BETHESDA, Md.—RLJ Lodging Trust announced that it acquired the historic Humble Oil Building complex in downtown Houston, for a purchase price of $79.5 million, or approximately $151,000 per key. The Humble Oil Building is a three-tower complex that occupies an ...

BETHESDA, Md.—RLJ Lodging Trust announced that it has opened its Hotel Indigo New Orleans Garden District. With the opening of this hotel, the company has completed its seventh and final brand conversion that was planned as part of its comprehensive ...

BETHESDA, Md.—RLJ Lodging Trust announced that it has entered into a purchase and sale agreement to acquire upon completion the 231-room Hilton Cabana Miami Beach for a fixed purchase price of $71.6 million, or approximately $310,000 per key. The property ...

BETHESDA, Md.—RLJ Lodging Trust (the “Company”) announced that it acquired the 275-room Embassy Suites Boston/Waltham (the “Hotel”), through an off-market transaction, for a purchase price of $64.5 million, or approximately $235,000 per key. The purchase price represents a forward capitalization ...

Last May, Tom Baltimore, president and CEO of RLJ Lodging Trust, and his management team were engrossed in some strategic thinking. Part of the diverse business portfolio of The RLJ Companies, founded by Robert L. Johnson, who is probably best ...