The REIT lodging sector seems to receive very little visibility compared to other sectors such as the mortgage, triple-net commercial property and healthcare REITs. Despite the lack of interest, hotels as commercial real estate offer unique aspects to enhance total return. Out of the baker's dozen of lodging REITs, RLJ Lodging Trust (RLJ) has been a top performer and is poised to continue providing mid to high-teens annual returns to investors.
RLJ Lodging went public with a May 2011 IPO. The company is the third largest REIT in the lodging sector with a market cap of $2.7 billion. As of June 2013, the company owned 148 hotels with over 22,000 rooms in 22 states. The...
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