Hedge fund pushing for LaSalle Hotel sale

|About: LaSalle Hotel Properties (LHO)|By:, SA News Editor

Disclosing an 8M share or 7.1% stake in LaSalle Hotel (NYSE:LHO), HG Vora Capital says it will continue to talk with management concerning strategic alternatives, including a sale.

LaSalle last week rejected an all-stock $30 per share offer from Pebblebrook Hotel (NYSE:PEB).

Shares are flat premarket at $29.01.

Subscribe for full text news in your inbox