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| LaSalle secures Premier Inn properties Chicago-based real estate investment firm LaSalle Investment Management has exchanged agreements with the UK's largest hotel and restaurant group Whitbread on the acquisition of seven properties operating as Premier Inns and adjacent restaurants. On completion of the sale and leaseback transaction, which is expected by September 2011, LaSalle will pay £53.8 million in cash for the properties and enter into 25 year leases with Whitbread, who will continue to operate the properties. write your comments about the article :: © 2011 Construction News :: home page |