LaSalle Hotel's 6.375% series I preferreds admitted to trading on NYSE

By Tali David

Minneapolis, March 7 - LaSalle Hotel Properties' 6.375% series I cumulative redeemable preferred shares of beneficial interest have been admitted to trading on the New York Stock Exchange, according to a notice.

The shares trade under the symbol "LHO PR I."

The company priced $100 million of the preferreds on Feb. 27.

Wells Fargo Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are the joint bookrunners.

As previously reported, the Bethesda, Md.-based real estate investment trust will use the proceeds from the offering for one or more purposes, including the redemption of its series G preferred shares, to reduce amounts outstanding under a senior unsecured credit facility and/or for future acquisition, working capital and general corporate purposes.

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