LaSalle Hotel to redeem $100 million of 7.25% series G preferreds

By Tali David

Minneapolis, March 6 - LaSalle Hotel Properties plans to redeem 4 million of its 6,348,888 7.25% series G cumulative redeemable preferred shares, representing about 63% of the outstanding shares, according to a company news release.

The preferreds will be redeemed at $25 per share plus accrued dividends on April 5.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.