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LaSalle Hotel Properties Announces Public Offering Price for 7,000,000 Common Shares

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LaSalle Hotel Properties Announces Public Offering Price for 7,000,000 Common Shares Powered By Docstoc
					
				
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posted:4/26/2011
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Description: BETHESDA, Md.--(EON: Enhanced Online News)--LaSalle Hotel Properties (NYSE:LHO) today announced that the public offering price for the 7,000,000 common shares previously sold to Goldman, Sachs & Co., the sole underwriter of the offering, is $27.65 per share. The Company has also granted the underwriter an option to purchase up to 1,050,000 additional shares. The Company intends to use the net proceeds of this offering to fund all or a portion of the cost of future hotel acquisitions, includi a style='font-size: 10px;
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