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RLJ Lodging Trust Acquires Embassy Suites Boston/Waltham
RLJ Lodging Trust announced that it acquired the 275-room Embassy Suites Boston/Waltham (the Hotel), through an off-market transaction, for a purchase price of $64.5 million, or approximately $235,000 per key. The purchase price represents a forward capitalization rate of approximately 7.9% on the hotel's projected 2013 net operating income. The Company purchased this asset with cash available on its balance sheet.
Latest Developments for RLJ Lodging Trust
- RLJ Lodging Trust Raises FY 2013 EBITDA Guidance; Comments On FY 2013 RevPAR Guidance
- RLJ Lodging Trust Announces Exercise Of Underwriters’ Option To Purchase Additional Shares And Subsequent Closing Of Public Offering Of Common Shares
- RLJ Lodging Trust Announces Pricing Of Upsized Public Offering Of 13.8 Million Common Shares
- RLJ Lodging Trust Announces Public Offering Of Common Shares
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