Blackstone Group isn’t budging on its $3.7 billion bid for LaSalle Hotel Properties, prompting the real estate investment trust to consider another offer. Maryland-based Pebblebrook Hotel Trust, which has long sought to buy the luxury hotel company, made a bid last week that LaSalle’s board unanimously agreed may lead to a superior proposal, Bloomberg reported. LaSalle agreed in June to be bought by Blackstone for $33.50 a share. If the deal falls through, Blackstone will […]
source https://therealdeal.com/2018/08/27/lasalle-mulls-other-offer-as-blackstone-refuses-to-up-3-7b-bid/
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