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Pebblebrook Revises LaSalle Offer in Tussle With Blackstone

Pebblebrook Revises LaSalle Offer in Tussle With Blackstone

Pebblebrook Hotel Trust is stepping up its efforts to acquire larger rival LaSalle Hotel Properties. The company made a fresh offer in writing that reflects its share gains since its bid last month, according to a Pebblebrook statement Monday. Bloomberg News reported on Thursday that the earlier proposal was only made verbally.