LaSalle Hotel Properties to redeem series E and D preferred shares

By Ashley Montgomery

Kansas City, Kan., April 19 - LaSalle Hotel Properties will redeem its 8% series E cumulative redeemable preferred shares and 7.5% series D cumulative redeemable preferred shares, according to a filing with the Securities and Exchange Commission and a subsequent news release.

The shares will be redeemed May 21 at $25 per share, plus accrued dividends to the redemption date.

LaSalle, a Bethesda, Md.-based multi-operator real estate investment trust, owns upscale full-service hotels.

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