LaSalle Hotel Properties, Bethesda, Md., has announced an amendment to its $300 million senior unsecured bank facility.The amendment to the line of credit reduces the pricing and extends the maturity date to April 13, 2011 (with a one-year extension option), according to LaSalle. "The interest rate ... is based on a pricing grid with a range of 70 to 150 basis points over [the London interbank offered rate] and a flat unused fee of 12.5 basis points," the company reported. The co-lead arrangers of the facility were Bank of Montreal and Bank of America. LaSalle, a real estate investment trust, can be found online at http://www.lasallehotels.com.
Processing Content
