Pebblebrook Hotel Trust
Pebblebrook Raises $1.8B for LaSalle Merger
Earlier in the year, LaSalle Hotel Properties had said yes to an all-cash offer from Blackstone, but the company later terminated the agreement in favor of the Pebblebrook bid.
Blackstone to Acquire LaSalle Hotel Properties for $4.8B
The deal, expected to close in the third quarter, includes 41 properties totaling more than 10,000 guest rooms in 11 markets.
Boston Hotel Parking, Vacant Ground Floor Sell for $95M
Pebblebrook will use the proceeds for general business purposes, including reducing the company’s outstanding debt or repurchasing common shares.
San Fran Wharf Hotel Undergoes $16M Renovation
The 221-key luxury boutique Hotel Zoe is scheduled to reopen this summer.
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