blackstone real estate partners viii
LaSalle Hotel Properties Board of Trustees Reaffirms Support for Blackstone Transaction
LaSalle Hotel Properties | June 18, 2018
BETHESDA, Md.--Jun. 18, 2018 -- LaSalle Hotel Properties (NYSE:LHO) ("LaSalle" or the "Company") today announced that its Board of Trustees (the "Board") has determined that the proposal from Pebblebrook Hotel Trust (NYSE:PEB) ("Pebblebrook") received on June 11, 2018 to acquire the Company (the "Pebblebrook Proposal") does not constitute, and could not reasonably be expected to lead to, a "Superior Proposal" as defined in LaSalle's definitive agreement with affiliates of Blackstone Real Estate Partners VIII (the "Blackstone Merger Agreement"). Under the terms of the Blackstone Merger Agreement, which the Company entered into on May 20,...
LaSalle Hotel Properties to Be Acquired by Blackstone for $33.50 per Share in $4.8 Billion Transaction
LaSalle Hotel Properties | May 21, 2018
BETHESDA, Md., May 21, 2018 – LaSalle Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") today announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which Blackstone, a leading global asset manager, will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion. The transaction, which has been unanimously approved by LaSalle's Board of Trustees (the "Board"), represents a premium of approximately 35 percent over LaSalle's unaffected share price of $24.84 as of March ...
