RLJ Completes Acquisition of 170-Room Moxy Denver Cherry Creek for $51.3M

RLJ Lodging Trust | January 10, 2022

BETHESDA, MD - January 10, 2022 - RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it has acquired the 170-room Moxy Denver Cherry Creek (“Moxy Cherry Creek”) for a purchase price of $51.3 million, or approximately $301,000 per key and completed the disposition of the 764-room DoubleTree Hotel Metropolitan New York City (the “DoubleTree Metropolitan”) for gross proceeds of $169.0 million.   “We are pleased to acquire the recently built Moxy Cherry Creek Hotel, located within the heart of the exclusive Cherry Creek submarket of Denver, which is expected to generate outsized growth for years to come. In ...