BX and not Pebblebrook Hotel Trust (PEB), whose $35.44 per share offer (as of Friday), had been on the table. LAST WEEK OUTSIDE THE GATESNot without note, the news comes days after Blackstone sold its stake in Hilton Worldwide, as PEhubwire reported today. BX generated $14 billion in profit on its 11-year investment in Hilton Worldwide Holdings, Friday, agreeing to sell 15.8 million shares in Hilton (no longer beneficially owning any Hilton common stock). The deal dates to 2007 when Blackstone acquired Hilton. PRINCIPAL PLAYERSStuart L. Scott, LaSalle Board Chairman said, “As part of the Board’s review, the Company and its advisors contacted 20 potential buyers, including strategic parties, brands and private equity firms.

Source: Forbes May 21, 2018 21:45 UTC