Topic: Real Estate Investment Trusts (REITs)
U.S. hotels saw all types of acquisitions decrease 39.3 percent year over year, according to a CBRE report.
Jeffrey Donnelly brings 25 years of real estate experience to his new role as executive vice president/chief financial officer.
The Toronto Stock Exchange-listed REIT will spend $318 million to take the outstanding equity interests of the Maryland-based Condor.
2018 saw some major deals totaling $18.3 billion and approximately 51,100 hotel rooms with an average sale price per room of $357,000, according to LWHA.
LaSalle’s board of trustees decided that Pebblebrook’s offer constituted a "superior proposal" as defined in the Blackstone merger agreement.
If LaSalle's board of trustees considers Pebblestone's latest offer to be a superior proposal, the Blackstone agreement could be in jeopardy.
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?
Efforts by Morocco’s central bank and its government are expected to drive investment in real estate, with the hotel sector likely to benefit.
Pebblebrook claimed that the two companies combined would form the second-largest REIT in the country.