Key Developments: RLJ Lodging Trust (RLJ.N)

RLJ.N on New York Stock Exchange

33.42USD
19 Dec 2014
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$-0.25 (-0.74%)
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Latest Key Developments (Source: Significant Developments)

RLJ Lodging Trust announces fourth quarter 2014 dividend
Monday, 15 Dec 2014 04:42pm EST 

RLJ Lodging Trust:Declares a regular quarterly cash dividend of $0.30 per common share of beneficial interest.Dividend is payable on Jan. 15, 2015, to shareholders of record as of Dec. 31.  Full Article

RLJ Lodging Trust raises FY 2014 RevPar guidance; raises FY 2014 EBITDA guidance
Monday, 3 Nov 2014 05:11pm EST 

RLJ Lodging Trust:Expects FY 2014 pro forma RevPAR growth of 6.0 pct - 8.0 pct (prior range 5 pct - 7 pct).Expects FY 2014 pro forma consolidated hotel EBITDA of $390.0 - $410.0 mln (prior range $380 - $400 mln).FY 2014 EBITDA of $358 mln - Thomson Reuters I/B/E/S.  Full Article

RLJ Lodging Trust acquires Doubletree Grand Key resort
Monday, 15 Sep 2014 09:25am EDT 

RLJ Lodging Trust:Says has acquired 215-room DoubleTree Grand Key Resort located in Key West, FL.For purchase price of $77.0 mln, or about $358,000 per key.  Full Article

RLJ Lodging Trust increases Third Quarter dividend 36 pct
Tuesday, 5 Aug 2014 04:50pm EDT 

RLJ Lodging Trust:Announces that its Board of Trustees declared a regular quarterly cash dividend of $0.30 per common share of beneficial interest.Payable on Oct. 15, to shareholders of record as of Sept. 30.Represents an increase of $0.08, or 36 pct to the prior quarter's regular cash dividend.  Full Article

RLJ Lodging Trust raises FY 2014 RevPAR guidance; raises FY 2014 EBITDA guidance
Tuesday, 5 Aug 2014 04:47pm EDT 

RLJ Lodging Trust:Expects FY 2014 pro forma RevPAR growth of 5.0pct to 7.0pct (prior range 4.5pct to 6.5pct).Expects FY 2014 pro forma consolidated hotel EBITDA of $380.0 to $400.0 million (prior range $365 million to $385 million).FY 2014 EBITDA of $348 million - Thomson Reuters I/B/E/S.  Full Article

RLJ Lodging Trust acquires the Hyatt Atlanta Midtown for $49.5 mln
Tuesday, 15 Jul 2014 09:15am EDT 

RLJ Lodging Trust:Announces that it has acquired the 194-room Hyatt Atlanta Midtown (the Hotel) located in Atlanta, GA for a purchase price of $49.5 million, or about $255,000 per key.Purchase price represents a forward capitalization rate of about 8.0 pct on the Hotel's projected 2015 net operating income.  Full Article

RLJ Lodging Trust announces closing of Hilton Cabana Miami Beach acquisition
Monday, 23 Jun 2014 09:15am EDT 

RLJ Lodging Trust:Closes previously announced acquisition of the 231-room Hilton Cabana Miami Beach for $71.6 mln, or about $310,000 per key.Purchase price represents a forward capitalization rate of about 8.5pct on the Hotel's projected 2015 net operating income.  Full Article

RLJ Lodging Trust sells additional non-strategic hotel for $13.5 mln
Thursday, 19 Jun 2014 04:05pm EDT 

RLJ Lodging Trust:Says that it has sold an additional hotel.Sold 194-room Holiday Inn Austin NW Arboretum Area (the Hotel) in Austin, Texas for about $13.5 mln, or $70,000 per key.Sale price represents about a 7.9 pct capitalization rate on the Hotel's 2014 net operating income, fully loaded for pending capital expenditures.  Full Article

RLJ Lodging Trust announces dividend for second quarter 2014
Friday, 13 Jun 2014 09:15am EDT 

RLJ Lodging Trust:Declares a regular quarterly cash dividend of $0.22 per common share.Payable on July 15, to shareholders of record as of June 30.  Full Article

RLJ Lodging Trust acquires two assets for $120 mln
Friday, 23 May 2014 09:20am EDT 

RLJ Lodging Trust:Acquires two West Coast hotels, the 256-room Courtyard Portland City Center in Portland, Oregon, and the 293-room Embassy Suites Irvine Orange County in Irvine, California, in off-market transaction.Combined purchase price is $120 mln, or about $219,000 per key.  Full Article

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