Keyword: RLJ Lodging Trust
Wyndham Hotels & Resorts' second-quarter results revealed significant increases in revenue, largely due to its La Quinta acquisition.
Blackstone Group has acquired three Marriott-branded hotels near Fort Lauderdale, Fla., from an affiliate of RLJ Lodging Trust for $43.2 million.
The Dallas-based hotel fund manager picked Jan Kuehnemann to serve in the position.
Blackstone has agreed to buy REIT LaSalle Hotel Properties in an all-cash deal valued at $4.8 billion, or $33.50 per share.
RLJ will continue to update the hotel following the sale, with renovations expected to complete in 2019.
Just 5 percent of hospitality CEOs are women, and as a result gender diversity in hotel leadership has remained a discussion point at industry conferences and beyond.
RLJ Lodging Trust has sold the Fairmont Copley Plaza in Boston for approximately $444,000 per key.
Kate Henriksen, SVP of Investment Analysis and Portfolio Management, RLJ Lodging Trust
FelCor will become a wholly owned RLJ subsidiary at the end of August.
FelCor will become part of a wholly owned subsidiary of RLJ in an all-stock transaction.