Hotel Properties Newswire

Hotel Properties Newswire

Comprehensive Real-Time News Feed for Hotel Properties.

Results 1 - 20 of 3,708 in Hotel Properties

  1. Is There Really a Peer-to-Peer Market for Yachts?Read the original story w/Photo

    9 hrs ago | Skift

    ... Blackstone say it was exiting Hilton completely than it emerges three days later with a bid for LaSalle Hotel Properties. Maybe the $14 billion it made on Hilton has something to do with being keen to get back into hotels. Langham Hospitality Group ...

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  2. LaSalle Hotel Properties Rises 5% on Blackstone TakeoverRead the original story w/Photo

    15 hrs ago | GuruFocus.com

    Real estate investment trusts started the week of May 21 off strong, with LaSalle Hotel Properties leading the way with a 5.33% gain. The REIT is the owner of 41 hotels in the United States that span 11 key markets.

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  3. LaSalle Hotel Properties To Be Acquired By Blackstone For $33.50 Per...Read the original story

    16 hrs ago | Hotel Interactive

    LaSalle Hotel Properties 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 , represents a premium of approximately 35 percent over LaSalle's unaffected share price of $24.84 as of March 27, 2018, the day before the public announcement of a proposal to acquire the Company in an all-stock transaction.

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  4. Press release distribution, EDGAR filing, XBRL, regulatory filingsRead the original story w/Photo

    19 hrs ago | Business Wire

    ... Navy's Space and Naval ... Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of LaSalle Hotel Properties, Inc. (LHO) on Behalf of Stockholders and Encourages Investors to Contact the Firm )--Bragar Eagel & Squire is Investigating ...

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  5. Mackay Shields LLC Purchases New Position in LaSalle Hotel PropertiesRead the original story w/Photo

    23 hrs ago | AmericanBankingNews.com

    Mackay Shields LLC purchased a new position in shares of LaSalle Hotel Properties in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,225 shares of the real estate investment trust's stock, valued at approximately $1,399,000.

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  6. Deals of the day-Mergers and acquisitionsRead the original story w/Photo

    Yesterday | Reuters

    ... billion to help establish itself as a leading bank in the Middle East, North Africa and Turkey. ** LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer ...

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  7. American International Group Inc. Has $8.61 Million Stake in LaSalle Hotel PropertiesRead the original story w/Photo

    Yesterday | AmericanBankingNews.com

    American International Group Inc. decreased its holdings in shares of LaSalle Hotel Properties by 3.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 296,923 shares of the real estate investment trust's stock after selling 11,677 shares during the quarter.

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  8. LaSalle Hotel Properties (LHO) Reaches New 1-Year High and Low at $34.00Read the original story w/Photo

    Yesterday | IntersportsWire

    Shares of LaSalle Hotel Properties reached a new 52-week high and low on Monday . The stock traded as low as $34.00 and last traded at $33.70, with a volume of 1286394 shares.

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  9. Lasalle Hotel Properties Shareholder Alert: Rigrodsky & Long, P.a. Announces Investigation of BuyoutRead the original story w/Photo

    Monday | Business Wire

    Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of LaSalle Hotel Properties regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by affiliates of Blackstone Real Estate Partners VIII in a transaction valued at approximately $4.8 billion. Under the terms of the agreement, shareholders of LaSalle will receive $33.50 in cash for each share of LaSalle common stock.

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  10. Stocks jump as US and China announce progress in trade talksRead the original story w/Photo

    Monday | WDUN-AM Gainesville

    ... Fifth Third tumbled 7.9 percent to $30.92. GET A ROOM: Investment manager Blackstone agreed to buy LaSalle Hotel Properties for $33.50 a share, or $3.7 billion in cash. LaSalle jumped 5.6 percent to $33.69 while Blackstone rose along with other ...

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  11. BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel PropertiesRead the original story w/Photo

    Monday | Benzinga

    LaSalle Hotel Properties announced it has accepted a $3.7-billion all-cash acquisition offer from Blackstone Group LP , spurning a previous offer from Pebblebrook Hotel Trust . The Blackstone deal amounts to a $33.50-per-share offer, lower than Pebblebrook's offer that valued the company at $35.44.

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  12. General Electric Co (GE) Shares Declined While Stearns Financial...Read the original story w/Photo

    Monday | Hill Country Times

    ... 1, 2018, Benzinga.com published: "BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties"

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  13. Hope for US-China trade progress sends stocks jumpingRead the original story w/Photo

    Monday | Walker County Messenger

    ... Fifth Third tumbled 8 percent to $30.88. GET A ROOM: Investment manager Blackstone agreed to buy LaSalle Hotel Properties for $33.50 a share, or $3.7 billion in cash. LaSalle jumped 5.6 percent to $33.70 while Blackstone rose along with other ...

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  14. LaSalle Hotel Properties (LHO) Shares Sold by Zurcher Kantonalbank Zurich CantonalbankRead the original story w/Photo

    Monday | IntersportsWire

    Zurcher Kantonalbank Zurich Cantonalbank cut its stake in LaSalle Hotel Properties by 47.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,475 shares of the real estate investment trust's stock after selling 9,476 shares during the period.

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  15. LaSalle Hotel Properties (LHO) Upgraded to "Equal Weight" by BarclaysRead the original story w/Photo

    Monday | AmericanBankingNews.com

    A number of other equities analysts have also recently issued reports on LHO. BTIG Research raised LaSalle Hotel Properties from a "neutral" rating to a "buy" rating in a report on Friday.

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  16. After Hilton success, Blackstone makes $4.8B bid to buy LaSalle Hotel PropertiesRead the original story w/Photo

    Monday | The Real Deal

    Blackstone Group outmaneuvered Pebblebrook Hotel Trust to buy luxury hotel owner LaSalle Hotel Properties with an all-cash bid of $4.8 billion, including debt. The agreement comes just three days after Blackstone sold its remaining shares in Hilton Hotels, making its investment in the company most profitable leveraged buyout in history at $14 billion.

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  17. Macerich: Takeover Target?Read the original story w/Photo

    Monday | Seeking Alpha

    ... Gramercy Property Trust ( GPT ) and is also locked in a bidding war with Pebblebrook ( PEB ) for LaSalle Hotel Properties ( LHO ). The motivations of the potential buyers is clear, when a public company is trading low enough, acquiring a whole ...

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  18. Four things to watch in the LaSalle, Blackstone, Pebblebrook love triangleRead the original story

    Monday | Business Journal

    The private equity giant's deal to buy LaSalle Hotel Properties will have many watching the transaction for insight into the lodging REIT space.

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  19. Blackstone to buy LaSalle Hotel in $4.8B dealRead the original story w/Photo

    Monday | Finance and Commerce

    Blackstone Group LP agreed to acquire luxury hotel owner LaSalle Hotel Properties in an all-cash transaction that values LaSalle at $33.50 a share, or $4.8 billion including debt, the companies said in a statement Monday. The deal follows Blackstone's announcement on Friday that it will sell the last of its Hilton Worldwide Holdings Inc. shares.

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  20. GE to Merge Engine Unit with Wabtec, Fifth Third Buys MB FinancialRead the original story

    Monday | Ticker

    ... $31.39 after the asset manager and financial services provider agreed to acquire luxury hotel owner LaSalle Hotel Properties for about $4.8 billion, higher price than $3.5 billion offered by its rival Pebblebrook Hotel Trust in April. LaSalle Hotel ...

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