{"id":1004052335,"date":"2012-01-27T13:56:53","date_gmt":"2012-01-27T21:56:53","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=32855"},"modified":"2022-12-08T18:40:15","modified_gmt":"2022-12-09T02:40:15","slug":"rlj-lodging-trust-completes-24m-hotel-conversions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rlj-lodging-trust-completes-24m-hotel-conversions\/","title":{"rendered":"RLJ Lodging Trust Completes $24M Hotel Conversions"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/p>\n

RLJ Lodging Trust has recently completed a $24 million conversion of three hotels \u2013 the Hilton Garden Inn Pittsburgh University Place, the Hilton Garden Inn Durham and the Embassy Suites West Palm Beach-Central.<\/p>\n

The conversions were part of the company\u2019s capital improvement plan for a\u00a0portfolio that includes 24 hospitality properties.<\/p>\n

\u201cAs fully renovated, premium-branded hotels, these conversions are now well positioned to gain market share, see an increase in pricing power, and capitalize on the overall positive trends that we are seeing throughout the lodging industry,\u201d said Thomas J. Baltimore, president and CEO. \u201cRepositioning these hotels not only enhances the value of the assets, but also serves as tangible evidence of our core investment strategy to own quality with strong brand affiliations,\u201d Baltimore added.<\/p>\n

\"\"<\/a>The 202-room Hilton Garden Inn Pittsburgh University Place has been rebranded from a Wyndham hotel. RLJ Lodging invested about $9 million in transforming the lobby, upgrading the rooms and renovating the exterior. In addition, the company has added a sky lobby and remodeled the business center.<\/p>\n

Eight million dollars went into the repositioning of the 175-room Hilton Garden Inn Durham. The company opted\u00a0to upgrade and expand the guestrooms, the lobby and the business center. The enhancements also included the addition of a new porte-cochere to the fa\u00e7ade of the property.<\/p>\n

The Embassy Suites West Palm Beach-Central was converted from a Crowne Plaza hotel. The $7 million investment went primarily to the creation of two-room suites and towards the renovation of the exterior fa\u00e7ade.<\/p>\n

RLJ Lodging Trust is a Maryland-based real estate investment trust focused on the acquisition of service and compact-full service hotels. The company\u2019s portfolio includes 141 hotels throughout 20 states.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Liviu Oltean, Associate Editor
\nRLJ Lodging Trust has recently completed a $24 million conversion of three hotels \u2013 the Hilton Garden Inn Pittsburgh University Place, the Hilton Garden Inn Durham and the Embassy Suites West Palm Beach-Central.
\nThe conversions were part […]<\/p>\n","protected":false},"author":1158,"featured_media":1004505451,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1602],"tags":[],"class_list":["post-1004052335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-pittsburgh"],"acf":[],"yoast_head":"\nRLJ Lodging Trust Completes $24M Hotel Conversions - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rlj-lodging-trust-completes-24m-hotel-conversions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RLJ Lodging Trust Completes $24M Hotel Conversions\" \/>\n<meta property=\"og:description\" content=\"By Liviu Oltean, Associate Editor RLJ Lodging Trust has recently completed a $24 million conversion of three hotels \u2013 the Hilton Garden Inn Pittsburgh University Place, the Hilton Garden Inn Durham and the Embassy Suites West Palm Beach-Central. 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