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LaSalle Hotel Properties Announces Public Offering of 6.375% Series I Cumulative Redeemable Preferred Shares

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LaSalle Hotel Properties Announces Public Offering of 6.375% Series I Cumulative Redeemable Preferred Shares Powered By Docstoc
					
				
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posted:2/27/2013
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Description: BETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) today announced that it has priced an underwritten public offering of 4,000,000 6.375% Series I Cumulative Redeemable Preferred Shares at a price of $25.00 per share for gross proceeds of $100 million. The Company granted the underwriters a 30-day option to purchase up to an additional 600,000 Series I Preferred Shares to cover over-allotments, if any. The offering is expected to close on March 4, 2013, subject to customary clos a
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