$LHO News

Last published 11mo ago

11mo agoHPP PEB LHOHudson Pacific Appoints Jon Bortz to Board of DirectorsBusiness WireHudson Pacific Properties, Inc. (NYSE:HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the election of Jon Bortz to the company's Board of Directors, and the
11mo agoSHO LHOSUNSTONE HOTEL INVESTORS ANNOUNCES EXPANSION OF BOARD OF DIRECTORSPR NewswireSunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced the appointment of Michael Barnello to the Company's Board...
7y agoLHOLaSalle Hotel Properties Completes Merger with Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced the completion of its previously announced merger with Pebblebrook Hotel Trust (“Pebblebrook”).
7y agoLHO PEBLaSalle Shareholders Approve Merger with PebblebrookBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced that its shareholders voted to approve its previously announced merger with Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”).
7y agoLHO PEBLeading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Lasalle Shareholders Vote “For” the Pending Merger with PebblebrookBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced that leading independent proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”) have recommended LaSalle shareholders vote “FOR” the pending merger with Pebblebrook Hotel Trust (NYSE: PEB).
8y agoLHOLaSalle Hotel Properties Reports Third Quarter 2018 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced results for the quarter ended September 30, 2018. The Company’s results are summarized below.
8y agoLHO PEBLaSalle Hotel Properties Issues FAQ in Connection with Pending Merger Transaction with Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today has posted the following list of Frequently Asked Questions (“FAQs”) to the investor relations section of the Company’s website, https://ir.lasallehotels.com/, regarding how LaSalle shareholders can elect to receive cash consideration or common share consideration in connection with the pending ...
8y agoLHOLaSalle Hotel Properties Reports Preliminary Third Quarter 2018 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced preliminary results for the third quarter ended September 30, 2018, including net (loss) income, room revenue per available room (“RevPAR”), adjusted EBITDAre and adjusted FFO attributable to common shareholders and unitholders per diluted share/unit. The Company’s preliminary results ...
8y agoPEB LHOPebblebrook Hotel Trust and LaSalle Hotel Properties Provide Update on Progress Towards Strategic CombinationBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) and LaSalle Hotel Properties (NYSE: LHO) (“LaSalle”) announced today that their pending merger transaction is on schedule for a planned closing date of November 30, 2018. Pebblebrook and LaSalle will each hold a special meeting of its shareholders on November 27, 2018 to approve Pebblebrook’s proposed acquisition o ...
8y agoLHO PEBLaSalle Hotel Properties to Report Third Quarter 2018 Results on November 1, 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced it will report financial results for the third quarter 2018 on Thursday, November 1, 2018 after the market closes. Given the pending merger transaction with Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”), LaSalle will not host an investor conference call this quarter.
8y agoPEB LHOPebblebrook Hotel Trust Files Registration Statement on Form S-4 with Preliminary Joint Proxy Statement/Prospectus in Connection with Proposed Merger with LaSalle Hotel PropertiesBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) and LaSalle Hotel Properties (NYSE: LHO) (“LaSalle”) announced today that Pebblebrook has filed a preliminary joint proxy statement/prospectus as part of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (“SEC”) in connection with Pebblebrook’s proposed merger with LaSalle.
8y agoPEB LHOPebblebrook Hotel Trust and LaSalle Hotel Properties to Host Investor Call to Discuss Strategic CombinationBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE:PEB) (“Pebblebrook”) and LaSalle Hotel Properties (NYSE:LHO) (“LaSalle”) will host an investor call today, Thursday, September 13, 2018 at 9:00 a.m. ET., to discuss the pending strategic combination of Pebblebrook and LaSalle, which was announced on September 6, 2018. Under the terms of the merger agreement, Pebblebrook will acquire 100 ...
8y agoPEB LHO BXPebblebrook Hotel Trust and LaSalle Hotel Properties Announce Agreement for Strategic Combination to Create Premier, Best-In-Class Lodging REITBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) and LaSalle Hotel Properties (NYSE: LHO) (“LaSalle”) today jointly announced that they have entered into a definitive merger agreement under which Pebblebrook will acquire 100% of LaSalle’s outstanding common shares (the “Pebblebrook-LaSalle Agreement”). LaSalle has terminated its previously announced merger agreem ...
8y agoLHO PEBLaSalle Hotel Properties’ Board of Trustees Determines Pebblebrook Hotel Trust Proposal Constitutes a “Superior Proposal” to Blackstone TransactionBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”), in consultation with its legal and financial advisors, through a unanimous vote of the trustees present (with only Stuart L. Scott not in attendance due to recent hospitalization) has determined that the unsolicited, non-binding proposal receive ...
8y agoLHO PEBLaSalle Hotel Properties’ Board of Trustees Determines Pebblebrook Hotel Trust Proposal Could Reasonably Be Expected to Lead to a “Superior Proposal”Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”), through a unanimous vote of the trustees present (with only Stuart L. Scott not in attendance due to recent hospitalization), has determined that the unsolicited, non-binding proposal received from Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebr ...
8y agoLHO PEBLaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today confirmed that it received a proposal from Pebblebrook Hotel Trust (NYSE:PEB) (“Pebblebrook”) on August 21, 2018 to acquire LaSalle in a transaction with consideration of 0.92 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders to elect to receive ca ...
8y agoLHOLaSalle Hotel Properties Reports Second Quarter 2018 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced results for the quarter ended June 30, 2018. The Company’s results are summarized below.
8y agoLHOLaSalle Hotel Properties Files Investor Presentation in Connection with Blackstone TransactionBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced that it has filed an investor presentation with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced merger with affiliates of Blackstone Real Estate Partners VIII (“Blackstone”) and the other transactions contemplated by LaSalle’s merger agree ...
8y agoLHOLaSalle Hotel Properties to Report Second Quarter 2018 Results on August 9, 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced it will report financial results for the second quarter 2018 on Thursday, August 9, 2018 before the market opens. Given the pending merger transaction with affiliates of Blackstone Real Estate Partners VIII, the Company will not host an investor conference call this quarter.
8y agoLHOLaSalle Hotel Properties Files Definitive Proxy Statement in Connection with Blackstone Transaction; Board Recommends Shareholders Vote “For” the Transaction Prior to the Special Meeting of Shareholders Scheduled for September 6, 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced merger with affiliates of Blackstone Real Estate Partners VIII ("Blackstone") and other transactions contemplated by LaSalle’s merger agreemen ...
8y agoLHO PEBLaSalle Hotel Properties’ Board of Trustees Reaffirms Support for Blackstone TransactionBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”) has determined that the unsolicited proposal received from Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) on July 20, 2018 to acquire the Company (the “Pebblebrook Proposal”), which contained substantially identical terms as the unsolicited ...
8y agoLHOLaSalle Sets Record Date for Special Meeting of Shareholders to Vote on Merger Agreement with BlackstoneBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today announced that it has set the record date for the special meeting of shareholders (the “Special Meeting”) to vote on the proposal to approve the previously announced merger with affiliates of Blackstone Real Estate Partners VIII and other transactions contemplated by the Blackstone Merger Agreem ...
8y agoLHO PEBLaSalle Hotel Properties Confirms Receipt of Letter from Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today confirmed that it received a letter from Pebblebrook Hotel Trust (NYSE:PEB) (“Pebblebrook”) on July 20, 2018 reconfirming its previously announced proposal to acquire LaSalle in a transaction with consideration of 0.92 common shares of Pebblebrook per common share of LaSalle, with the option for ...
8y agoLHO PEBLaSalle Hotel Properties Board of Trustees Reaffirms Support for Blackstone TransactionBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”) has determined that the proposal from Pebblebrook Hotel Trust (NYSE:PEB) (“Pebblebrook”) received on June 11, 2018 to acquire the Company (the “Pebblebrook Proposal”) does not constitute, and could not reasonably be expected to lead to, a “Superi ...
8y agoLHOLaSalle Hotel Properties Declares Dividend for the Second Quarter 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.225 per common share of beneficial interest for the quarter ending June 30, 2018. The second quarter dividend will be paid on July 16, 2018 to common shareholders of record as of June 29, 2018.
8y agoLHO PEBLaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today confirmed that it received a proposal from Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) on June 11, 2018 to acquire LaSalle in a transaction with consideration of 0.92 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders to elect to receive ca ...
8y agoLHOThe Law Offices of Vincent Wong Reminds Investors of an Investigation into LaSalle Hotel Properties in Connection with the Sale of the Company to Blackstone Real Estate Partners VIII – LHOBusiness WireNEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of LaSalle Hotel Properties (“LaSalle” or the “Company”) (NYSE:LHO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Blackstone Real Estate Partners VIII. Under the terms of the deal, LaSalle stockholders will receive $33.50 in c ...
8y agoLHOThe Law Offices of Vincent Wong Notifies Investors of an Investigation into LaSalle Hotel Properties in Connection with the Sale of the Company to Blackstone Real Estate Partners VIIIBusiness WireNEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of LaSalle Hotel Properties (“LaSalle” or the “Company”) (NYSE: LHO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Blackstone Real Estate Partners VIII. Under the terms of the deal, LaSalle stockholders will receive $33.50 in ...
8y agoLHOLaSalle Hotel Properties to Be Acquired by Blackstone for $33.50 Per Share in $4.8 Billion TransactionBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which Blackstone, a leading global asset manager, will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction v ...
8y agoLHOLaSalle Hotel Properties Reports First Quarter 2018 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter ended March 31, 2018. The Company’s results are summarized below.
8y agoLHOLaSalle Hotel Properties Announces First Quarter Earnings Call To Be Held on May 10, 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced it will report financial results for the first quarter 2018 on Thursday, May 10, 2018 before the market opens (at approximately 7:00 AM eastern time). The Company will conduct its quarterly conference call on Thursday, May 10, 2018 at 8:00 AM eastern time.
8y agoLHO PEBLaSalle Hotel Properties Issues Statement in Response to Pebblebrook Hotel Trust's Revised Unsolicited ProposalBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today confirmed that on April 20, 2018 it received from Pebblebrook Hotel Trust (NYSE:PEB) (“Pebblebrook”) a further revised unsolicited proposal to acquire LaSalle in a transaction with consideration of 0.9085 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareh ...
8y agoLHO PEBLaSalle Hotel Properties to Review Revised Unsolicited Proposal from Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today confirmed that it received a revised unsolicited proposal from Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) on April 13, 2018 to acquire LaSalle in a transaction with consideration of 0.8944 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders ...
8y agoLHO PEBLaSalle Hotel Properties Board of Trustees Confirms Unanimous Rejection of Unsolicited Proposal from Pebblebrook Hotel TrustBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today confirmed that its Board of Trustees (the “Board”) unanimously rejected an unsolicited proposal received on March 6, 2018 from Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) to acquire all outstanding shares of LaSalle in an all-stock transaction with consideration of 0.8655 common shares o ...
8y agoLHOLaSalle Hotel Properties Declares Dividend for the First Quarter 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.45 per common share of beneficial interest for the quarter ending March 31, 2018. The first quarter dividend will be paid on April 16, 2018 to common shareholders of record as of March 29, 2018.
8y agoLHOLaSalle Hotel Properties Provides Update on Share Repurchase ActivityBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today reported that, since February 26, 2018, it has repurchased 1,876,900 common shares of the Company at a cost of $46.5 million and a weighted average price of $24.76 per share under the Company’s previously announced share repurchase program. The Company has approximately $523 million of capacity remaining under its share rep ...
8y agoLHOLaSalle Hotel Properties Reports Fourth Quarter 2017 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced results for the fourth quarter and year ended December 31, 2017. The Company presented its hotel statistics excluding third and fourth quarter results from its two resorts located in Key West, due to their temporary closure during and following Hurricane Irma in September 2017. The Company also provided its hotel ...
8y agoLHOLaSalle Hotel Properties Announces Governance EnhancementsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced that its Board of Trustees (the “Board”), in connection with its regular review of the Company’s corporate governance structure, unanimously voted to adopt governance enhancements, including the adoption of proxy access rights.
8y agoLHOLaSalle Hotel Properties Announces Fourth Quarter Earnings Call To Be Held on February 21, 2018Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced it will report financial results for the fourth quarter 2017 on Tuesday, February 20, 2018 after the market closes. The Company will conduct its quarterly conference call on Wednesday, February 21, 2018 at 11:00 AM eastern time.
8y agoLHOLaSalle Hotel Properties Declares Dividend for the Fourth Quarter 2017Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.45 per common share of beneficial interest for the quarter ending December 31, 2017. The fourth quarter dividend will be paid on January 16, 2018 to common shareholders of record as of December 29, 2017.
9y agoLHOLaSalle Hotel Properties Reports Third Quarter 2017 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter ended September 30, 2017. The Company’s hotel statistics are presented excluding third quarter results from its two resorts located in Key West, due to their temporary closure during and following Hurricane Irma in September 2017. The Company also provided its hotel statistics for all prope ...
9y agoLHOLaSalle Hotel Properties Provides Update About Its Key West ResortsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today provided a second Hurricane Irma impact update regarding its resorts in Key West, Florida. After both resorts closed on Wednesday, September 6, 2017 to comply with all mandatory evacuations of the island ahead of Hurricane Irma, the Southernmost Beach Resort has partially re-opened and The Marker Waterfront Resort remains c ...
9y agoLHOLaSalle Hotel Properties Announces Third Quarter Earnings Call To Be Held on October 20, 2017Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced it will report financial results for the third quarter 2017 on Thursday, October 19, 2017 after the market closes. The Company will conduct its quarterly conference call on Friday, October 20, 2017 at 11:00 AM eastern time.
9y agoLHOLaSalle Hotel Properties Declares Dividend for the Third Quarter 2017Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.45 per common share of beneficial interest for the quarter ending September 30, 2017. The third quarter dividend will be paid on October 16, 2017 to common shareholders of record as of September 29, 2017.
9y agoLHOLaSalle Hotel Properties Provides Hurricane Irma Impact UpdateBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced both of its resorts in Key West, Florida were closed on Wednesday, September 6 to comply with all mandatory evacuations of the island. The Company maintains property, flood, fire, and business interruption insurance at its two resorts in Key West.
9y agoLHOLaSalle Hotel Properties Reports Second Quarter 2017 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter ended June 30, 2017. The Company’s results include the following:
9y agoLHOLaSalle Hotel Properties Announces Second Quarter Earnings Call To Be Held on July 20, 2017Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced it will report financial results for the second quarter 2017 on Wednesday, July 19, 2017 after the market closes. The Company will conduct its quarterly conference call on Thursday, July 20, 2017 at 11:00 AM eastern time.
9y agoLHOLaSalle Hotel Properties Declares Dividend for the Second Quarter 2017Business WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today declared a quarterly dividend of $0.45 per common share of beneficial interest for the quarter ending June 30, 2017. The second quarter dividend will be paid on July 17, 2017 to common shareholders of record as of June 30, 2017.
9y agoLHOLaSalle Hotel Properties Reports First Quarter 2017 ResultsBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter ended March 31, 2017. The Company’s results include the following:
9y agoLHOLaSalle Hotel Properties Announces Two Asset Sales; Under Contract to Sell a Third HotelBusiness WireBETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE: LHO) today announced it has sold two hotel assets and is under contract to sell a third hotel for a combined $218.9 million of proceeds: