LaSalle Hotel Properties Prices 8M Shares at $23.70/Share
LaSalle Hotel Properties (NYSE: LHO) today announced that it has priced a
public offering of 8,000,000 common shares at a price to the public of
$23.70 per share. All of the shares are being sold by the Company.
The Company granted the underwriters an option to purchase up to an
additional 1,200,000 common shares.
Citigroup and Raymond James are acting as joint book-running managers
for the offering, BMO Capital Markets is acting as lead manager,
Deutsche Bank Securities, RBC Capital Markets and Wells Fargo Securities
are acting as senior co-managers and BB&T Capital Markets, Piper
Jaffray, PNC Capital Markets LLC and RBS are acting as co-managers.