LaSalle Hotel to fully redeem 7.25% series G preferreds on July 3

By Toni Weeks

San Luis Obispo, Calif., June 3 - LaSalle Hotel Properties issued a call to redeem all 2,348,888 shares of its 7.25% series G cumulative redeemable preferred shares, according to a press release and an 8-K filing with the Securities and Exchange Commission.

The preferreds will be redeemed at par of $25.00 plus accrued and unpaid dividends through the redemption date of July 3.

Wells Fargo Bank, NA is the transfer agent.

Bethesda, Md.-based LaSalle is a multi-operator real estate investment trust.

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