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LaSalle Says Underwriters Exercised Option to Buy Additional Shares

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LaSalle Hotel Properties Announces Sale of 7.6M Common Shares
UPDATE: Morgan Stanley Upgrades LaSalle Hotel Properties As Values Continue To Rise

LaSalle Hotel Properties (NYSE: LHO) today announced that, in connection with its previously announced public offering of 8,000,000 common shares at a price to the public of $23.70 per share, the underwriters exercised in full their option to purchase an additional 1,200,000 common shares. Including the option shares, the Company is issuing 9,200,000 shares in the offering, which is expected to close on December 19, 2012.

Posted-In: News Offerings

 

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