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

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

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

n Monday 阿拉爱上海同城

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

ercial Real Estate, LaSalle Hotel Properties, Pebblebrook
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