A LaSalle Hotel holding A LaSalle Hotel holding

BETHESDA, MD—With a shareholder vote scheduled in a few weeks on a merger deal with rival Blackstone, Pebblebrook Hotel Trust has once again enhanced its merger offer for LaSalle Hotel Properties.

Pebblebrook’s latest merger offer came in the form of a letter to the LaSalle Board of Trustees dated Aug. 21. Pebblebrook says that the enhanced offer that increases the cash component of the deal would remain in place if LaSalle shareholders reject Blackstone’s offer to take the hotel REIT private in a deal valued at $33.50 a share or approximately $4.8 billion. LaSalle shareholders are scheduled to vote on the Blackstone merger proposal on Sept. 6.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.