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RLJ Lodging Trust Acquires Hyatt Place D.C. for $68 Million
WASHINGTON, D.C.—Atlanta-based Songy Highroads, LLC sold the 164-room Hyatt Place D.C./Downtown/K Street located in Washington, D.C., to RLJ Lodging Trust for $68 million. At approximately $415,000 per key, the sale sets a high-water mark...
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...
RLJ Lodging Trust Acquires DoubleTree Grand Key Resort
BETHESDA, Md.—RLJ Lodging Trust has acquired the 215-room DoubleTree Grand Key Resort in Key West, Fla., for a purchase price of $77 million, or approximately $358,000 per key.
“We are excited to add an additional...
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...
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...
