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RLJ Lodging Trust Sells 24 Hotels for $240 Million

RLJ Lodging Trust Sells 24 Hotels for $240 Million

RLJ Lodging Trust has sold 24 hotels for approximately $240 million. The sale price represents approximately a 7.9 percent capitalization rate on the hotels’ 2014 net operating income, including planned capital expenditures. The 24 hotels were initially acquired as part ...

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RLJ Lodging Trust Acquires Hyatt Atlanta Midtown

RLJ Lodging Trust Acquires Hyatt Atlanta Midtown

BETHESDA, Md.—RLJ Lodging Trust today announced that it has acquired the 194-room Hyatt Atlanta Midtown located in Atlanta, Ga., for a purchase price of $49.5 million, or approximately $255,000 per key. The purchase price represents a forward capitalization rate of ...

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RLJ Lodging Trust Continues to Deliver Outsized Returns

RLJ Lodging Trust Continues to Deliver Outsized Returns

Tom Baltimore speaks in measured tones and rarely shies away from blunt truths. He certainly doesn’t need to raise his voice to make a point. RLJ Lodging Trust’s blockbuster success has everyone from institutional investors to hotel company CEOs paying ...

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