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LaSalle Hotel Properties Announces Sale of the Westin City Center Dallas (United States)

LaSalle Hotel Properties Announces Sale of the Westin City Center Dallas (United States)
Category: North America & West Indies / Carribean islands - United States - Industry economy - Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2010-10-01

LaSalle Hotel Properties (NYSE:LHO) today announced the sale of the Westin City Center Dallas for $50.0 million, resulting in an approximate book gain on sale of $29.2 million. The Company anticipates that it will recognize a tax gain on sale for the Westin City Center Dallas of approximately $26.5 million, which would be offset by the tax loss on sale for Seaview Resort of approximately $30.5 million.


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Dallas Marriott City Center
650 North Pearl Street
75201 Dallas
États-Unis
Member of... Marriott
Website


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