LaSalle Hotel Closes On $177.5M Term Loan

Law360, New York (May 18, 2012, 2:35 PM EDT) -- Real estate investment trust LaSalle Hotel Properties, which boosted its dividends more than 80 percent after last month's quarterly reports and has been buying back company stock, announced Friday that it had closed on a $177.5 million term loan.

The loan's closing, at a 3.8 percent interest rate on a seven-year term, comes just days before LaSalle Hotel prepares to finish redeeming about $166.8 million of its preferred shares on May 21, it said. Representatives for LaSalle Hotel could not immediately be reached for comment on...
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