Higher Hotels Offer is coming to Lassale from Pebblebrook To Outbid Blackstone.
Three weeks after LaSalle Hotel Properties announced it had agreed to be bought by Blackstone, a persistent local competitor is not giving up on its bid. Pebblebrook Hotel Trust Monday announced it submitted a new offer to buy LaSalle for $37.80 per share, higher than any previous offer. LaSalle released a statement following the announcement saying its board is reviewing Pebblebrook's offer. Blackstone reached a deal May 21 to acquire LaSalle in an all-cash transaction fo