Hotel Industry Development News Page 2

Blackstone Buys LaSalle Hotel Properties for $4.8 Billion
May, 22 2018
LaSalle Hotel Properties (NYSE:LHO) yesterday announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which Blackstone will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion. continue reading →