Entering text into the input field will update the search result below

RLJ Lodging sells another 24 hotels

Feb. 24, 2015 9:26 AM ETRLJ Lodging Trust (RLJ) StockBy: Stephen Alpher, SA News Editor
  • With the sale of these hotels for a total of $240M, RLJ Lodging (NYSE:RLJ) has now sold 39 hotels for about $370M over the past 16 months, "and improved our overall portfolio metrics."
  • The 2014 RevPAR of the 24 hotels sold was about $72, more than a 40% discount to the company's portfolio average. Their EBITDA represents about 7% of the company's 2014 total. There 24 were acquired in 2006 as part of a larger deal.
  • Following the sale, RLJ owns 124 hotels with more than 20.4K rooms in 21 states. The company also owns two planned hotel conversions.
  • Source: Press Release

Recommended For You

More Trending News

About RLJ Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
RLJ--
RLJ Lodging Trust