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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...