LaSalle Hotel Properties (LHO) announced that it has priced public offering of 8 million common shares at $23.70 per share. The company also granted the underwriters an option to buy additional 1.2 million common shares.
The company intends to use offering net proceeds to fund all or a portion of the cost of future hotel acquisitions, to reduce amounts undercredit facility and for general corporate purposes.
Citigroup and Raymond James are acting as joint book-running managers. 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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.