Keyword: Pebblebrook Hotel Trust
If LaSalle's board of trustees considers Pebblestone's latest offer to be a superior proposal, the Blackstone agreement could be in jeopardy.
Blackstone has agreed to buy REIT LaSalle Hotel Properties in an all-cash deal valued at $4.8 billion, or $33.50 per share.
Is there a correlation between the stock performance of hotel C-corps and returns for hotel owners? Maybe—maybe not.
If LaSalle ends up accepting Pebblebrook's revised proposal, it may come down to one CEO conceding to the other. But is private equity in play?
Pebblebrook claimed that the two companies combined would form the second-largest REIT in the country.
By the time the game kicks off on Feb. 4, Airbnb will have increased its host supply in the Minneapolis/St. Paul area from 1,000 rooms to 5,500 in one year.
Pebblebrook Hotel Trust owns the luxury boutique hotel, which is operated by Noble House Hotels & Resorts.
The new owner will also manage the full-service hotel as a DoubleTree, and plans to execute a repositioning of the property.
The 157-guestroom property, the newest addition to the Tribute Portfolio, has newly imagined spaces with a Latin vibe.