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News Breaks | | | | January 4, 2013 | | 09:00 EDT |  | LHO | LaSalle 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. | |
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