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KM Financial Solutions | UPDATE 2-LaSalle Hotel accepts Blackstone’s $3.7 bln cash offer
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UPDATE 2-LaSalle Hotel accepts Blackstone’s $3.7 bln cash offer

20 May UPDATE 2-LaSalle Hotel accepts Blackstone’s $3.7 bln cash offer

Posted at 14:38h in News by
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May 21 (Reuters) – 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 from
rival Pebblebrook Hotel Trust.

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