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Pebblebrook merges with LaSalle, sells 5 hotels

Pebblebrook Hotel Trust and LaSalle Hotel Properties have completed their $5.2 billion merger after approval by both companies’ shareholders last week. Pebblebrook also announced the sale of five hotel properties for $820.8 million, two of which were made under its previously announced plan to dispose of $750 million to $1.25 billion of hotels in the six to 12 months after the deal’s closure. Read the GlobeSt story here

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