CORRECTED-UPDATE 2-LaSalle Hotel accepts Blackstone's $3.7 bln cash offer
May 22, 2018 at 04:03 AM EDT
May 21 (Reuters) - LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust.
