The recent bidding war for LaSalle Hotel Properties has played out like a high-stakes poker match. The price tag for the real estate investment trust — which owns 41 U.S. hotels — shot up nearly $2 billion in just 12 weeks. Pebblebrook Hotel Trust made an unsolicited offer for the rival company in late March, valuing it at roughly $3 billion. But as other potential buyers jumped into the fray, Pebblebrook increased its bid four […]
source https://therealdeal.com/issues_articles/merger-mania/#new_tab
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