Real Estate Weekly: LaSalle Hotel Properties sells Minn. property for $20M

LaSalle Hotel Properties, a lodging real estate investment trust based in Bethesda, said it sold the 564-room Sheraton Bloomington Hotel in Minneapolis for $20 million. The REIT received net proceeds of $19.6 million after payment of transaction costs and fees, which it said it will use to reduce the outstanding balance on its senior unsecured credit [...]

Read full post here. Yahoo! News

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