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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Leslie Hale has been promoted to president and chief executive officer of RLJ Lodging Trust following the retirement of Ross Bierkan, effective August 2018. Currently, Hale serves as executive vice president, chief operating officer, and chief financial officer, positions that ...

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RLJ Lodging and FelCor to Merge into a $7 Billion REIT

RLJ Lodging and FelCor to Merge into a $7 Billion REIT

BETHESDA, Md. – RLJ Lodging Trust and FelCor Lodging Trust Incorporated announced a merger agreement under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. The merger will create the third largest pure-play ...

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RLJ Lodging Completes SpringHill Suites Houston Transformation

RLJ Lodging Completes SpringHill Suites Houston Transformation

BETHESDA, Md.—RLJ Lodging Trust (the “company”) (NYSE:RLJ) today announced that it has opened its 167-room SpringHill Suites Houston Downtown/Convention Center (the “hotel”) following an extensive conversion of an 82-unit apartment building. The hotel was acquired by the company in 2013 ...

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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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