RLJ - Mergers and acquisitions

RLJ Lodging Trust (the "Company") (NYSE:RLJ) today announced that it has acquired the fee simple interest in the 110-room Hotel Teatro in Denver (the "Hotel") for a purchase price of $35.5 million. The Hotel was redeveloped into an independent boutique lifestyle hotel following the transformational conversion of the historic Denver Tramway Company office building, built circa 1911. The hotel is expected to generate over a 10% stabilized yield. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801032880/en/Hotel Teatro Exterior. (Photo: Business Wire) "We are pleased to expand our footprint in Denver by acquiring this unique bout

RLJ Lodging Trust (the "Company") (NYSE:RLJ) today announced that it acquired the fee simple interest in the 124-room, 21c Museum Hotel Nashville (the "Hotel") for a purchase price of $59.0 million, or approximately $476,000 per key. The property was converted to a boutique lifestyle hotel in 2017, following the transformational conversion of the historic Gray & Dudley Building in Downtown Nashville, Tennessee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220801005249/en/Exterior 21c Museum Hotel Nashville (Photo: Business Wire) "We are thrilled to acquire this unique, high-quality hotel located in one of the most dynamic, long

RLJ Lodging Trust (the "Company") (NYSE:RLJ) today announced that it has acquired the fee simple interest in the recently constructed 205-room AC Hotel by Marriott Boston Downtown (the "Hotel") for a purchase price of $89.0 million, or approximately $434,000 per key. The purpose-built hotel opened in 2018 and is located within the mixed-use Ink Block development in Downtown Boston. Upon stabilization the Hotel is expected to generate 7.5% to 8.0% NOI yield. The Company funded the acquisition with existing cash on its balance sheet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211025005479/en/AC Hotel by Marriott Boston Downtown