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Stock Market & Financial Investment News

News Breaks
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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