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RLJ Lodging Trust Acquires Embassy Suites Boston/Waltham

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 ...

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Westin Hotel Project on Jekyll Island Moving Forward

JEKYLL ISLAND, Ga.—The Westin Jekyll Island will now move forward, thanks in part to the Jekyll Island Tourism Development Fund. The Jekyll Island Authority board voted on Monday to approve the several enabling agreements, including tapping for the first time ...

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Starwood Debuts Aloft in Germany

MUNICH—Starwood Hotels & Resorts Worldwide, Inc. announced the signings of Aloft Munich and Aloft Stuttgart. Owned and developed by the Schörghuber Corporate Group, Aloft Munich and Aloft Stuttgart will mark the entrance of Starwood’s Aloft Hotels brand in Germany when ...

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