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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:09 EDTLHOLaSalle Hotel downgraded to Neutral from Buy at ISI Group
ISI Group downgraded the Lodging Sector and LaSalle Hotel to Neutral citing valuations.
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September 10, 2014
09:02 EDTLHOLaSalle Hotel announces contract to sell Hotel Viking for $77M
LaSalle Hotel Properties announced that it has entered into a definitive contract to sell Hotel Viking in Newport, Rhode Island for $77M. The cmpany expects the transaction to close this week. The company acquired the hotel in June, 1999 for $27M. Proceeds from the transaction will be used to reduce borrowings on the company’s Senior Unsecured Credit Facility. In conjunction with the sale of Hotel Viking, the company is executing a reverse 1031 exchange with Hotel Vitale, which it purchased during April.

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