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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. 

Company Quote

33.42
-0.25 -0.74%
19 Dec 2014