LaSalle's board voted to consider Pebblebrook's increased acquisition bid ahead of a Sept. 6 shareholder vote on its proposed merger with Blackstone.
With wellness design catching on in apartments and offices, hotel owners are focusing on the trend with an emphasis on luxury and comfort in the bathroom.
Pebblebrook has submitted a bid to buy LaSalle for $37.80, and LaSalle's board said it is reviewing the new offer.
LaSalle's board determined Pebblebrook's offer constitutes a "superior proposal" to Blackstone's and notified Blackstone it plans to terminate the deal.
Foodie demands are changing the way Las Vegas casino developers build out their projects.
Condor is reviewing a range of options after transitioning its portfolio from economy hotels to upscale assets.
Another Boston luxury hotel is getting renovated, but this one will entirely shut down for the duration of the upgrades.
The Trump administration wants to put a stop to Democrats' emolument suit.
One year after selling a minority stake in Hilton Worldwide Holdings, Bill Ackman's Pershing Square has bought back in, reportedly for a larger percentage.
Pebblebrook and LaSalle agreed to a $5.2B merger that will create the nation's third-largest lodging REIT with 66 properties.
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