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Stock Market & Financial Investment News

News Breaks
January 4, 2013
09:00 EDTLHOLaSalle Hotel acquires majority interest in Liberty Hotel in Boston for $170M
LaSalle Hotel Properties announced that it acquired a majority interest in The Liberty Hotel in Boston, Massachusetts through a joint venture with the original developer and co-owner, an entity controlled by Dick Friedman of Carpenter & Company, Inc. The total value of the transaction was $170M. The company funded this transaction with proceeds from its sale of common shares on December 19, 2012.
News For LHO From The Last 14 Days
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January 26, 2015
14:55 EDTLHOLaSalle Hotel acquires Westin Market Street in San Francisco for $350M
LaSalle Hotel Properties announced that it acquired The Westin Market Street in San Francisco, California for $350M. The company funded the acquisition with cash on hand and borrowings from its senior unsecured credit facility. At closing, the company renamed the hotel Park Central San Francisco. Highgate Hotels will continue to manage the asset as an independent hotel on behalf of the company.

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