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NEW YORK CITY-In its latest major acquisition, Bethesda, MD-based REIT LaSalle Hotel Properties signed a purchase and sale agreement for the 934-room Park Central Hotel in Midtown for $405.5 million, making it the third Manhattan property in the company’s portfolio. The deal, expected to close toward the end of third quarter of this year, is subject to a due diligence review as well as customary closing requirements and conditions, LaSalle’s CEO Michael Barnello tells GlobeSt.com.

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