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Stock Market & Financial Investment News

News Breaks
July 23, 2014
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%.
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.
January 14, 2015
05:57 EDTLHOLodging sector downgraded to Market Weight at Wells Fargo
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