• LaSalle makes triple buy

LaSalle Hotel Properties has bought three hotels in three separate deals in the US for a total of $292.5m (£189.1m).

The group, which now owns 36 hotels in the US, acquired the Hotel Monaco San Francisco for $68.5m, the Westin Philadelphia for $145.0m and the Embassy Suites Philadelphia – Center City for $79.0m. It also sold the Seaview Resort for $20.0m. The company funded the acquisitions with borrowings under its senior unsecured credit facility and from available cash.

See the full release here:
http://phx.corporate-ir.net/phoenix.zhtml?c=63030&p=irol-newsArticle&ID=1465787&highlight=

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