- 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