LaSalle Spurns Blackstone By Picking Its Hotel Real Estate Rival for $5.2 Billion

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The Westin Copley Place Boston is one of a number of hotels owned by LaSalle Hotel Properties. Today, the company rejected a takeover from Blackstone and agreed to be purchased by a hotel real estate rival, Pebblebrook Hotel Trust. Marriott

Skift Take: Looks like slow and steady won the race for Pebblebrook, even in going up against private equity behemoth Blackstone.

— Deanna Ting

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