Blackstone to get $112M breakup fee as LaSalle opts for Pebblebrook’s bid Pebblebrook, on behalf of LaSalle Hotel Properties, will likely be handing $112 million over to the Blackstone Group after LaSalle rejected Blackstone’s $4.8 billion dollar bid to acquire the firm. LaSalle Hotel Properties on Wednesday officially announced it would be choosing Pebblebrook’s offer. LaSalle is required to pay the breakup fee for choosing not to go with Blackstone after all, but Pebblebrook previously […]
source https://therealdeal.com/2018/09/06/national-cheat-sheet-lasalle-calls-off-the-deal-with-blackstone-more/
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