September 6, 2018 / 1:37 PM / 14 days ago

Pebblebrook to buy LaSalle Hotel in $5.2 billion deal

(Reuters) - U.S. hotel owner Pebblebrook Hotel Trust said it agreed to buy LaSalle Hotel Properties in a $5.2 billion cash-and-stock deal, a day after ditching a $4.8 billion all-cash offer from private equity firm Blackstone Group LP.

Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel

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