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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.
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July 23, 2014
16:26 EDTLHOLaSalle Hotel sees narrows FY14 adjusted FFO view to $2.44-$2.54
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16:25 EDTLHOLaSalle Hotel reports Q2 adjusted FFO 82c, consensus 81c
Reports Q2 revenue $313.1M, consensus $305.87M. Reports Q2 room revenue per available room, or RevPAR, increased 10.3% to $207.94, as a result of a 6.6% increase in average daily rate to $241.08 and a 3.4% improvement in occupancy to 86.3%.
08:41 EDTLHOLaSalle Hotel initiated with a Buy at ISI Group
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