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LaSalle Hotel Properties (LHO) Is Falling After Offering Announcement

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12/13/2012 4:39 PM ET

LaSalle Hotel Properties (LHO: Quote) announced after the close Thursday that it plans to sell 7,000,000 common shares in an underwritten public offering. The stock is now down 0.84 on 10K shares.

LaSalle Hotel Properties was range-bound throughout Thursday's session and closed up by 0.01 at $24.54. The stock finished near the upper end of a 2-month range.

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by RTT Staff Writer

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