BETHESDA, MD—LaSalle Hotel Properties has solda total of 8,740,000 common shares afterunderwriters of a recent public offering opted to purchase anadditional 1,140,000 common shares. TheREIT sold 7.6-million shares in a public offeringearlier this month.
Barclays, Deutsche Bank Securities andMorgan Stanley were the underwriters for theoffering.
The original announcement about the offering included a heads upfrom LaSalle that it planned to acquire three hotels in LosAngeles, Portland, OR, and San Francisco for an aggregate purchaseprice of $500 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
