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Stock Market & Financial Investment News

News Breaks
February 21, 2014
09:16 EDTRLJRLJ Lodging Trust sells non-strategic portfolio of 11 hotels for approx. $85M
RLJ Lodging Trust has closed on the sale of a portfolio of 11 hotels for approximately $85M. The sale price represents approximately a 7.9% capitalization rate on the Portfolio’s estimated 2013 net operating income, adjusted for approximately $23M of pending capital expenditures. The estimated combined 2013 revenue per available room for the Portfolio was approximately $68.00, which represents a discount of more than 30.0% to the company’s estimated 2013 pro forma RevPAR. The sale of this Portfolio will improve the company’s RevPAR and geographic profile.
News For RLJ From The Last 14 Days
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December 18, 2014
07:13 EDTRLJRLJ Lodging Trust downgraded at KeyBanc
As previously reported, KeyBanc downgraded RLJ Lodging to Hold from Buy. The firm said the company is heavily exposed to markets with above-average supply additions, which is likely to limit RevPAR growth.
06:44 EDTRLJRLJ Lodging Trust downgraded to Hold from Buy at KeyBanc

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