it agreed to buy LaSalle Hotel Properties
in a $5.2 billion cash-and-stock deal, a day after ditching a
$4.8 billion all-cash offer from private equity firm Blackstone
Group LP.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju
Samuel)
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