May 21, 2018 / 12:13 PM / in a month

BRIEF-LaSalle Hotel To Be Acquired By Blackstone For $4.8 Bln

May 21 (Reuters) - LaSalle Hotel Properties:

* LASALLE HOTEL PROPERTIES TO BE ACQUIRED BY BLACKSTONE FOR $33.50 PER SHARE IN $4.8 BILLION TRANSACTION

* LASALLE HOTEL PROPERTIES - EXPECTS TO PAY QUARTERLY DIVIDEND OF $0.225 PER SHARE OF BENEFICIAL INTEREST FOR QUARTER ENDING JUNE 30

* LASALLE HOTEL PROPERTIES - TRANSACTION IS NOT CONTINGENT ON RECEIPT OF FINANCING

* LASALLE HOTEL PROPERTIES - AS PART OF BOARD’S REVIEW, CO AND ITS ADVISORS CONTACTED 20 POTENTIAL BUYERS

* LASALLE HOTEL PROPERTIES - 10 POTENTIAL BUYERS EXECUTED CONFIDENTIALITY AGREEMENTS, GOT NON-PUBLIC INFORMATION, & ENGAGED IN NEGOTIATIONS

* LASALLE HOTEL PROPERTIES - ALL-CASH TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY LASALLE’S BOARD OF TRUSTEES Source text for Eikon: Further company coverage:

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