LaSalle Hotel Properties Agrees to Merge With Pebblebrook Hotel Trust

By Anonymous

The deal between the two hotel real estate investment trusts comes after a monthslong battle that compelled Pebblebrook to make six offers

LaSalle Hotel Properties has agreed to a merger with Pebblebrook Hotel Trust, after it terminated a previous merger agreement with Blackstone Group LP.

LaSalle has also canceled a shareholder vote regarding the Blackstone-LaSalle agreement that was previously scheduled for Thursday.

On Wednesday, LaSalle’s board determined that Pebblebrook’s...