REIT Boosts Credit Facility

LaSalle Hotel Properties, Bethesda, Md., has announced that commitments to its senior unsecured bank facility have been increased from $300 million to $450 million. The additional commitments came from seven banks, LaSalle said. 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.

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