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RLJ Lodging Trust Sells Portfolio of 11 Hotels

RLJ Lodging Trust Sells Portfolio of 11 Hotels

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Trust announced that the company has closed on the sale of a portfolio of 11 hotels for approximately $85 million. The sale price represents approximately a 7.9 percent capitalization rate on the portfolio’s estimated 2013 net ...

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Inland American and Kessler Enterprises Form Joint Ventures

Inland American and Kessler Enterprises Form Joint Ventures

OAK BROOK, Ill.—Inland American Lodging Group (IALG), a wholly owned subsidiary of Inland American Real Estate Trust (Inland American), announced that it has formed two new joint ventures for a combined investment of $68.5 million with Kessler Enterprises. The joint ...

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Hersha Hospitality Trust to Purchase Two Miami Beach Hotels

Hersha Hospitality Trust to Purchase Two Miami Beach Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has entered into a definitive agreement to purchase two Autograph Collection hotels in Miami’s South Beach. The purchase price for the South Beach Autograph Portfolio, which ...

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Pebblebrook Hotel Trust Acquires Radisson Fisherman’s Wharf

Pebblebrook Hotel Trust Acquires Radisson Fisherman’s Wharf

BETHESDA, Md.—Pebblebrook Hotel Trust announced that it has acquired the Radisson Hotel Fisherman’s Wharf and Retail for $132 million. The 355-room hotel, which includes approximately 44,000 square feet of street retail space, is located in the heart of Fisherman’s Wharf ...

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