New User:

-or-
Username:
Password:
Forgot your password?

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.
News For RLJ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use