LaSalle owners may choose to receive cash up to a maximum 20% in the aggregate.
The previous bid was for $31.75, which was up from the original $30.
Thus far, the LaSalle board has not been responsive to Pebblebrook's overtures.
LHO closed last night at $31.16.
Previously: Pebblebrook boosts bid for LaSalle Hotel (April 16)
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