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RLJ Lodging Trust to Acquire Hilton Cabana Miami Beach

RLJ Lodging Trust to Acquire Hilton Cabana Miami Beach

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 ...

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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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REITs and the Recovery

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 ...

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