/Tag: lasalle


LaSalle Hotel Properties Board of Trustees Confirms Unanimous Rejection of Unsolicited Proposal from Pebblebrook Hotel Trust

LaSalle Hotel Properties | March 28, 2018

Grossly Inadequate Proposal Significantly Undervalues LaSalle and is Not in the Best Interests of Shareholders LaSalle Reiterates Confidence in its Ability to Deliver Exceptional Value to Shareholders Emphasizes Commitment to Previously Announced Share Repurchase Program Announces Dividend Policy for 2018 BETHESDA, Md. - March 28, 2018 - LaSalle Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") today confirmed that its Board of Trustees (the "Board") unanimously rejected an unsolicited proposal received on March 6, 2018 from Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") to acquire all outstanding shares of LaSalle in...

Pebblebrook Hotel Trust Releases Letters to LaSalle Hotel Properties Proposing Merger

Pebblebrook Hotel Trust | March 28, 2018

BETHESDA, Md. - March 28, 2018 - Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") today released two letters, dated March 6, 2018 and March 20, 2018, to LaSalle Hotel Properties (NYSE: LHO) ("LaSalle") in which Pebblebrook proposed a share-for-share merger. The proposal represented an implied merger price of $30.001 per LaSalle common share, representing a premium of 18.0% to LaSalle's trailing 10-day VWAP as of March 5, 2018, based on the proposed fixed exchange ratio of 0.8655 Pebblebrook common shares for each LaSalle common share. As of the close on March 27, 2018, the implied merger price was $29.952 per LaSalle common share...

LaSalle Hotel Properties Appoints Kenneth G. Fuller Chief Financial Officer

LaSalle Hotel Properties | April 4, 2016

BETHESDA, Md.- Apr. 4, 2016 - LaSalle Hotel Properties (NYSE:LHO) today announced the appointment of Kenneth G. Fuller as Executive Vice President, Chief Financial Officer, Secretary, and Treasurer, effective April 25, 2016. Mr. Fuller succeeds Bruce A. Riggins, who will leave the company to pursue other opportunities. Mr. Riggins will continue to serve as the Company's Chief Financial Officer for the transitional period. Michael D. Barnello, President and Chief Executive Officer of the Company, stated, "We are excited about Ken's return to LaSalle as CFO. He brings demonstrated competence to the CFO role and a long history with LaSalle...

LaSalle Hotel Properties Acquires Two San Francisco Hotels for Total Purchase Price of $47.8 Million

LaSalle Hotel Properties | August 2, 2013

BETHESDA, Md.- August 02, 2013 - LaSalle Hotel Properties (NYSE: LHO) today announced that it acquired the Harbor Court Hotel and Hotel Triton, both located in San Francisco, CA for $47.8 million. The Company funded the transaction with borrowings from its Senior Unsecured Credit Facility. Harbor Court Hotel The 131-room, Harbor Court Hotel is located at 165 Steuart Street in San Francisco's financial district on the Embarcadero and offers stunning views of the San Francisco Bay. The hotel is proximate to many downtown attractions including the Ferry Building, Embarcadero Center, AT&T Park and the Moscone Convention Center. The pro...

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