LaSalle Hotel Properties, Bethesda, Md., has announced a public offering of $75 million of series D cumulative redeemable preferred shares.The shares have a fixed distribution rate of 7.50% per year. Raymond James & Associates was the lead underwriter of the offering. The underwriters were granted an option to buy up to 300,000 additional shares to cover any overallotments. LaSalle, a real estate investment trust, can be found online at http://www.lasallehotels.com.
LaSalle Announces Preferred Stock Offering
August 22, 2005, 2:00 p.m. EDT 1 Min Read
