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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Dec. 21, 12:14 PM

Slide #16. LaSalle Hotel Properties Secondary Offering

Company: LaSalle Hotel Properties (NYSE:LHO)
Date announced: 12/8/2014
Shares Offered: 7,600,000
Date of Pricing: 12/9/2014
Price Per Share: $40.30
Secondary Offering Details: LaSalle Hotel Properties (NYSE:LHO) today announced the sale of 7,600,000 common shares to Barclays, Deutsche Bank Securities and Morgan Stanley in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The Company has also granted the underwriters an option to purchase up to 1,140,000 additional shares. - updated 12/9 - LaSalle Hotel Properties (NYSE:LHO) today announced that the public offering price for the 7,600,000 common shares previously sold to Barclays, Deutsche Bank Securities and Morgan Stanley as underwriters of the offering, is $40.30 per share. The Company has also granted the underwriters an option to purchase up to 1,140,000 additional shares.

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. Co. primarily buys, owns, redevelops and leases hotels located in convention, resort and urban business markets. As of Dec 31 2013, Co. owned interests in 45 hotels with over 11,400 guest rooms located in 10 states and the District of Columbia. Substantially all of Co.'s assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, LP (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Co. owned, through direct and indirect interests, 99.7% of the common units of the Operating Partnership at Dec 31 2013.

Preferreds: LHO.PRH, LHO.PRG, LHO.PRI


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Company Name:  LaSalle Hotel Properties
Website:  www.lasallehotels.com
Sector:  REITs
Number of ETFs Holding LHO:  54
Total Market Value Held by ETFs:  $661.76M
Total Market Capitalization:  $4.24B
% of Market Cap. Held by ETFs:  15.60%
 

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December 21, 2014    12:14 PM Eastern
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Buy (3.08 out of 4)
50th percentile
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