LHO - LaSalle Hotel Properties

NYSE - NYSE Delayed price. Currency in USD
34.82
+0.02 (+0.06%)
At close: 4:05PM EDT
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Previous close34.80
Open35.03
Bid0.00 x 1000
Ask0.00 x 2200
Day's range34.75 - 35.06
52-week range24.10 - 36.13
Volume2,177,490
Avg. volume2,589,023
Market cap3.849B
Beta1.28
PE ratio (TTM)45.10
EPS (TTM)0.77
Earnings date17 Jul 2018 - 23 Jul 2018
Forward dividend & yield0.90 (2.55%)
Ex-dividend date2018-06-28
1y target est31.08
Trade prices are not sourced from all markets
  • Business Wire4 days ago

    SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of LaSalle Hotel Properties

    Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of LaSalle Hotel Properties (“LaSalle” or the “Company”) (NYSE: LHO) related to the Company’s entry into an agreement to be acquired by affiliates of Blackstone Real Estate Partners VIII (“Blackstone”) in a transaction announced on May 21, 2018 (the “Proposed Transaction”). On May 20, 2018, the Board caused LaSalle to enter into an agreement and plan of merger (the “Merger Agreement”) with Blackstone. Under the terms of the agreement, shareholders of LaSalle will receive $33.50 in cash for each share of LaSalle common stock.

  • 6 Winning Stock Strategies as Tariff Talks Take Ugly Turn
    Zacks4 days ago

    6 Winning Stock Strategies as Tariff Talks Take Ugly Turn

    Wall Street is likely to walk a tightrope with a trade war knocking at the door. Amid such scenario, we have highlighted some investing ideas that could prove extremely beneficial for investors.

  • Business Wire5 days ago

    Bragar Eagel & Squire, P.C. Reminds Investors of an Investigation of LaSalle Hotel Properties, Inc. (LHO) on Behalf of Stockholders in Connection With its Proposed Acquisition by Blackstone Real Estate Partners VIII

    Bragar Eagel & Squire, P.C. reminds investors that the Firm is investigating potential claims on behalf of LaSalle Hotel Properties stockholders concerning the proposed acquisition of the company by Blackstone Real Estate Partners VIII.

  • The Wall Street Journal5 days ago

    [$$] LaSalle Commits to Blackstone Deal Over Pebblebrook Proposal

    on Monday reiterated its commitment to a deal with Blackstone Group LP, saying the private-equity firm’s roughly $3.7 billion purchase offer it accepted last month is in the best interest of shareholders. on June 11 wasn’t a “superior proposal.” The board said that Pebblebrook’s proposal, which includes an 80% stock consideration, “doesn’t address significant price risks and uncertainties for LaSalle shareholders.” LaSalle owns 41 hotels offering a total of 10,400 guest rooms. Under the deal LaSalle and Blackstone reached last month, Blackstone would acquire LaSalle’s outstanding shares for $33.50 each.

  • Business Wire5 days ago

    LaSalle Hotel Properties Board of Trustees Reaffirms Support for Blackstone Transaction

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”) has determined that the proposal from Pebblebrook Hotel Trust (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 “Superior Proposal” as defined in LaSalle’s definitive agreement with affiliates of Blackstone Real Estate Partners VIII (the “Blackstone Merger Agreement”). Under the terms of the Blackstone Merger Agreement, which the Company entered into on May 20, 2018, Blackstone will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion.

  • LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook
    Bloomberg5 days ago

    LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook

    LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said Monday in a statement. LaSalle’s board deemed a June 11 offer from Pebblebrook “substantially similar” to one it rejected before accepting Blackstone’s bid of $33.50 a share.

  • Business Wire8 days ago

    LaSalle Hotel Properties Declares Dividend for the Second Quarter 2018

    LaSalle Hotel Properties 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.

  • The Wall Street Journal9 days ago

    Corrections & Amplifications

    Pebblebrook Hotel Trust on Monday sweetened its bid for LaSalle Hotel Properties for a fourth time since its first offer in March. A Property Report article Wednesday about real-estate investment trusts incorrectly said it was the third time. Iceland’s soccer team will have to travel about 2,580 miles during the group stage of this year’s World Cup in Russia.

  • Business Wire11 days ago

    LASALLE HOTEL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of LaSalle Hotel Properties

    Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of LaSalle Hotel Properties to Blackstone Real Estate Partners VIII.

  • The Wall Street Journal11 days ago

    [$$] Activist HG Vora Calls Pebblebrook's Revised Offer for LaSalle Hotel 'Superior'

    , which owns 6,973 guest rooms across 28 hotels, on Monday raised its offer to buy LaSalle to about $4.17 billion as it works to thwart an agreement the hotelier reached last month with private-equity firm Blackstone Group LP. On Tuesday, HG Vora Managing Member Parag Vora wrote in a letter to LaSalle’s board that Pebblebrook’s offer is a “superior proposal” compared with the agreement between LaSalle and Blackstone. LaSalle, which owns 41 hotels offering a total of 10,400 guest rooms, declined to comment on HG Vora’s letter Tuesday.

  • Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive
    Zacks11 days ago

    Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive

    Pebblebrook Hotel Trust's (PEB) latest bid for LaSalle Hotel Properties takes into account the $112-million termination fee that LaSalle needs to pay to Blackstone in case of calling off the deal.

  • Forbes11 days ago

    Pebblebrook Not Backing Down On LaSalle Hotel Deal

    The Chrysler Building, an Art Deco-style skyscraper, is reflected on the side of the Grand Hyatt hotel on Lexington Avenue in New York, March 16, 2018. This morning, Pebblebrook Hotel Trust (PEB) enhanced its bid for LaSalle Hotel Properties (LHO). It was just 3 weeks ago LaSalle agreed to sell instead to Blackstone (BX) for $33.50 per share, all-cash, and all signed off by the LaSalle board.

  • The Wall Street Journal12 days ago

    [$$] Pebblebrook Offers $4.17 Billion in Fifth Bid to Buy LaSalle Hotel Properties

    , its fifth pitch to buy the hotelier as it works to best a deal the company reached with private-equity firm Blackstone Group LP. , which owns 6,973 guest rooms across 28 hotels, on Monday revised its all-stock bid for LaSalle, implying a merger price of $37.80 a share based on an exchange ratio of 0.92 Pebblebrook share for each LaSalle share. Pebblebrook said its offer, which excludes debt, provides a 13% premium to the per-share price that LaSalle agreed last month to receive from Blackstone.

  • Reuters12 days ago

    Pebblebrook sweetens offer for LaSalle Hotel

    Pebblebrook said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer. Shares of LaSalle, which owns interests in hotels including Park Central San Francisco and Westin Michigan Avenue, were up 1.4 percent at $35.67.

  • Reuters12 days ago

    Pebblebrook sweetens offer for LaSalle Hotel

    Pebblebrook said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer. Shares of LaSalle, which owns interests in hotels including Park Central San Francisco and Westin Michigan Avenue, were up 1.4 percent at $35.67.

  • MarketWatch12 days ago

    LaSalle Hotel Properties receives higher buyout bid from Pebblebrook, trumping Blackstone's bid

    Shares of LaSalle Hotel Properties rose 0.3% in morning trade Monday, after the company confirmed that it received a buyout proposal from fellow real estate investment trust Pebblebrook Hotel Trust that at Friday's closing prices represents an 11% premium to Blackstone Group LP's $4.8 billion bid. Pebblebrook's stock slid 1.2%. LaSalle said the bid from Pebblebrook was for LaSalle shareholders to receive for 0.92 common shares of Pebblebrook for each LaSalle share they own, with the option for LaSalle shareholders to receive cash up to 20% of the total consideration.

  • Business Wire12 days ago

    LaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel Trust

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today confirmed that it received a proposal from Pebblebrook Hotel Trust (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 cash up to a maximum of 20% in aggregate of the consideration, subject to pro ration. As previously announced on May 21, 2018, LaSalle entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which Blackstone would acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion (the “Blackstone Merger Agreement”).

  • Pebblebrook Revises LaSalle Offer in Tussle With Blackstone
    Bloomberg12 days ago

    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.

  • Business Wire17 days ago

    The 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 – LHO

    The Law Offices of Vincent Wong are investigating the Board of Directors of LaSalle Hotel Properties 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.

  • Ventas (VTR) Ratings Affirmed by Moody's, Outlook Stable
    Zacks29 days ago

    Ventas (VTR) Ratings Affirmed by Moody's, Outlook Stable

    Ventas' (VTR) rating affirmations reinstalls its creditworthiness in the market and is likely to boost investors' confidence in the stock.

  • Moving Average Crossover Alert: LaSalle Hotel Properties (LHO)
    Zacks29 days ago

    Moving Average Crossover Alert: LaSalle Hotel Properties (LHO)

    LaSalle Hotel Properties (LHO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front

  • Business Wire29 days ago

    INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of LaSalle Hotel Properties And Encourages Shareholders To Contact The Firm For Additional Information

    The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) relating to the proposed buyout of LaSalle by affiliates of Blackstone Real Estate Partners VIII in a transaction valued at approximately $4.8 billion. Under the terms of the agreement, LaSalle shareholders are anticipated to receive $33.50 in cash for each share of LaSalle common stock held.

  • Business Wire29 days ago

    The 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 VIII

    The Law Offices of Vincent Wong are investigating the Board of Directors of LaSalle Hotel Properties 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.

  • Lasalle (LHO) Ends Buyout Battle, Accepts Blackstone's Offer
    Zackslast month

    Lasalle (LHO) Ends Buyout Battle, Accepts Blackstone's Offer

    LaSalle Hotel Properties' (LHO) acquisition by Blackstone, in an all-cash deal, expected to provide a significant and certain premium to shareholders of the former.

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