doubletree by hilton burlington vermont
RLJ Lodging Trust Sells the 309-Room DoubleTree by Hilton Burlington Vermont (“Burlington”) for $35 Million
RLJ | October 3, 2018
BETHESDA, Md.—October 3, 2018--RLJ Lodging Trust (the "Company") (NYSE:RLJ) today announced that the Company has sold the 309-room DoubleTree by Hilton Burlington Vermont ("Burlington") for $35.0 million. Based on the trailing twelve months ended August 2018, the sales price represents a 17.3x EBITDA multiple and 4.5% capitalization rate, inclusive of required capital expenditures. "The sale of Burlington at a highly attractive valuation once again underscores the great strides we have made in harvesting value from the sale of the non-core assets we had identified," commented Leslie D. Hale, President and Chief Executive Officer. ...
309-Room DoubleTree by Hilton Burlington Vermont Joins DoubleTree Portfolio Following Major Renovation Led by General Manager Tristan Harris
DoubleTree by Hilton | January 29, 2018
BURLINGTON, Vt. - January 29, 2018 - DoubleTree by Hilton Burlington Vermont, a 309-room, state-of-the-art, full-service, conference center hotel, located just five minutes from downtown Burlington and the city's major attractions, is the latest addition to the growing portfolio of DoubleTree by Hilton, one of Hilton's (NYSE: HLT) 14 market-leading brands. "We are the new cookie in town and are pleased to further enhance and strengthen Hilton's existing presence in the Burlington area, joining Hilton Burlington, Hilton Garden Inn Burlington Downtown, Homewood Suites by Hilton Burlington and Hampton Inn Burlington,"...
