LaSalle Hotel Properties Raises $124.86 Million

Tradingmarkets -- LaSalle Hotel Properties, a US-based real estate investment trust (REIT), has raised $124.86 million through a public offering of common shares. Including the over-allotment option which was exercised in full by the underwriters, the company sold a total of 12,362,500 common shares at a price of $10.10 per share.