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LaSalle Hotel Properties (LHO.N)

LHO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

LaSalle Hotel To Be Acquired By Blackstone For $4.8 Bln
Monday, 21 May 2018 08:00am EDT 

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.  Full Article

Pebblebrook Hotel Trust Releases Letters To Lasalle Hotel Properties Proposing Merger
Wednesday, 28 Mar 2018 08:30am EDT 

March 28 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST RELEASES LETTERS TO LASALLE HOTEL PROPERTIES PROPOSING MERGER.PEBBLEBROOK HOTEL TRUST - ‍PROPOSAL REPRESENTED AN IMPLIED MERGER PRICE OF $30.001 PER LASALLE COMMON SHARE​.PEBBLEBROOK HOTEL TRUST - RELEASED 2 LETTERS, DATED MARCH 6, & MARCH 20, 2018, TO LASALLE HOTEL PROPERTIES IN WHICH CO PROPOSED SHARE-FOR-SHARE MERGER.PEBBLEBROOK HOTEL TRUST - ‍PEBBLEBROOK IS PREPARED TO ENGAGE IN DISCUSSIONS AROUND PRICE AND MIX OF CONSIDERATION AS WARRANTED BY "DUE DILIGENCE"​.PEBBLEBROOK HOTEL TRUST - AS OF CLOSE ON MARCH 27, 2018, IMPLIED MERGER PRICE WAS $29.95 PER LASALLE COMMON SHARE.PEBBLEBROOK HOTEL TRUST - DEAL ‍COMBINATION WILL BE STRUCTURED AS A TAX-FREE, 100% EQUITY EXCHANGE​.PEBBLEBROOK HOTEL TRUST - ‍PEBBLEBROOK WILL ISSUE NEW SHARES TO LASALLE'S SHAREHOLDERS AND REMAIN AS SURVIVING ULTIMATE PARENT ENTITY​.  Full Article

Lasalle Hotel Properties Q3 adjusted FFO per share $0.68
Thursday, 19 Oct 2017 04:15pm EDT 

Oct 19 (Reuters) - Lasalle Hotel Properties ::Lasalle Hotel Properties reports third quarter 2017 results.Q3 adjusted FFO per share $0.68.Lasalle Hotel Properties - qtrly FFO per share ‍$0.66​.Lasalle Hotel Properties qtrly ‍revpar decreased 3.6% to $219.38, driven by 3.6 pct decline in average daily rate to $243.31 & flat occupancy at 90.2 pct​.Q3 FFO per share view $0.73 -- Thomson Reuters I/B/E/S.Lasalle Hotel Properties - ‍expects marker waterfront resort will resume full operations by end of october 2017​.Lasalle Hotel Properties - ‍southernmost beach resort key west expected to fully re-open its remaining rooms in phases throughout q4​.  Full Article

LASALLE HOTEL PROPERTIES PROVIDES UPDATE ABOUT KEY WEST RESORTS
Friday, 6 Oct 2017 10:50am EDT 

Oct 6 (Reuters) - Lasalle Hotel Properties ::LASALLE HOTEL PROPERTIES PROVIDES UPDATE ABOUT ITS KEY WEST RESORTS.‍COMPANY EXPECTS BOTH RESORTS WILL RESUME FULL OPERATIONS BY END OF OCTOBER 2017​.  Full Article

Lasalle Hotel properties provides Hurricane Irma impact update
Monday, 11 Sep 2017 08:20pm EDT 

Sept 12 (Reuters) - Lasalle Hotel Properties :Lasalle Hotel Properties provides Hurricane Irma impact update.Company maintains property, flood, fire, and business interruption insurance at its two resorts in Key West.Lasalle Hotel Properties - Unable to provide any further updates at the time regarding properties' physical condition and corresponding financial impact.  Full Article

Lasalle Hotel Properties posts Q2 adjusted FFO $0.81 per shr
Wednesday, 19 Jul 2017 04:15pm EDT 

July 19 (Reuters) - Lasalle Hotel Properties :Lasalle hotel properties reports second quarter 2017 results.Q2 adjusted FFO per share $0.81.Lasalle hotel properties - company's q2 revpar decreased 1.6% to $227.31,.Qtrly total revenue $307 million versus $ 351.1 million.  Full Article

LaSalle Hotel Properties Q1 FFO per diluted share/unit $0.43
Wednesday, 19 Apr 2017 04:15pm EDT 

April 19 (Reuters) - LaSalle Hotel Properties -:LaSalle Hotel Properties reports first quarter 2017 results.Qtrly revpar $177.56 versus $175.03.Qtrly total revenues $254.4 million versus $260.1 million.Qtrly ffo per diluted share/unit $0.43.Qtrly affo per diluted share/unit $0.45.Q1 FFO per share view $0.44 -- Thomson Reuters I/B/E/S.Q1 revenue view $255.0 million -- Thomson Reuters I/B/E/S.  Full Article

LaSalle Hotel Properties Q4 adjusted FFO per share/unit $0.62
Wednesday, 22 Feb 2017 04:15pm EST 

LaSalle Hotel Properties : LaSalle Hotel Properties reports fourth quarter 2016 results . Qtrly RevPAR $193.10 versus $188.34 . Qtrly adjusted FFO per share/unit $0.62 . Qtrly FFO per share/unit $0.61 . Q4 FFO per share view $0.62 -- Thomson Reuters I/B/E/S .During 2017, company anticipates investing between $130.0 million and $170.0 million of capital in its hotels.  Full Article

Lasalle Hotel Properties refinances $750 mln revolver and $300 mln term loan
Tuesday, 10 Jan 2017 04:15pm EST 

Lasalle Hotel Properties - : Lasalle Hotel Properties refinances $750 million revolver and $300 million term loan . Says it has refinanced $1.05 billion of debt, reducing interest cost on its $750.0 million revolver and $300.0 million five-year term loan . Says revolver and term loan allow company to request additional lender commitments, allowing for total commitments up to $1.25 billion . Says interest rate for new revolver is based on a pricing grid with a range of 150 to 225 basis points over libor .Says Lasalle Hotel Lessee Inc, company's taxable REIT subsidiary refinanced its $25.0 million revolver.  Full Article

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LaSalle Hotel backs Blackstone bid, says Pebblebrook offer not superior

U.S. hotel owner LaSalle Hotel Properties on Monday sided with Blackstone Group LP's  $3.7 billion all-cash offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust's  takeover bid.