Keyword: RLJ Lodging Trust
Companies are struggling to deal with the loss of roomnights and uncertainty about what the future will bring.
The association named Jon Bortz, chairman, president and CEO of Pebblebrook Hotel Trust, chair of the board.
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