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Stock Market & Financial Investment News

News Breaks
May 22, 2014
09:07 EDTRLJRLJ Lodging Trust 8M share Spot Secondary priced at $26.45
The deal size was increased to 8M shares from 7.5M shares and priced between the $26.05-$26.60 range. Barclays, BofA/Merrill, Wells Fargo and RBC Capital acted as joint book running managers for the offering.
News For RLJ From The Last 14 Days
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July 15, 2014
09:16 EDTRLJRLJ Lodging Trust acquires Hyatt Atlanta Midtown for $49.5M
RLJ Lodging Trust announced that it has acquired the 194-room Hyatt Atlanta Midtown located in Atlanta, GA for a purchase price of $49.5M, or approximately $255,000 per key. The purchase price represents a forward capitalization rate of approximately 8.0% on the Hotelís projected 2015 net operating income. The company purchased the Hotel with proceeds from its recent equity offering.

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