Blackstone to buy LaSalle Hotel for $3.7 billion

May 21, 2018 admin Business News Comments Off on Blackstone to buy LaSalle Hotel for $3.7 billion

(Reuters) – Private equity firm Blackstone Group LP said on Monday it would buy U.S. hotel owner LaSalle Hotel Properties for $3.7 billion, topping a rival bid from Pebblebrook Hotel Trust in April for $3.5 billion.

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Source:: Reuters – Business News