Bethesda-based LaSalle Hotel Properties obtains $34.4M loan with
StaffLaSalle Hotel Properties, of Bethesda, a real estate investment trust, obtained a five-year, $34.4 million secured loan with Wells Fargo Bank at a fixed rate of 4.98 percent, collateralized by the company's 241-room Hilton Alexandria Old Town Hotel. LaSalle will use proceeds to reduce the outstanding balance of its credit facility.
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