RLJ Lodging Trust
NYU REIT Symposium Special Report: 6 Takeaways
Just as a new cycle begins, companies face rising volatility.
Xenia Hotels Sells Boston-Area Asset for $108M
The disposition of the 221-key Residence Inn Boston Cambridge marks an end to the REIT’s select-service holdings.
JRK Acquires $65M Hotel Portfolio in Austin
The L.A.-based firm will be investing more than $24 million in room and common-area upgrades.
RLJ Lodging Trust Sells Major Tampa Bay Resort
A hospitality company led by Tampa Bay Buccaneers Co-Chairman Bryan Glazer purchased the 362-key Vinoy Renaissance Resort & Golf Club in St. Petersburg, Fla., for a total of $188.5 million.
RLJ Lodging Appoints New President, CEO
Leslie Hale started with the company in 2005 and is currently serving as executive vice president, chief operating officer & chief financing officer until Aug. 22, 2018.
Philly Sheraton Lands New Owner, Planned Makeover
The Buccini/Pollin Group acquired the 364-key property in the Old City district for almost $100 million. The Delaware-based company is set to renovate and rebrand the hotel.
Doubletree Opens Doors in VT
The 309-key property, located near Burlington, was extensively renovated prior to opening. The hotel’s attached 30,000-square-foot conference center is expected to open this fall.
RLJ Lodging Trust Hires New SVP
Ryan Meliker will step up as the company’s senior vice president of corporate strategy and investor relations, bringing 15 years of experience in lodging and real estate research.
RLJ Sells Luxury Boston Hotel for $170M
The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.
NH Hotel Group Lands $3B Merger Bid
The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.