June 11, 2018 / 12:15 PM / 14 days ago

Pebblebrook raises offer to buy LaSalle Hotel

June 11 (Reuters) - Pebblebrook Hotel Trust said on Monday it raised its offer to acquire fellow U.S. hotel owner LaSalle Hotel Properties to $37.80 per share, trumping a $33.50 per share offer from Blackstone Group LP.

In May, Lasalle decided to sell itself to private equity firm Blackstone for $3.7 billion in cash, rejecting a cash-and-stock offer from Pebblebrook. (Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D’Silva)

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