- Continuing to unload non-strategic assets, RLJ Lodging (NYSE:RLJ) sells the 194-room Holiday Inn Austin NW Arboretum Area for about $13.5M, or $700K per key. The price represents a cap rate of 7.9%.
- YTD, the company has sold 15 properties for gross proceeds of over $130M. "We remain committed to further recycling capital into assets that improve our portfolio quality," says CEO Thomas Baltimore.
- Source: Press Release
RLJ Lodging sells another hotel
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