LaSalle Plunks Down $170M For Stake In Boston Hotel
The hospitality-focused REIT said it had agreed to form a joint venture with Carpenter & Co., a real estate developer controlled by Richard Friedman, to own and operate the 298-room Liberty Hotel. The deal was funded from proceeds of LaSalle's mid-December stock sale, which netted roughly $218 million.
The exact split of the joint venture...
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