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LaSalle Hotel Properties (LHO.N)

LHO.N on New York Stock Exchange

32.17USD
16 Oct 2018
Change (% chg)

$0.38 (+1.20%)
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$31.79
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$31.60
Volume
557,225
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351,341
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$35.93
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$24.22

Latest Key Developments (Source: Significant Developments)

Pebblebrook Hotel Trust And Lasalle Hotel Properties Say Merger Expected To Close Nov. 30
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST AND LASALLE HOTEL PROPERTIES PROVIDE UPDATE ON PROGRESS TOWARDS STRATEGIC COMBINATION.PEBBLEBROOK HOTEL TRUST - CO, LASALLE HOTEL PROPERTIES ANNOUNCED THAT PENDING MERGER TRANSACTION IS ON SCHEDULE FOR A PLANNED CLOSING DATE OF NOV. 30.PEBBLEBROOK HOTEL TRUST - CO, LASALLE WILL EACH HOLD A SPECIAL MEETING OF ITS SHAREHOLDERS ON NOV. 27 TO APPROVE CO'S PROPOSED ACQUISITION OF LASALLE.  Full Article

Pebblebrook Hotel Trust Says 3 Of Lasalle's Hotel Properties Are Under Contract To Be Sold
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - LaSalle Hotel Properties ::PEBBLEBROOK HOTEL TRUST SAYS 3 OF LASALLE'S HOTEL PROPERTIES ARE UNDER CONTRACT TO BE SOLD REGARDING COMPLETION OF LASALLE MERGER FOR $715 MILLION - SEC FILING.  Full Article

Pebblebrook Hotel Trust Comments On Determination By Board Of Lasalle Hotel Properties That Pebblebrook'S Offer Is A "Superior Proposal'
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST COMMENTS ON DETERMINATION BY BOARD OF LASALLE HOTEL PROPERTIES THAT PEBBLEBROOK'S OFFER IS A "SUPERIOR PROPOSAL".PEBBLEBROOK HOTEL TRUST - LOOKS FORWARD TO FURTHER ENGAGEMENT WITH LASALLE TO EXECUTE MERGER AGREEMENT.  Full Article

Pebblebrook Hotel Trust Increases Terms Of Offer To Merge With Lasalle Hotel Properties
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Pebblebrook Hotel Trust ::PRESS RELEASE - PEBBLEBROOK HOTEL TRUST INCREASES TERMS OF OFFER TO MERGE WITH LASALLE HOTEL PROPERTIES.PEBBLEBROOK HOTEL TRUST - INCREASES NUMBER OF LASALLE COMMON SHARES THAT CAN RECEIVE CASH TO 30% OF OUTSTANDING.PEBBLEBROOK HOTEL TRUST - ENHANCED PEBBLEBROOK OFFER WILL REMAIN OUTSTANDING ASSUMING BLACKSTONE PROPOSAL IS VOTED DOWN BY LASALLE SHAREHOLDERS.PEBBLEBROOK HOTEL TRUST - INCREASED NUMBER OF LASALLE SHARES THAT MAY GET $37.80 IN CASH PER SHARE TO UP TO 30% OF LASALLE COMMON SHARES IN AGGREGATE.PEBBLEBROOK HOTEL TRUST - PEBBLEBROOK PROPOSAL TAKES INTO ACCOUNT $112 MILLION COST OF TERMINATION FEE LASALLE AGREED TO PAY TO BLACKSTONE.PEBBLEBROOK HOTEL TRUST - ENHANCED PROPOSAL WAS UNANIMOUSLY APPROVED BY PEBBLEBROOK'S BOARD OF TRUSTEES.PEBBLEBROOK HOTEL TRUST - PROPOSAL IS NOT CONTINGENT ON CERTAIN LASALLE PROPERTY SALES.PEBBLEBROOK HOTEL TRUST - PREPARED TO MOVE FORWARD IMMEDIATELY UPON ACCEPTANCE OF PROPOSAL BY LASALLE'S BOARD.PEBBLEBROOK - IMPLIED TOTAL PRICE OF INCREASED PEBBLEBROOK OFFER IS $36.57 PER SHARE.  Full Article

Pebblebrook Hotel Trust Files Proxy Statement In Order To Urge Lasalle Hotel Properties Shareholders To Vote "Against" Proposed BRE Merger
Tuesday, 10 Jul 2018 

July 10 (Reuters) - LaSalle Hotel Properties ::PEBBLEBROOK HOTEL TRUST FILES PROXY STATEMENT IN ORDER TO URGE LASALLE HOTEL PROPERTIES SHAREHOLDERS TO VOTE “AGAINST” PROPOSED BRE MERGER - SEC FILING.PEBBLEBROOK HOTEL TRUST SAYS ALSO URGE LASALLE HOTEL PROPERTIES SHAREHOLDERS TO VOTE “AGAINST” PROPOSAL TO APPROVE ANY ADJOURNMENT OF SPECIAL MEETING.  Full Article

Pebblebrook Says Co's Offer "Substantially Superior" To Lasalle's Deal With Blackstone
Monday, 21 May 2018 

May 21 (Reuters) - Pebblebrook Hotel Trust : :PEBBLEBROOK HOTEL TRUST ISSUES STATEMENT IN RESPONSE TO LASALLE HOTEL PROPERTIES’ ANNOUNCEMENT OF MERGER AGREEMENT WITH BLACKSTONE.PEBBLEBROOK HOTEL TRUST - CO'S OFFER IS "SUBSTANTIALLY SUPERIOR" TO DEAL THAT LASALLE HAS REACHED WITH BLACKSTONE.  Full Article

Lasalle Hotel Properties Reports Q1 Adjusted FFO Per Share Of $0.33
Thursday, 10 May 2018 

May 10 (Reuters) - LaSalle Hotel Properties ::REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED FFO PER SHARE $0.33.INCREASES FULL YEAR 2018 OUTLOOK.SEES FY 2018 ADJUSTED FFO PER DILUTED SHARE IN RANGE OF $2.16 TO $2.19.SEES FY 2018 REVPAR CHANGE IN RANGE OF NEGATIVE 0.5 % TO NEGATIVE 1%.  Full Article

Lasalle Hotel Properties Issues Statement In Response To Pebblebrook Hotel Trust's Revised Unsolicited Proposal
Tuesday, 24 Apr 2018 

April 24 (Reuters) - LaSalle Hotel Properties ::LASALLE HOTEL PROPERTIES ISSUES STATEMENT IN RESPONSE TO PEBBLEBROOK HOTEL TRUST'S REVISED UNSOLICITED PROPOSAL.LASALLE HOTEL PROPERTIES - CONFIRMED THAT ON APRIL 20 RECEIVED FROM PEBBLEBROOK HOTEL TRUST FURTHER REVISED UNSOLICITED PROPOSAL TO ACQUIRE CO.  Full Article

Pebblebrook Letter To Lasalle Hotel Revises Merger Proposal
Monday, 16 Apr 2018 

April 16 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST RELEASES LETTER TO BOARD OF LASALLE HOTEL PROPERTIES, REVISES MERGER PROPOSAL AND SUBSTANTIALLY RAISES OFFER PRICE.PEBBLEBROOK HOTEL TRUST - REVISED PROPOSAL FOR 100% OF LASALLE'S OUTSTANDING COMMON SHARES IMPLIES A MERGER PRICE OF $31.75 PER LASALLE COMMON SHARE.PEBBLEBROOK HOTEL TRUST - IMPLIED PRICE OF $31.75 PER SHARE BASED ON INCREASED FIXED EXCHANGE RATIO OF 0.8944 PEBBLEBROOK SHARE FOR EACH LASALLE SHARE.PEBBLEBROOK HOTEL TRUST - "DISAPPOINTED" THAT LASALLE HAS NOT RESPONDED TO REVISED PROPOSAL.PEBBLEBROOK HOTEL TRUST - REVISED PROPOSAL ALSO PROVIDES LASALLE'S SHAREHOLDERS WITH OPTION TO ELECT TO GET CASH UP TO MAXIMUM OF 15%.  Full Article

LaSalle Hotel Properties Rejects Unsolicited Proposal From Pebblebrook Hotel Trust
Wednesday, 28 Mar 2018 

March 28 (Reuters) - LaSalle Hotel Properties ::LASALLE HOTEL PROPERTIES BOARD OF TRUSTEES CONFIRMS UNANIMOUS REJECTION OF UNSOLICITED PROPOSAL FROM PEBBLEBROOK HOTEL TRUST.LASALLE HOTEL PROPERTIES SAYS PROPOSAL FROM PEBBLEBROOK HOTEL TRUST "SIGNIFICANTLY UNDERVALUES LASALLE AND IS NOT IN THE BEST INTERESTS OF SHAREHOLDERS".LASALLE HOTEL PROPERTIES - EXPECTS TO PAY QTRLY DIVIDEND OF $0.225/COMMON SHARE FOR EACH OF QTRS ENDING JUNE 30, SEPTEMBER 30 AND DECEMBER 31, 2018.  Full Article

UPDATE 1-Hedge fund HG Vora builds Caesars stake, to push for divestiture or sale -sources

Sept 12 Hedge fund HG Vora Capital Management LLC has built a 4.9 percent stake in U.S. casino operator Caesars Entertainment Corp, seeking to persuade it to explore options that could include divestitures or an outright sale of the company, people familiar with the matter said on Wednesday.