LaSalle Hotel Properties

Blackstone, Brookfield, Starwood all reportedly interested in buying LaSalle Hotel Properties The news comes as the REIT weighs Pebblebrook’s $3.6B takeover offer

Park Central in NY, owned by LaSalle

LaSalle Hotel Properties is reviewing a $3.6 billion takeover offer from Pebblebrook Hotel Trust, but there’s some big name prospective buyers champing at the bit for a shot at the investment trust.

The list of suitors include Blackstone Group, Starwood Capital Group, Brookfield Property Partn上海贵族宝贝论坛

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ers, Park Hotels Resorts Inc., and Sunstone Hotel Investors Inc., according to Bloomberg. They have or are in talks to sign nondisclosure agreements for access to a trove of LaSalle documents outlining financials and other crucial data.

The Bethesda, Maryland-based REIT owns 41 hotels around the country includi爱上海同城手机版

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ng four in New York, six in Los Angeles, and nine in the nation’s capital. The trust is valued at around $3.4 billion.

Pebblebrook, also based in Bethesda, submitted a revised offer o上海龙凤论坛sh1f

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n Monday 阿拉爱上海同城

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that included a cash component and is around 6 percent higher than a previous all-stock offer that LaSalle rejected in late March, Bloomberg reported. The revised offer penciled out to around $31.75 per share.

Pebblebrook is active in many of the same markets as LaSalle and owns roughly the same number of assets, but is valued at around $2.4 billion. [Bloomberg] — Dennis Lynch 

Tags: Blackstone, Comm爱上海同城对对碰

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ercial Real Estate, LaSalle Hotel Properties, Pebblebrook
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